Forex Diary week ending 17th Jan 2020

Friday morning .....


CHF Bull play of week ...although 100 pips is pretty lightweight for 4 days so far Yen is Bull play of week ...although again 100 pips is pretty lightweight

thats because GBP generally has been less volatile so far ......although it has swung 100 pips Bear to Bull in week which i have chased at times.............

the Complexity / Simplicity paradigm in Trading is what makes it so enigmatic and attractive to us......sometimes the market is so transparent and simple a 4 year old can make money ..........other times (more prevalent ?) it is wickedly complex and obtuse.....weaving traps that us mere mortal traders fall for again and again .....only to see the obvious patterns and opportunities in hindsight ...always hindsight .....

if you want guarantees then go buy a Washing machine with 5 year warranty .......Trading is certainly not the place to be !




10:10 am London


so far I chased Cable up from  3080s to highs of 3115s ......then eventually started selling at 3070s back to 3040s .....bear swing of some 70 pips on cable so far ...amazing action 

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