Rather disappointing Friday. On some fronts at least. The large moves I’ve been after – didn’t happen. Although a straddle on GBP-USD produced some gains. Next Friday I will try again and if that doesn’t produce results, following week as well. As a reminder, I’m looking for a strong directional moves lasting half a day or so. Something to remember.
Something came up and I had to walk away from the computer for some time last night. That effected my intended USD-CAD trade. I cancelled the buy order. My intended entry of 1.0280 was exceeded by about 17 pips. Then the price collapsed. I returned to my workstation about 2 hours ago and bought USD-CAD at 1.0251.

In all honesty I thought there would be a stronger reaction here to the upside, but it looks like I’m taking this trade into the weekend. Target here is 1.0290 and depending on what happens, maybe another trade from 1.0300 t0 1.0350. But that I will decide after the weekend. Right now my head is so full of numbers and chart images, there is no sense making any decision. Typical end of the week.
I will post something about overtrading tomorrow. It is another one of my articles which was published on numerous websites.
Have a great weekend!

Mike K.