1. market conditions
Risk taking is running a bit over in this September. Particular Gold/US touched$1,300 level. S&P500 rebounded and broke the new high as well even though following with the negative fundamental eco news.
In the FX, all of the non-US currency pairs are running very well, except GBP/USD. AUD is the strongest and EUD follows. But all of them seem running out of strength now. It is the time to retrace now!!!!
The sovereign risk in the European is still high. The Ireland government is downgraded by Moody recently. But the market ignores this bad news and focus on the US quantitative easing now. It tries to deprecate the USD and boost US export. So I expect in the next 3 months you should see some good USD eco data and some bad eco data in European.
2. entry reason, time, price
AUD, EUD is retracing after European market starts.
Not good to open long or short now.
3. exit reason, time, price
4. Long or short trade?
5. conditions during trade
6. money management
7. chart attachment
8. That day’s weaknesses
9. That days strengths
10 Any other thoughts
Risk taking is running a bit over in this September. Particular Gold/US touched$1,300 level. S&P500 rebounded and broke the new high as well even though following with the negative fundamental eco news.
In the FX, all of the non-US currency pairs are running very well, except GBP/USD. AUD is the strongest and EUD follows. But all of them seem running out of strength now. It is the time to retrace now!!!!
The sovereign risk in the European is still high. The Ireland government is downgraded by Moody recently. But the market ignores this bad news and focus on the US quantitative easing now. It tries to deprecate the USD and boost US export. So I expect in the next 3 months you should see some good USD eco data and some bad eco data in European.
2. entry reason, time, price
AUD, EUD is retracing after European market starts.
Not good to open long or short now.
3. exit reason, time, price
4. Long or short trade?
5. conditions during trade
6. money management
7. chart attachment
8. That day’s weaknesses
9. That days strengths
10 Any other thoughts
