Monday, November 9, 2009

Back in the Ring, to Take Another Swing

EUR/USD, Daily

Double bottom here, huge one. Slow and steady uptrend since March. This has been coming for a long time. Ride it.

You know how parents have grand plans for their kids to become doctors or lawyers or whatever? Or how kids have dreams to be maybe dentists or teachers or pilots or something outlandish like astronauts? You hardly ever see any kid writing English compositions about how they want to be bankers or traders or oil barons or CEOs. Why? Because Business is a dirty world.

But I'm going to make my kid a hardcore trader. From the day he can count he'll be doing mental sums about bid-ask spreads and holding period yields and margin requirements. Plus minus times divide? Are you freaking kidding me? Are you a wimpy kid or what?

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