Weekly Analysis

This week I've gone into detail with the $/chf and the $/cad so we haven't moved through all the main pairs. Taking the time to explain some of these ideas or thoughts is often useful especially since most times I assume the fundamentals or mechanics are already understood, which isn't always the case. It's easy to assume things are more complicated than they actually are, or that we (or I) know more than we actually do. The simplicity of the situation and the ignorance we all possess as speculators has to be the first thing we consider before engaging with price action. It is a nice romantic ideal to view professional traders as geniuses or experts touched by god (or some such thing) but in reality we're all equally confused. One group is just better at managing the confusion. So the simplicity that is obvious (i think) in our thinking here in todays update on why we do what we do ought to demonstrate how unremarkable currency trading actually is.

Good Trading.