Have not traded since my last post as I could not bring myself to commit to a trade. When I finalliy did enter a trade to long the EUR (thinking it has bottomed), the market once again sold off due to fears of a recession. In the end, lost some pips. Sigh ... perhaps I was to eager to enter the market. I would have made money if I had shorted the EUR instead, but I wasn't sure how much further the EUR will weaken against the USD. Well , the market is ALWAYS right.
Nonetheless, I will have to wait for a clearer sign to enter long in the EUR.
Friday, October 24, 2008
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