USD Direction?

Market Report by TSA. Data provided by Reuters.

I had an updated email from Kalam which i have posted below todays post.

The credit concerns continue to grow at Citibank. The Dollar weakens even further and the USDCAD has been heading towards 9300 yesterday. I have no idea where the USD is heading but I am look for good day trading opportunities at present. Swing trading is not appropriate just now for my trading style.

Good luck today and well done again to you Kalam.

Hi traders,

This update is to stress how important a strategy is in trading and also the need to not get emotional during trading.

From Friday 26th October - Friday 2nd November i made a profit of £3044.41! This figure is great and is the most money that i personally have earned in that short amount of time but it should have been £5000. The reason why it is not £5000 is because i did not stick to my strategy and became emotional.
While in a trade i decided to cut my losses and that loss at that time happened to be £1300. Within 1 hour of me cutting my losses that trade did not go any lower and in actual fact it went to my profit target. WHAT HAD I DONE! Obviously I was saddened by the fact i made a stupid trading decision rather than loosing the money, but mistakes are good because they are a fantastic opportunity to learn, plus i was already up for the week.

Trust your analysis and strategies. Do not make decisions that go against your strategy otherwise you will not reep the rewrds.

Emotions should be expressed when your strategy works for you and you make that profit. or when listening to Celine Dion.

good luck with the trading.

Kalam