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Archive for March 3rd, 2008

Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
Premature Ejection
Posted by FT on March 3, 2008

Welcome to March, I wonder if this will be the fourth consecutive month of equity losses.

Today I fancied the EURUSD trade again, but it didn’t quite work out as planned. I traded twice, losing on the first, then making it back at the second attempt until I was ambushed by my own stupidity.


Garden Gnome spent many years as a small-cap fund manager before his need to to spend more time with his lettuces got the better of him.
GG now spends rainy days trading equities and currencies. He likes to use a combination of technical analysis and news flow to make trading decisions.
Premier Foods and Glanbia
Posted by Garden Gnome on March 3, 2008

Don’t forget that building behemoth CRH has results on Tuesday-details in the previous blog.

There are several other company reports on Tuesday (Travis Perkins, Schroders Admiral etc.) but I thought the one with the greatest opportunity for a trade would be Premier Foods. Premier is a bit like AB Foods in that you won’t immediately recognise the company name but you will know its products (Hovis bread, Bisto gravy, Branston pickle, Batchelors soups etc).


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