Got home late last night from Vancouver, tired but content. It has been interesting experience. For all the attention that press gave to numerous glitches and mishaps which took place early on, one could have expected a disorganized mess. No such thing. For an event of such magnitude some imperfections are unavoidable, but they were easy to overcome. With couple of exceptions. Number one was the weather, but I don’t see how organizers can be blamed for the fact that winter decided to take a break and invited spring to fill in. Don’t get me wrong, it was pleasant, sunny for the most part, but I thought that it didn’t enhance the overall atmosphere of Winter Olympics.
The other problem was of our own doing. We didn’t fully appreciate traveling time between venues. Luck of preparation on our part, so we had to skip couple of events. In the end, though, I got to see what I really wanted to, including the final of large hill ski jump, speed skating, biathlon, ladies cross country, skeleton, type of sports that one can rarely, if ever, see on a world class level. And two hockey games. I had a ticket to the Canada-USA game yesterday, but my companions didn’t. Not wanting to go alone, I sold it and we all went to Russia-Chech Republic game. All said, I had a very good time.
I didn’t bother much with the markets during over last few days. Simply looked at quotes once a day, more through habit than any desire trade. No analytical work at all. It will take me couple of days before I evaluate developments of last few days and create a plan of action. For right now my trading is light, likely to pick up later in the week. Currently I’m looking at EUR-CAD on hourly chart.
Seems that Canadian Dollar just kept getting stronger last week. Probably because of people like me dropping pretty penny during the Olympics, in essence buying CAD and selling home currencies. Today’s action suggests possible reversal (all the tourists are going broke). This chart of EUR-CAD could be a candidate for long position if it moves above 1.4230. Should this happen a move of 120-130 pips could easily happen. At this point additional buying could considered.
For the next 3 weeks this blog will be updated less frequently. I am involved in a very interesting project which will demand a lot of my time. It is Forex related and once it’s completed I’ll talk more about it here. This will also effect my trading- fewer transactions. Time frames will not change, mostly hourly and 4H charts, but less activity and smaller position size.
Glad to learn you had good time in Vancouver. You probably made the right decision of only being there for a few days. I went to Greece in 2004.First few days were great but after about a week started to get enough of crowds and just wanted to leave. In general memories are good, but it was a little too much. I’d do it again, given the opportunity, but at much slower pace.
Hi Renata. I agree that it can be really trying. Probably the best way to go is to see maybe one event a day and then enjoy other activities. But for a few days I can stand fast pace.
good to get out in the sunshine with lots of people! So much stimuli.
I can’t wait to hear more about this project. I guess that will preclude what I was going to ask. I would love to know how you go about getting caught up. You know, like step by step what you do after a week off.
Basically I sit down and start going over the charts. And try to get my sleeping patterns in order.
[...] which way to go next. This was of interest to me, because of my focus on those currencies. I outlined a long trade in EUR-CAD in previous post and it happened. Order was filled yesterday and closed today, not that long [...]