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Sunday, 8 April 2012

Trade what the market gives you!

Posted on 11:26 by Unknown
Markets are always changing and last week we had a ton of accouncements that really stired up the market in one way direction. Last Saturday March 31 2012 we had the Chinese Manufacturing PMI preform better than expected and really gapped the price action early Sunday morning. Then we had FOMC meeting and NFP coming out putting the market into a frenzy. With that we had a long weekened! This was the time to scale down positions and be on the sidelines. The market gives what it gives and takes what it takes. The best position during these circumstances is to wait and let the storm ease. It is important that we cannot expected winners all the time and losses are inevitable. Let the market do its thing.
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      • Looking Ahead: Week of April 30 through May 4
      • EUR/USD Trade April 23, 2012
      • Looking Ahead: April 23 through April 27, 2012
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      • Controlling yourself after a trade
      • The Power of Introverts
      • One vs Multiple Currency Pairs
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      • Who is Taking Your Trades?
      • Trade what the market gives you!
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