Tuesday 20 May 2008

Safe Trading and No Automated Setup Tuesday

As mentioned in the yesterday's posting, the US dollar was at a major crossroads. We had actually turned bearish and were right for not participating. There was a late surge for the US dollar during the New York hours.

Only in today, it did a surprise U- turn move, by sending the Euro to hit a 3-week high. Since we're back to the neutral stance, there was no trade setup. We shall remain in the wait and see mode for now. I'm really keen to get back into action.

On the other note, the FAPS has been caught out once again, this time in a short mode ! We'll see if it could make an escape once again. Another rough month for this ea, I suppose?

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