February 2014

As you'll remember in my previous post of 2 Weeks ago I gave details of 5 currency pairs each demonstrating early stages of set-ups I tend to follow before entering a trade. As things stand I've not entered trades in any of them as yet. For one of them I missed the chance as the move began overnight therefore making the risk/reward ratio a little less favourable, one I forgot about, one didn't play out as expected, one still hasn't finished the set-up and one is very close to decision making time.

An unreliable internet connection has kept me from Trading for yet another Week but suddenly today its started working fine again despite no work being carried out on my line. In view of the Weeks of torrential rain followed by a single sunny and very windy day one can only assume the problems could be weather related. One of the most common subjects I'm emailed about is that of creating a system to notify readers immediately when I enter a trade.

Over the last Week I've had significant problems with internet connection drop-outs which have prevented me from trading. Of the 3 potential trades in my previous post EUR:JPY soon became the favourite and an ideal short entry target was achieved on the spike following the Turkey interest rate decision. Unfortunately I didn't even have the bandwidth to log into my trading platform to enter the trade and then attempted to take the trade from my phone only to be blocked due to being "logged in elsewhere". That trade has since hit my downside target (1.47 region) and therefore the opportunity is missed.