Apart from the sudden spasm seen in the CAD, today was dull and we saw several small losses. The net effect was a small profit of 8 pips. This serves to highlight the importance of trend to this trading system. In the absence of a trend, profits are unlikely. There is a time for buying, a time for selling and a time for fishing. Today was a good day to go fishing.
Friday, 14 November 2008
Friday Wrap Up
Apart from the sudden spasm seen in the CAD, today was dull and we saw several small losses. The net effect was a small profit of 8 pips. This serves to highlight the importance of trend to this trading system. In the absence of a trend, profits are unlikely. There is a time for buying, a time for selling and a time for fishing. Today was a good day to go fishing.
