Back to Trading the Financial Markets
It seems as though it’s been a long time since I last trade and indeed it has… I’ve been extremely busy with moving homes and running various projects. The great thing about the markets is that they are not going anywhere… they are always here and I can always trade. However, a bit like exercise.. if you don’t keep it up, you get unfit! However, if you have put in a lot of time into trading, the rot isn’t so bad so you should be able to get back into it.
As an experiment, I’m rather interested in how my trading will be after this period away from the markets. Unlike exercise where you can see the various effects of your body when not exercising.. ie flabby belly, double chin.. it’s not that easy to see how your trading ability has changed since the last time.
I’ve fired up my trading platform today to have a look and nothing stands out at me… It looks as though the markets have pulled back today and there is no safe entry in anything that I am seeing.
A couple of observations however… a downtrend is a series of lower lows and lower highs. In the Daily chart on the Euro (EUR/USD), the previous lower high has been penetrated.. we could be seeing a possible trend change here. The same thing for oil.. the market has been in a downtrend since May but looks like it may be on the up now.
Not much more I’m afraid but I hope to be back to looking at the markets and posting again. On another note, the blog has been gaining ground.. I’ve noticed that I’ve got a lot more readers and traffic and recently, I got a note from someone to say that my blog is within the top 50 UK finance blogs which is great news! To look at table of UK finance blogs, look here: http://www.sterlingeffort.com/uk-personal-finance-blogs
