Good Afternoon Traders and Investors,
We had one nice move in the forex markets. When the stock market moved from up 40 to down 20, the dollar strengthened nicely (see relationship based trading!) and I was able to catch most of the move.
I thought the equity markets would continue south so I held on to a portion of it while I was on with my Midwest clients, but alas... the stock market rebounded (see beachball in water effect!) and I was taken out of the final part of the trade. Still hanging on to a short USD/CAD play and looking for a rise to the 1.0300 handle.
I will be back on Friday for unemployment (fingers crossed for downside surprise) as the next few days are hectic. Holiday dinner, friends from Pittsburgh, sister-in-law, and snow, snow, snow.
Could this be it? Could we get 2 feet to end the season? Deer Valley will be rocking as all hosts are on deck for a large corporate booking so I am sure the markets will do something more significant tomorrow and Thursday - just my luck!
Have fun and trade smart - remember your risk management and portfolio management. If you overtrade your size and don't find the right timing for your strategy/trading style, you are going to be in a world of trouble!
K-I-S-S! Keep it simple stupid and stay true to your trading plan!
Have a great couple days and Go DUKE and BUTLER
Oh yeah, remember to Be Environmentally Cool with Locals Have More Fun apparel
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