I’m back! Though it’s already the middle of the trading week, it’s better late than never. I haven’t fully recovered yet from my bouts of cold and flu, but I’m feeling better now. These are the times (in GMT +8) I’ll be watching for in the following days:
So basically I started and continued this week on the green, and ended on the red, all thanks to me being an idiot and deciding to join the Friday NFP carnage. I would have actually survived if only I followed and waited for the levels I initially set here instead of jumping off the US Non-Farm Payroll cliff, or jumped but followed the strategy here and not trading like a drunken cat.
Anyway, here’s how my week went in detail:
This could have been posted already yesterday but my WiFi had been so crappy. Anyway, I’m looking closely at selling GBPUSD and AUDUSD, and buying EURGBP, NZDUSD, XAUUSD, XAGUSD. We’ll see how it goes this week, especially during the release of US Nonfarm Payroll Report this coming Friday which I expect to have some recovery. Whether it’s anywhere near the 180k consensus, who knows, I’ll just keep an eye on the news and Economic Calendar.
These are the zones I’m monitoring for the week:
Also, contrary to my initial belief about George Soros betting against the pound once more, he’s actually one of the people supporting Bremain this time. It’s unclear whether he bet against Brexit, but his Soros Fund Management gained a lot after gold rose sharply last Friday. Other fund managers were also surprised about Brexit winning (sort of a consolation for me for also expecting that Bremain camp would win haha).
I haven’t expected the Leave camp to actually win especially the Remain camp had been leading the polls ever since a labour MP got murdered by some neo-nazi fanatic a week or 2 ago. Not that I side with the Remain camp though, I’m actually neutral because there are pros and cons on both sides.
Image from Dr. Lez Sach
Since I’m no British economy expert and I don’t even live there or anywhere in Europe (I live in Asia lol), if British people have a hard time deciding which is better, then all the more I am.
I did some basic research and here’s a nice article from Telegraph summarizing the arguments of both the leave and exit camps:
Taylor Swift image from vulture.com
I’m definitely learning from her when it comes to letting go of my artsy dreams to simply focus on trading (maybe I’ll do arts and fashion design stuff on my next life, but then I also wanted to be a CERN scientist especially once time travel is invented, but I digress). For the record, I’m not a fan of her as a singer and even hate her repetitive songs about exes, but I like her strength especially when she dusts herself off and tries again, instead of wallowing in self-pity.