Sunday, September 4, 2011

Happy Sunday night to you!

The forex markets start back up Sunday nights at 4pm for my time zone (Asia open), so I like Sunday nights :)  Not seeing much in the way of trades at the moment to be honest...most trends seem to be about to retrace (against their trend) - not an ideal place to get in a trade.  I did decide to go long on GBPUSD, mostly because there is a good pin bar there, and even though it is against trend, I think there is enough room in that retracement for a profitable trade...then I'll switch sides and try to ride it down.  Ok, that's what would happen in a perfect world.  We'll see what actually happens!

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