Hi,
Well I have tried a few trades this week and I just can't get anything to stick.
Either things are too weak to pull back (AUSSIE USD & AUSSIE CAD), or on the pull back the market changes its mind an reverses. (KIWI / USD)
In hindsight I could have been a bit more aggressive on the KIWI / USD trade and taken the short on the way back down, however I don't normally get aggressive and with it being Tuesday I thought I would get a better set up else where. In real time I felt it could break higher as Euro / USD and Cable did this morning.
I finish this week flat and next week will bring more opportunities.
We have some Red news items next week, with Bernanke speaking on Monday and a G7 meeting Tuesday which I am sure will gets us off to a decent start.
5% wont be far away.
Hope you have a good weekend and I will post again on Monday.
Best Regards
Scott
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