Friday, 31 October 2008

Friday Wrap Up


Unfortunately I had to attend a meeting which meant I was unable to post signals after 10:30am. There was one futher signal about 11:00am - Buy JPY at 97.53. This trade was sucessful and made an 87 pip gain. Overall the trades today made a modest 64 pips reflecting the fact that 3 currency pairs showed a directional trend whilst the other 3 were trendless. Volatility is still very high intraday and requires caution to preserve capital: if you want to trade these markets and also wish to reduce your risk, reduce your position size.