Friday 5 September 2008

No Trade and Patiently Waiting Friday

Friday
No trade

The 100-pip system performance has been updated. Btw, it was an abnormal trading week where we had overextended price reactions in many of the major markets. The unwinding of the carry trades also intensified to a scale that I've not experienced in a very long time.

Fortunately, we successfully avoided being caught out by this market behaviour and the system was pretty safe in this kind of trading environment.

I hope the market will get back to its normal trading mode next week. Note that we follow a very stringent trading plan with a fixed daily trade entry routine at all time.

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