Nothing much this week. Disappointed with how things are so far, but can only blame myself for being unskilled in short term trading.
Gold is still within that irritating range, with the market most likely waiting for FOMC announcement 2 weeks later before making any moves. I had opened another 0.08 lots of GBP/USD again, seeing that I am unable to earn from gold due to its relatively stagnant behaviour. The DOT remains frustratingly weak, just like the USD, without any signs of recovery.
On the long term investment wise, Three Gorges Renewables (600905) fell to a low of 4.17, but I had no funds to enter as I had used it to top up my trading account. The funds used for my side trading and investments are from my side income. I do not use my main income for it as I have other plans, and do not want to come to a situation where I have to forcibly sell my portfolio at a loss because I need the cash.
Welfare pack for this week:
Download this week’s CFTC Commitment of Traders (big monies) analysis here.
Read more on what is the CFTC Commitment of Traders report.
Do note that the financial markets are volatile and unpredictable. The above report is only another set of tools to help with our analysis, and by no means is a 100% indicator as to what will follow. It should be used together with other necessary research which a trader or investor should do.
