Take what the Forex Gives. Thursday Sept 28

Well, yesterday was a slow day. The forex markets didn't trade the movement that I like to see so it was a day I did trade but very lightly.

I had 3 trades.

EUR/CHF it was a 12 pip Winner but very small trade.

GBP/AUD it finished up 7 pips, on BOM you needed up 8 to win. Forex probably a small profit or breakeven. (Medium size trade)

GBP/YEN it finished 4 pip winner, on BOM you needed to win by 7 pips. Forex probably a small profit or breakeven. (Very small trade)

So overall a small profit or breakeven type day on forex.

A small losing day if taking just BOM (betonmarkets) The point is though is you got to take what the forex will give you. I chatted with those on yahoo messenger yesterday about the movements and action of the forex market. That the range wasn't what I liked to see. And that being the case we would trade lightly that day. Their will always be tomorrow or the next day to trade. There is no point of forcing a trade just to trade. If you want to trade on these types of days its best to trade them lightly.

Their are lots of good trading days with this software and yesterday wasn't one of them. Even though all 3 trades finished in the positive pip range. None of them were home runs.

On days like those its good to preserve your capital for the GOOD days. And that comes from the ebook as I describe which trades are best on which days but I also give a huge tip on the range movement for the day. And when we see that kind of movement and we have a good day historically you can be much more confident with that trade.

On to today's trading.

Thursday historically is a lightly day for our software. (Though it may not be today due to the fact that yesterdays action wasn't the best. But we will take what the forex gives.)

2 currency pairs have historically performed well on Thursdays.

AUD/USD

GBP/USD

It looks like the scheduled news of the day is already out for today.

It looks like some nice moves have happened already today so we could be ready for some nice software moves today. ( http://www.lazytrading.com/ )

Have a great trading day.

Steve Hoven