Friday, February 26, 2010

Signing off for the week


Momentum is the life blood of any financial market. If the market doesn't move, well, there won't be any potential profit (or loss).

I closed my usd.jpy trade for BE, as this pair clearly has no momentum, and just wafting along aimlessly.

Clearly, the big boys are sitting on their hands, waiting for something to occur, before showing their hands again. I suspect it could be the news that is due to be reported in the later part of the day.

So if the big boys are gun-shy, so will I......especially with today being a Friday.

There's always another trade to catch.

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