I spent most of the day starring at the screen and not doing much. Only took about a third of the trades I usually have per day, and even those were without much conviction, or orders were not filled. Perfect example are potential trades are posted here yesterday. They didn’t happen. Both pairs came within very few pips of being executed, but not quite. Well, this is the way it goes sometimes.

And here is the other one.

By the way, these orders are still valid and I keep them active for now.
Despite slow down over last couple of days, I had a good week. First few trades I mentioned here were good size winners, so on the balance there is nothing to complain. Yesterday I mentioned that our lawmakers reached a deal on the bailout of troubled financial institutions. That report was premature, as it turned out. The agreement has not been reached, is not ironed out or something like that. In the meantime another bank failed, this time it is Washington Mutual. The biggest bank failure in US history. Also happens to be the one where I have my basic accounts. JP Morgan Chase bought it, so that is my new bank now.
I never had too much money in any one account, so there is nothing to worry about, money is safe. There is an irony here, though. It would have been a sacrilege for them to misappropriate my money – no help needed, I can do that very well myself, happened many times before.
Time for a break, have a great weekend!

Mike K.