My Big Fat Greek Wedding, Not !

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Good Morning Guys,

Have we been having fun since Friday ? If you ever listen to some of Jim Rodgers interviews on You Tube you will hear him say that the "Greeks" should have been told to sort their own mess out, instead Euro are going to bail them out and the news sent a tsunami through our trades.

Like a tsunami many traders have been left devastated that their profits have gone and stops triggered. Others fearing for the worse have cashed in their trades before they lose any more and all rules have gone out the window.

Anyone can hold the rudder when the sea is calm.

As I write I am still in all 25 trades that were in place previous to Friday, yes my profits have been reduced, but I am still in the trades and holding onto my friend the TREND.

Rules were set in your trading plans and your analysis made to enter your trades, therefore what risk that was taken was calculated and one that you were happy to take.

Lets see how the rest of the week pans out.

Talking of panning, GOLD was looked at in the last blog and price has also pulled back over the last couple of days. This could provide us an entry into the trade of which the trend is UP and listening to Jim Rodgers talk about Gold, he reckons 2000 by the end of the century. Now that is what we would call long term trading !

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Please do your own analysis before entering a trade.

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Trade with Passion

John Maher
Forex Analyst

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