Summer

The dog days of summer are here. It was an uneventful week @ The FXGrail. Typical of the summer months. Throw in the is it or isn't it US economic recovery and you have not much of anything. Sitting back, drinking Margaritas and waiting for the trades to come.

Uneventful Forex

It was an uneventful end to the forex trading week. We at The FXGrail are looking at a couple of scenarios for the beginning of the week. Could be a profitable forex week. Just waiting patiently as the trades make their way to us.



FREE MLB WINNERS FROM THE MONARCH

Patience

The charts are looking quite nice today. I see a few very nice grail trades setting up. To be a success in this business you must be patient. Everybody wants to trade forex, but trading to trade is the quickest way to be not trading forex. Every forex system or set-up requires the same thing to be successful. Patience. Without patience you will fail. Wait for the trade to come to you!

Publish Post

China

So China is rattling their swords again about a new world currency. Nothing to see here folks, move along. Fortunately for the USA the Chinese government has a tremendous amount of US dollars in reserve and a huge amount of our debt. Do you really think that they are going to let the buck become the peso. Nope, will not happen. China needs a decently priced dollar or they will be holding a ton of useless debt.

Nothing more to see!

Lets Roll

Hope all had a wonderful little summer break. Unemployment still sucks, the stock market still sucks, the economy aint rebounding to fast, and Forex still makes me money.

Funny thing how that works. The world goes in the crapper and we still make scratch. Excellent gig, this currency trading thing. Take a look at the EUR/USD, easy range trading since mid may. Very profitable. GBP/USD-same thing. Easy pickings my friends, easy pickings.

On a more somber note it is sad to see Michael Jackson go!

Yeah

It has been a very profitable early summer. Starting after the holiday we will get back to updating this blog on a regular basis. Hope you all enjoy it!