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Tuesday, June 3, 2008

Diary of a Novice Forex Trader

Last week there were signs of a return to Dollar weakness, but the dip in crude oil prices has given a tentative bid to the greenback.
Not everyone’s cup of tea, but Thatcher had more balls than any of her successors. And this latest bunch of ‘Britain’s got no talent’ try to make a virtue out of U-turns, saying that they’re always ready to listen. For starters that’s not government it’s appeasement. Secondly, this Country hasn’t got the finances for them to keep on ‘listening’. Better to pander to the Sun and cut taxes on gas-guzzlers. The price of diesel at over 120p a litre is shocking and must be hitting hauliers hard. So I was surprised to read of a load of lorry-drivers wasting a tank full on a trip from the South-west up to London, just to block a road.
It was a great display of raw grit and determination; the description of ‘more streetwise’ was a touch harsh, though I reckon Lee Mears couldn’t believe his luck in escaping the sin bin when the touch judge couldn’t identify him.
There’s not a lot of trading to speak of in this shortened Bank Holiday week. I lost a scrap, 25 pips, in real trading whilst making a pretend 75 pips trialling one of my external forex systems. My year to date total slipped to 4956 pips. The Chimp lost a net 100 pips, taking his loss to –1600.

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