3 trades this week in the negative as seen below. This was a different week as I was on the East Coast, but I think the timing was coordinated accurately to enter at the market openings. The first one, USDJPY was entered around 1530, so it lasted 3.5 hrs. EURUSD lasted from 0900-1315, so 4.25 hrs, and the last USDJPY lasted 10hrs.
Checking the fundamental announcements JPY, USD, and EUR for this past week, nothing jumps out. What’s interesting the is the USDJPY jump that I noticed. A quick look into some forex news and it some analysts attribute the rally to the political scene in America.
Beyond that, I’ve been looking into Oanda, IG, and other forex brokers this week. A good review of their legal disclosures has been very helpful in understanding who to go with in the near future. That's my assignment next week along with continuing in the same procedure. The balance is $125,671, which is a 26% overall gain so far.
I finished book #42(?) this week, Mastering Market Timing (2012). It was all about technical analysis. One interesting take-a-way involved using the same indicators on large and small time frames. Also, I enjoyed the discussion on previous bottoms and tops throughout the years; bear from '80-'82 sticks out, and of course the crash of 2008/. It's interesting to explore the different analyzes given toward the same event from multiple perspectives. Overall, everything's clear in retrospect, all taken with a grain of salt.
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