Archive for month: June, 2006

Cutting losses

13 June, 2006 (20:13) | Journal | By: Colin McGinley

Today was a day for cutting losses.  There is increasing chatter from the talking heads that the Fed has talked itself into raising integer rates again at the end of the month.  This lends strength to the dollar.
Dirk shifted to this viewpoint as well today.  There is now a good chance that we’ll [...]

World Cup fever

9 June, 2006 (22:01) | Journal | By: Colin McGinley

After sending yesterday’s journal entry to Dirk for review he recommends to only buy one dip a day.  That advice goes hand-in-hand with waiting for the drop to exhaust itself out.
Today I had an entry limit hit at the birthday level just above the median boundry.  I was too pre-occupied in getting ready to watch [...]

Catching the falling knife

8 June, 2006 (21:52) | Journal | By: Colin McGinley

An interesting day today.  Dirk said to wait for the ECB policy statement before making any entries today as there could be some downward movement, even resulting in a return to Q1 territory.  Well he was right.
The interesting part comes in how I handled it.  I remember in my first 4-6 weeks of [...]

FX Solutions account update

7 June, 2006 (20:35) | Brokers, Journal | By: Colin McGinley

My FXSol account was successfully updated yesterday to switch to having DayForex as my Introducing Broker.  This is the only continued cost to receive Dirk’s Daily Briefing e-mails.
I entered a Q3 position as price approached the median price.

Price has continued to meander downwards since; pretty listlessly.  We’ll most likely only get some action when the [...]

The goal myth

3 June, 2006 (16:34) | Books, Psychology | By: Colin McGinley

I here gone back to the ‘Goal Myth’ chapter in ‘The Spirituality of Success’, as on my first read through I grasped that Vinny was saying that goals could result in negative thinking (due to your mind constantly having to focus on your lack off not having what you want), but I did not get how [...]