Archive for year: 2006

The Not-So-Simple Rules of Trading

28 November, 2006 (14:33) | Journal, Trading Plan | By: Colin McGinley

This week’s edition of John Mauldin’s Thoughts from the Frontline newsletter includes some great information on the really long term view of the dollar against the euro. The dollar is currently in the same place it was 12 years ago. Plus c’est la meme chose, plus ça change.
Another interesting part of this [...]

Relief and disappointment

24 November, 2006 (22:14) | Journal | By: Colin McGinley

Some conflicting emotions this morning when I got to see what price action had been like overnight.
Relief that I got out of my short position yesterday when I did. Shifting my viewpoint to the possibility that a real breakout might actually be on the cards seems to have been vindicated.
Disappointment that price [...]

Know when to fold them

23 November, 2006 (19:38) | Journal, Trading Plan | By: Colin McGinley

This week is turning out to be a great time of self-analysis and learning. For too many months now my main currency pair has been stuck in a rut. It has certainly been an experience being trapped within a 400 pip range on EUR-USD; trading in a congestion range is an important skill [...]

Make money on PS3 and Wii

22 November, 2006 (10:13) | Journal | By: Colin McGinley

Looking to make some money with your newly purchased Sony Playstation 3 or Nintendo Wii?
The market dynamics of supply and demand are readily apparent this week with the release of under half a million units by Sony of their latest console, the Playstation 3, to rabid demand from gaming fanatic and entrepreneurial consumers.
Might there be [...]

Trading is hard

20 November, 2006 (15:48) | Journal | By: Colin McGinley

Trading is hard. Anyone who has put some time and effort into it should realise this.
Currency trading seems to be especially hard if the results of some of the big boys trading this year to date is anything to go by.
Bloomberg has an article today entitled Currency Bets Cripple Commodity Trading Advisers. A [...]