Chilly Willy

I was totally expecting the GOL to say: "you diva, me Sultan" today. But instead, there was a bit of a tepid reception. Not that I got into any trade. I decided to keep my trading legs crossed at the right moment by setting a buy order for two potential falling knives - one on GBP/USD at 1.435 and one on a JPY cross, which shall remain anonymous.

During my Lunchtime Fun session, I was in serious contemplation about what I should do next. I checked all of the major indices. Nikkei... FTSE... US equities futures... all lukewarm at best. Gold and oil weren't looking too promising either. So, at that point, I decided, if I'm going to continue with the false modesty strategy, this is the best moment to do it. If I catch GBP/USD at 1.435, my risk is relatively contained. I set prices at varying corresponding levels so that I'll have all the fun if they both start moving in my direction whilst at the same time minimising risk if I should end up catching both if the market was destined for a reversal.

I'm still waiting here for my Forex Kings, the Royal GOL, to drive back this way and sweep me off my newly pedicured feet.

My portfolio was all Chilly Willy today instead of Oh, your preeminence:

+0.46% on the SBA
-0.68% on the Roth IRA

The big question is if this is the mummy/Mommy/Mother Dear of all fakeouts. Is the economy finally going to head up? Who else has got debt problems left to scare everyone out? We had colossal failure moments in the US, Dubai, and Europe.

Now, every once in a while, some rumblings regarding Japan would pop up in the financial press.

Are we going to get that one final excuse before we hit those pre-crisis levels? Or am I jumping to conclusions here? We can hardly stay above 52WHs for long...

Win some, bank some, I say!

The key to success is passing the test...
The key to success is wearing the right dress...
The key to success is not becoming distressed...