Hello everyone,

Today I haven’t taken any trade. In fact, I haven’t even looked at the charts. I had an early morning appointment with the dentist (one tooth has been given me problems for weeks!) and when I came back home I quite didn’t feel like trading at all to be frank. No lame excuses here: I was in pain and didn’t want to work one bit :p

Anyway, today is the last day of November and as usual it’s time for me to sum up the month. It’s been a difficult month in all fairness. In fact, by the middle of the month I was sitting at an uncomfortable breakeven. At that point I decided to take few days off on holidays to re-freshen up and upon return I scored two nice trades for 100+ pips each that saved the month. Both were short entries on AUDCHF which has been probably the best trending pair as of lately. That’s why one of Golden Rules of Sensible Trading is “patience, young grasshopper” - if there’s nothing you like on your charts, the best decision is to shut down your trading station and walk away for the day. Sooner or later the right setup will present itself and you must have your capital intact if you want to profit from it. As a matter of fact, a good motto for this business would be:

“Forex trading: surviving the chop, exploiting the trend.”

All in all, the net results for November 2007 has been +278 pips.

Hello December, nice to see you again!


-HECTOR-