AdamFx42's Blog

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Looking to trade at market open tonight

I will be looking for an interesting trade tonight at market open
The UsdJpy move back above 1.10 last week is a bullish sign
I might invest in a Usd long
Eur has retraced a bit and looks like a reasonable buy from current levels
but I do not see against which currency to buy it ..
EurGbp is too high, EurUsd could stay flat, and EurAud and EurNzd look high too
We shall see at what levels market opens
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It's going to be tough to trade

It is going to be difficult to find another trade before the end of this month
I did give it my best shot this month
I am also thankful for the help I am receiving: 1 live subscriber and almost 100 demo subscribers
Thank you for your support :-)
Although I had a reasonable start this month
I had my reasons not to risk everything at the beginning of the month
If I had been short before the UK election results I would have had a couple 100K more now
But as it is I will need 200K+ to win the contes…
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Patience now required

Patience will now be required of me if I want to win the contest
I know what it is like - and more importantly, what it takes
to win the trader contest - it is never easy, and a amount of luck is required
I have to be patient and wait my turn now - there are a couple of large moves
still to come on the market - there always are .. every month ..
My business will be to recognize them and act accordingly
Fundamentally, I think Gbp will be the one to sell
It will have to pop its head up, though bef…
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