Wednesday, December 13, 2006

Stay out of the waters.....

I am expecting a quiet day (and tomorrow also) as few economic numbers, and even fewer of any significance should keep the dollar little changed. I am still on the sidelines waiting for a stronger conviction before entering the markets. Patience is very important in these type of markets as I find that with lack of conviction comes uncertainty in my positions and I tend to stop myself out my frequently. Basically throwing money away just so that "I am in the market". For now I am not.

I will still be looking to

Sell 1.3340-50
Stop and go long at 1.3370



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