Sunday, May 9, 2010

Week Close (May 07)

A very sharp move in futures to currencies and major indexes.

Trading: I was trying to stay away from these big moves. Some places I missed the opportunity for entry and then decided its better to stay out rather getting eaten up by the market or in this case the markets just kept on going and going and going. Specially all major currencies had a pretty much straight fall (breaking lot of support levels). Dollar index rallied. Yen also gained a lot of strength against dollar in one day. Gold as usual broke and pushed above 1191 level.



Total traders 28
Losses 10
Profits 18

Total gain for the week: 3.44 percent

Win to Loss ratio: 64.2%

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