5 - 9 Mar 2007 Summary

Let's wrap up this week's trading session. I had spent numerous hours reading, analyzing my charts and calculating pips and it had been a hectic week - with the recovery of stock markets, NFP week etc. There were very tense moments that I felt like banging my head to the walls. And a good trader cannot have any emotion ;)

Oh well, in any event, I still made some pretty nice pips and achieved my weekly target:
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Target Pips: 250 pips
Total Accumulated Pips: 288
Total Open Red Positions: 4

Notes:

• Always take a look at the action bias before deciding to place any order.
• Pre-London, 90% of the times, GU will go up (as well as GJ). But, this is NOT always the case.
• During news for the US which will affect EU & GU, usually, the end results will be a bit tricky. I've seen many times EU & GU both went down although the news were bad for the US economy. Agan, this is NOT always the case. Sometimes, shit does happen. Okay, I lied. A lot of times :)
• Don't rush into the NY session. Things could turn ugly. Be patient and always monitor the trend first. Do not trade an instrument that has no clear direction.
• After a breaking, to place a late order, be sure to draw the fib lines.

I'm terribly tired. I feel like I've drained all my energies after a terribly good sex. And I shall have my drinks, ciggie and rest now. Have a good weekend ;)