I had been intending to keep up with my entries knowing that a select few were reading this, but I came to the point of losing the plot with my trading. Since March of this year nothing I have done has come right-the facile view that the markets simply go up all the time seems to be the correct view, and perhaps I try and over complicate things.
Indicators and chart patterns however seem to have failed the great and the good and this bizarre market action just serves to make me even more suspicious. Logic and the markets however are not bedfellows, and I recall a few lengthy periods when markets refused to pull back.
The end of October gave a small respite but I was already in a market neutral position, that could have done a lot better had I not been so fearful.
Somehow being unable to 'see' trades is more frustrating than sitting on a loser( or short calls as they are known)
I have failed to get the break I needed, so still lacking in application.
On the plus side looking at longer term forex trades is promising, and an intra day futures method had until last week been performing amazingly well.
When and if I have something meaningful to say I will post it here- meanwhile the anarchist in me has put in a Freedom of Information Act request to discover RBS's debt positions, and why some of them may have been 'written off'
They have until 10th Dec to comply.
Monday, 16 November 2009
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