Archive for month: April, 2011

Royal

29 April, 2011 (13:06) | Journal | By: Colin McGinley

You know what’s a royal pain in the ass? Getting up on time in the morning and then collapsing to the floor in agony while trying to get to the computer room to begin trading.
Such is the sequence of events that befell me yesterday morning. My back gave out on me completely [...]

Safe

27 April, 2011 (15:12) | Journal | By: Colin McGinley

Today looked like being a full on range day. Just look at the price action leading up to my trading hour at 6:00 EDT. Obviously all the action was in other currency pairs this morning.

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Sneeze

26 April, 2011 (16:00) | Journal | By: Colin McGinley

Something which I had forgotten but was unfortunately reminded to me over the Easter break is just how painful it is to sneeze when you have lower back pain. You wouldn’t think you’d use a lot of your body’s muscles when you sneeze, but oh boy, you’d be wrong.
There was no single event or [...]

Magic

21 April, 2011 (16:22) | Journal | By: Colin McGinley

Any sufficiently advanced technology is indistinguishable from magic.
Arthur C. Clarke, “Profiles of The Future”, 1961 (Clarke’s third law)
I was prepared for it to be a relatively quiet morning but was pleasantly surprised when it turned out to be anything but. The euro bulls were out in force during the Tokyo session (mainly reserve diversification [...]

Rocket

20 April, 2011 (16:40) | Journal | By: Colin McGinley

The ability for the euro to take a few knocks but make a comeback continues. A bailout for Portugal. Greek debt restructuring turning from rumours to whispers. All good!
The earlier part of the London session saw EUR/USD bouncing off the resistance level of 1.4515 which was created over multiple days [...]