Friday, July 11, 2008

Markets Awake and Dollar Slumps Friday

European Session
No. of signal recommendations: 1
End-of-session results: AUD/USD (-20 pips)

100-pip System
Dynamic entries: No entry

The markets finally woke up after a long sleep. Today, we saw the US dollar index sank to the lowest level since 23 April. Unfortunately this time round, the "system" failed to spot those extraordinary trading opportunities. In fact, we were having the wrong technical bias the whole morning. Luckily, we didn't hold any position to buck the strong price trend. Nonetheless, an exciting day in the forex market.

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