Yes, that is very true believe it or not. The weekend has ended and we are now officially off to the races. Well for those that live in the Southern Hemisphere (that’s being a tad to general). I mean those traders who reside in the land of kangaroos and boomerangs, have been at it for awhile now. As have our friends in the Far East, they have been also getting the job done for a few hours as well.
Here on the west coast of the good ol’ U.S. of A, I am waiting for our Frankfurt and London counter parts to get going. With that another profitable trading week will begin. At the moment, we are about 10 minutes from the Frankfurt open. Our main trading pair, the Pound/Dollar looks like it has an upside bias. It has broken resistance at the 1.5390 area. And has broken further resistance at the 1.5466 area. Everything appears to be shaping up to go long. With that said, as a trader I now implement my chosen strategy that will express my opinion. It may be right or it may be wrong. You know my m.o., just trade what you see and in the end, if your chosen method of expression has proven itself. You would have joined the ranks of the ever elusive 5% of consistently profitable traders.
May the pips be at your back – PowerTrader
