Tuesday, October 17, 2006

Different Kind of Game

This rarely happens. I haven't started trading for the week yet and it is already late Tuesday evening. The reason is that I just couldn't find a good signal during my routine trading hours. GBP/USD, USD/JPY and USD/CHF markets have been trending since their openings on Sunday night, while USD/CAD is going nowhere at the moment.

This week, trading goes fundamental. There are too many major economic releases. I believe that the current trading conditions will yield best trading results for both position traders and scalpers. Not for me, I am not good at following trends as well as scalping. I am just a momentum daytrader who likes to trade the short-term breakout.

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