Slow Trader Diary – week 28

On the sharemarket there have been a few short-term moves up –  Alexion Pharmaceuticals, AON and Prudential were our best opportunities. However, we remained on the sidelines. The Greek issue makes me doubt the signals.

About the foreign exchange (FX) pairings, we had no signals to take meaningful advantage of EUR, and GBP gained some ground yesterday in anticipation of the possible Greek news this weekend.

Light crude oil gave us a small gain of £364. However, the move wasn’t strong enough for us to stay in the trade.

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We bought at the green and sold at the red.

Greece continues this weekend with critical decisions. There are many good articles about the current Greek situation and the possible ramifications. News and the subsequent emotions about the report is what moves the FX in the short term. So to that end, as we cannot be reasonably sure which way it is going to go, we are out of the markets again this weekend.

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