Iceland then who next....

well investors are fleeing Russia. Fear of sovereign debt defaults. IMF fund talk does give some credence to widening risk aversions and risk premiums have shown that. Actually what risk premiums ? Just get me out.... LOL No premium is high enough for the potential risks. So what happens when the IMF fund is officially announced. Well usd positive. Cos it gives emerging countries a conduit to exchange for usd. While all this is going on, has the bail out packages seep into alleviating anything yet? The chicken is running around frantically screaming... " cracks everywhere, cracks everywhere" PS. How come impact on LATAM countries not followed through ? All quiet there all of a sudden. Must pray for people who have aggressively accumulated Dinars in the hope of revaluation. Now this happens , i hope they learn that Hope is not a investing strategy. Lord have mercy upon your people who have fallen for the path of greed.

Missing Trades....

some days just not as sharp. Missed my trades in eur and gbp. Fortunately, got the aud and booked 51pips. Seem rather out of sorts today so must practice patience. Breathing excercise while watching. Added a tiny wee bit more... nett total 78 pips today. The only way to overcome a bad habit is to replace it with a good one. Many people go about the opposite way. Trying to get rid of it. But understand how habits are formed. Had a nice discussion on muscle memory with a gd friend last nite thru IM. When one develops good trading habits dun be kay kiang. Milk it and stick with it. But when one starts practising bad habits in trading and through dumb luck win a few times with it. It becomes a thorn in the flesh. Its like golf. Practice , Practice, Practice. We all have inherent talent . Why waste it. Thats why Ed Seykota said...." ...u get what u want from the markets.." Many people self sabotage. Its a deep seated trait / habit to lose $. One reason I can think of is ...." the love of $ is the root of all evil.." Understanding things from the mind's perspective to form logical, commonsense, reasons, is a double edged sword. Thats why my signature says..." get out of ur own way".

Expected bounce after lows made yesterday..

Waited almost half a day for the bounce to play out b4 selling again. 132 pips for londontime. Am getting slip shod as I forgot to put a sell order in eur and manage to only have half a position going at a lower level. Aud was the other sold today, but approached it by trading the retracemnent up. Maintaining short all the time. Kinda like massaging a position into a better average. Was told by my partner that I've been less aggressive trading for abt a year now. Hmm.... Complaint was my position size has gone down and forgetting to put orders in LOL think i upload some Omega3 tonite to help with memory. -)))

Thought I'd share something from the past...

The banking failures was actually prophesied about 3-6 months before it happened. Warnings from the Lord was given and why. I won't tell u why but I would tell you that the words Bear and Bull was mentioned. The first to go was bear stearns, then MLynch. Whats ML's slogan ? -)) At that point it was a guessing game who? But that was not the issue. The key was it was going to happen. Anyway, we are in good hands... PTL

Inspiration from friends...

always a blessing. Received an email from MKE when I woke up inspired me on his seriousness and ernest study of trading FX. Then 2 charts posted by two friends on eur and aud further inspired me . The journey need not be a "lonely" one , but fellow journeymen in the same pursuits gives much blessings. Clawed half back last night and covered the balance and more today. feeling blessed today. -)))

Revisted.....

the path of the U.S similar to japan. There will be talk re surfacing i reckon of massive rate adjustments downwards for the U.S. Market may factor in fed funds expectations which stands now at 1.5% , to much below 1% over the next 10 months. With current scenarios , its not unforseeable of another 50 bps adjustments very soon. This speculation should spread to the GBP and EUR also. This is not new or a Aha !!! moment. \Many traders must be expecting it somewhat already. Man! I must be running on pentium 3 today.

Search and destroy...

Both buy/ sell orders and stops on both ends got dealt today. Dun know what made me think I would be immune to it LOL Gave to the mkt 270 pips, what a start to the week. First losing day this month. Dang! Actually had an early warning sign that the soft side had changed. But did not heed it. Responsibility and accountability must be owned up to. Will stop myself out frm FX tonite . Tommorrow is another day -)))) Seen many of these search and destroy days before ... experience is definately wasted on me. Well still up for the month. What a consolation. Indices looking biddish all day. keep the profits there and call it a day.

A prayer for All..... especially traders

Dear Lord, I thank You for this day... I thank You for my being able to see and to hear this morning. I'm blessed because You are a forgiving God and an understanding God. You have done so much for me and You keep on blessing me. Forgive me this day for everything I have done, said or thought that was not pleasing to you. I ask now for Your forgiveness. Please keep me safe from all danger and harm. Help me to start t his day with a new attitude and plenty of gratitude. Let me make the best of each and every day to clear my mind so that I can hear from You. Please broaden my mind that I can accept all things. Let me not whine and whimper over things I have no control over. And It's the best response when I'm pushed beyond my limits. I know that when I can't pray, You listen to my heart. Continue to use me to do Your will. Continue to bless me that I may be a blessing to others. Keep me strong that I may help the weak... Keep me uplifted that I may have words of encouragement for others. I pray for those that are lost and can't find their way. I pray for those that are misjudged and misunderstood. I pray for those that don't believe. But I thank you that I believe. I believe that God changes people and God changes things. I pray for all my sisters and brothers. For each and every family member in their households. I pray for peace, love and joy in their homes that they are out of debt and all their needs are met. I pray that every eye that reads this knows there is no problem, circumstance, or situation greater than God. Every battle is in Your hands for You to fight. I pray that these words be received into the hearts of every eye that sees it.