Good Day To Trade Forex

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By Benny Nardino | December 28, 2005

Like the cowboys would always “It’s a good day to die..” I’ll say, ‘it’s good day to trade’. This morning I never really had any trading opportunity because it did not suit my trading plan. However, as the unfolds it became apparent that there was something for everyone. The US economic report (consumer confidence) which was better than expected was a catalyst to this afternoon’s serving up trading opportunities across various currency pairs.

As the chart suggests, I never quite got my wish but I was in profit. I took my position at 203.42 and exited at 202.59 with my limit set at 202.45. I managed 83pips. I was left rueling my early exit at 202.59 when the market had a touched down at 201.79 less than half an hour later. Experience had taught me that you can’t win them all. Whatever the case, I was still better off than my daily target of 50 pips..

Merry Christmas and a prosperous New Year..

Nardino

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