Pick of the Day: None

Even the best of traders have their slumps (not to say I’m anywhere near the best). Look at Barry Bonds. So what does a trader do to combat a losing streak……Stop Trading! And that’s what I’m going to do. It’s been a rough week, not just for myself, but for a lot of traders I follow. We’ve seen the dollar sell off for the past few weeks, and now it looks like we’re in ranging, uncertainty mode. What’s going to happen with interest rates? Are commodities going to continue to rise? What’s going to happen in Iran? Is China ever going to play fair with their currency? Who knows. All I know is that it’s time to take a step back, take a breather, and come back later refreshed. So, that’s what I’m going to do…take a weekend off and relax!

For those of you still needing something, check out my new signals blog. I’m posting the trades and results of a new signal system I’ve been working on for the European/US trading session. The system details will not be posted; it’s more of a record of the results. I will not post this evening, but I just wanted to let you know. Check it out!