Monday, September 22, 2008

Watching and waiting, new (larger) account upgrade

Still just watching...I'm not seeing anything that I'm too comfortable with right now. I'll continue to hold off until I see something I like.

That being said, I'll begin trading a separate, larger account with a new broker (FXSolutions) starting next week, 10/1. I'm going to aim for a gain of 5% on the account from 10/1 - 12/31/08.

*Keep in mind that when I begin trading the new account, I will disconcern myself with the gains made earlier this year and we'll be starting over with a fresh P/L %.

Missed the boat again (USD/CAD)...

...ha, nothing new here. Unfortunately, I couldn't pick-up my short entry last week (was hoping for another run up to 108) and USD/CAD followed through with an overdue break-out to the downside (some 450pips!).

No worries and it was good to see the trade worked out as I had wanted.

I was watching the GBP/USD last night, keeping an eye on the recent retrace and fib levels from the drop. Just watching for now...crazy markets right now. I picked a heck of a time to learn how to trade! :D

Good morning!