Jun 30 2008
Today's Thoughts: Sometimes we ALL Need a Break
It's one of those weeks. Not only is it scorching in Vancouver (high 20sC and high 80sF - I think - and please save the ridicule for other people - this is too hot for me), but it's also holiday week (Canada Day and Independence Day in North America).
That said, there are always thoughts I have everyday.
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++ ROB BOOKER: Maybe it's just me - actually no it isn't - but Rob Booker has been posting like a maniac recently all over the place. I'm sure FXstreet told him to get his act together for his Postcards from the Edge blog (as he was posting so infrequently). But I looked at his thoughts today on the GBP/JPY, and thought, huh?!? He would LIKE to see it go down, and he noted two concerns. This is typical, "anyone can post this info" type of material. Rob can do better than this. I've said it before, he does WAYYYY too much and sometimes he loses his focus and edge.
++ BE PREPARED: Next time your Internet goes down, and you're in some short-term trades your life will pass before your eyes. Well maybe not that dramatic. I made the point of being prepared to a group last week, and I have come across a great read on being prepared.
++ THE FALL OF CABLE: Music to my ears.
++ 5 FOREX MARKET EVENTS FOR THIS WEEK: Quite honestly the only one I care about is Non-Farm Payroll, which we have a free webinar on, but take a look at the other four (3 of which are still upcoming).
++ BREAK: I had to take a quick break to run down to Costco seeing as tomorrow is Canada Day and I needed to pick up a few things for our festivities. It always amazes me how Costco closes at 8:30 p.m. and there are always people scurrying around closing time while Costco employees block aisles and turn us towards the registers. With the looming holiday, though, there was no shooing away.
++ INSIGHT FROM A HEDGE FUND MANAGER COACH: Very interesting read. As you continue to shape your mind and commit yourself to a trader you need to "subject" yourself to relevant thoughts that will help to progress you on your trading path, instead of getting continually distracted by trading babble by trading babbilonians everywhere. Brett Steenbarger always has substance.





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