Oil and dollar are on everybody’s minds right now, so I will omit them. There is enough commentators around, analysing those to markets. All that reminds me of”beating a dead horse”, since, what everybody does, is repeating what somebody else said before. At the same time, there is life elsewhere. All of a sudden Yen showed some movement. Most importantly for me, the trade I posted yesterday came to a speedy and satisfactory conclusion.

I was planning a sell of CAD-CHF at 1.0150. I was only looking for quick 50 pips. Once the move started, target was reached very fast. There may  be another high probability trade in this pair setting up on 4H charts, but I’ll try to point it out on Sunday if I don’t find anything on shorter time scale.
I’m not planning to post anything tomorrow, or Saturday. Depending on how this project develops, I might designate Saturdays my official “off” day.
About a year ago I wrote and published an article titled “Why trade Forex?”. It was well received and found its way into numerous ezines. Because of its length, it comes in 2 parts. The reason I bringing it up is that I plan to post this article here, in this blog. Part One will be included on Sunday and part Two in a few days.
Have a great weekend!
Mike K.