Sunday, October 2, 2011

Bearish tone going into the first week of October....

Well, the market opens 6:00 P.M., Sunday....Sterling closed friday at: 1.5589 which is bearish, and the Euro closed: 1.3394, which is very bearish. Oh by the way I had 1 Sterling  at 1.5590, not really trading Friday, I had to take a loss on that trade of 150 pips to close the week... Yes poor trade on my part, I had a profit on Thurday and should had taken it... It's very important to keep your losses low in this market 10 to 15 pips, I don't care how big your account size is... Beware of Ego.... It happens.... Follow or Trade with the trend, or don't trade... stay in the NOW, while trading....

The first week of the month, YES!, so what's up!, Friday......., volume maybe low this week, everyone will be waiting for friday...Best to be smart and wait, or trade, in super scalp mode...USD.. maybe strong this week before Friday....www.createspace.com/3597011

Has anyone notice the price of gas or the Oil in the USA, it's been going down, I went by a gas station and saw gas at $3.23, that's low!, Our Oil barrels in the market are around $80.00, that's too low, it must be Gov't, regulation or something, in London, their around, $110-100 a barrel...., If prices are going to be regulated, and continue, to go down, the Dow continues to fall, the Sterling falls, We will be heading towards the "Double Dip"...... Unemployment will raise.....  Where will the  MONEY flow??, I know, but lets wait and see..., October will be a serious month in the Financial World.......

Oh, how Dovish, we are........it's a shame....http://www.speedtrader24.com/

Thank you for your time and have a great day......

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