Friday 7 December 2007

Done for the week -48 pips

10 trades
5 winners
4 losers
1 breakeven

It should have been a positive week if i were not stopped out for -98 instead of -35. Bad execution by the brokerage firm.

Finally, the most eventful week of the month (with respect to major economic news releases) comes to an end. A lot of experienced technical traders (e.g. here and here) tend to not mess with fundamentals development in week like this and they usually choose to stand aside. And it is probably a wiser decision. Anyhow, I had an interesting week. Hope we can get back on the technical side of trading next week.

2 comments:

Blakey UK said...

Ah, "most eventful week of the month"... maybe that explains why I was getting good trades and able to regularly close them at +100 to +200 USD on Sunday night/Monday, and even some on Tuesday, and from then on it all went to pot! Maybe not the best week to start using the software.

Great blog - it's good to get an experts opinion on things like the financial news that is due, as I wouldn't even know where to start looking for that.

Andy

Lloyd said...

For starter, you can always visit my site for economic news events of the week which, i think, will impact the price most.

For a comprehensive forex economic calendar, i suggest forexfactory.com.

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