May 07

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Friday 7th May 2010 – dangerous trading conditions

Writing this from my iPhone at Sta. On route to a night out, so excuse the brevity.

No trades today as I felt I could easily have wiped away my good work this week in a blink of an eye. With all the mega moves last night, the NFP and the fact that every 1m JPY move was 50pips, I rationlisec that it might be safer to stay out and observe.

So up on the week by 2%. I am sure there are those that managed double digit % increases in their equity this week. To you lot – very well done. Take next week off!!!

Have a good weekend

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