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Wednesday, 18 March 2009

EUR a strong girl.....

Good evening ladies in gentlemen

I hope you all had a prosperous and loving day in the markets. It's amazing how the weather affects people. The sun is shining, shorts and skirts are out in full effect, people are smiling, people have patience on the road and are generally all round NICE! Almost a week of good weather!! I must be dreaming!! Anyways come rain come shine I hope you all love getting up in the morning as much we do!!??

So the EURUSD, didn't she do well and the girl was full of loving today! As said by JM Bijal on our sister website, the SM would be ready with the appropriate love taking tools as an opportunity presents itself as we are never 100% sure what the market will do. We can only prepare ourselves as best as possible and wait for what the market has in store for us!

With divergences on multiple timeframes, stochastics in the OB area, the R line and the RN and the previous dojis showing indecision it would not be wrong to have looked for shorting opportunities. However, today was one of those days the market felt like going against the grain but is this a FBO!? WOW!!!!! Literally, at the time of writing this sentence important news out in the evening has caused todays bar to surge straight through the next R line!! WOW! What a treat!!! I had to take a few moments to manage my trade and just got stopped out at a whopping 300 pips!! Hope you all managed to get some of the spoils!!! Remember as technical traders, we have to be aware of the fundamentals coming out on a daily basis and stay out or manage accordingly!!



As I was saying, the SM amongst us would be ready to handle any situation as we know that market is always right! Below is the 15 chart. I have some questions for you to answer.

1. If you were up early enough, did you have an opportunity to go short?

2. Was there another opportunity to go short after that?

3. The SM are ready for everything! Where would they have gone long?

Richard you crack me up. I am quite talented but you haven't seen me ice skate!!!
The answer to my riddle was "I can't = I must"!! It applies to all aspects of our lives and is very relevant to trading. Defeat is temporary and like a true JMA, I expect you to bounce back sir!
Today's riddle is "_____ and I must make it ______"!
Wow what an evening! I am off to recharge with some chicken!
Abundance is your Birth Right!
Zaheer Anwari