Before we get to my first interesting pair for us to trade next week, Here and here are the final statements that put the combined accounts up for the week (with ONLY ONE DOWN WEEK since I opened them in December/January.)
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"First rule of business is never get emotional about stock (Forex), clouds the judgment."
Gordon Gekko in Wall St.
I could get emotional about sticking with my guns when the Dollar was being pounded at the beginning of the week. The press sure did...when Geithner blabbed about China's independent currency idea being a good one (which actually was well thought out), the Dollar wouldn't be good enough to be wallpaper, according to a lot of them. (One of my favorite sayings comes from Larry Levin who always says "trade well and follow the trend, not the so-called experts.")
Anyway, the trade triangles are still very bearish for this pair, but I will be looking for confirmation of this through the weekend...so stay tuned. Other pairs that look interesting are:
Gordon Gekko in Wall St.
I could get emotional about sticking with my guns when the Dollar was being pounded at the beginning of the week. The press sure did...when Geithner blabbed about China's independent currency idea being a good one (which actually was well thought out), the Dollar wouldn't be good enough to be wallpaper, according to a lot of them. (One of my favorite sayings comes from Larry Levin who always says "trade well and follow the trend, not the so-called experts.")
Anyway, the trade triangles are still very bearish for this pair, but I will be looking for confirmation of this through the weekend...so stay tuned. Other pairs that look interesting are:
- Euro/Swiss Franc
- Greenback/Yen
- Canadian Dollar pairs
AND because the equity markets are really tied into Forex lately: - The stock of the week
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