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| Cover of Friday (New Line Platinum Series) |
It is Friday today, the last trading day of
the week. Till now the market has not come down, the way I expected it to.
But that does not make me worry. That is because though it has not
started falling, but also it has not gone up too.
Today the daily high till now has been not much; the market barely
managed to touch the 1.3390 levels.
Right now I only see a difference of a mere 20 pips in the pair's
highest and lowest levels of the day.
Seeing the upward movement of the market yesterday, I pumped some
credit into my trading account to create a buffer in case the margin in my
account starts dropping.
In fact the market did not cross the 1.3401 levels since
yesterday; but pumping money really helped in keeping my peace of mine.
I know I could have easily opened a BUY deal, but I am strictly
not in for hedging.
That is something I seriously prohibit. That is one mistake that
newbie traders offer indulge in, which actually makes them lose more money.
Anyway, I am now off for a weekend, as today I have to go out and
wish all my friends a happy Eid.
I will now post in the coming week. But if I find time tomorrow,
then I will post something on the tutorial.
I do not think it would be worth putting up a post this week on a
weekly roundup on earnings, because this week I have not earned a single penny
with my trading.
I hope the coming week will bring in profits and lots of winning
pips.
Now talking of announcements, there was just one related to the
Eurozone, which turned out to be a negative one for them. Though, that
particular news did not do much to the market.
Since there is no other event lined up for the day, I therefore
take a break from trading for 2 days.
I shall be back on Monday, till then enjoy the festivities of Eid
and stay happy.
