The London Open

[Dan007]

One of those days!!!!

Dan007

[Dan007]

Hi all

As discussed this morning, the Indices had the expected retracement with the break of the 20ma...

Will be interesting to see how the DOW moves the rest of the market ...

Hopefully bring life into it!!!

Dan007

[Gordy]

Nice work Dan. Spot on as usual....!!!

[rollingstone]

Hi Dan

Please could you cover trading around data in tomorrow's Education Seminar.

We don't need to cover languages though, Le Pimp has got French covered in the Live Room.

Thanks
Fran

[Dan007]

Hi Rollingstone.

Yes we sure can...

Lesson to learn today is that it is important to remain very positive around poor markets. Do not over trade and do not go looking for trades... If they aren't obvious, quite simply do not trade them.

Pips will naturally come if you are patient. Anyone who waits all day for them, will lose, over trade and make mistakes.

See you tom.

Dan007

[rollingstone]

Originally Posted by Dan007

Hi Rollingstone.

Yes we sure can...

Lesson to learn today is that it is important to remain very positive around poor markets. Do not over trade and do not go looking for trades... If they aren't obvious, quite simply do not trade them.

Pips will naturally come if you are patient. Anyone who waits all day for them, will lose, over trade and make mistakes.

See you tom.

Dan007

Thanks Dan

Wise words indeed from the master.

F

"Heed only the level voice of experience and the counsel of common sense"

[ChrisFx]

Hi Dan,

Just sounds like me today, so frustrating when everything is chopping and changing.

Chris

[johnh]

Hi Guys
I.m short usd/jpy and it's like watching paint dry

[ChrisFx]

think you might be up all night unless gold moves

[Dan007]

Hi all

John you have summed up the market...Ask yourself why u r in the trade if it isnt going anywhere???

I have spoken to friends in the market and they are blown away with what is happening. The credit crunch is here unfortunately and here quicker than expected.

Heads remain high and we get in and out where we can, but we have to change for market conditions... 25 points on one trade is probably a good target now...

Lets hope for volatility over night now and see what tomorrow brings..

Positivity remains high still..

Dan007