There are so many strategies I’ve tried, I have lost count. And there are at least as many which I’ve let go without trying. There are just too many. I found a quick fire way though which helps disregard the strategies which are useless, so you can trial the ones which are worth trialing. Its logic. Look at the logic of your trading strategy and see if there are holes in it. You’ll be amazed by the number of strategies with big logical holes.

Most strategies presented to you will make sense. They have to or you would disregard them as nonsense. This is not what I am talking about though. The concern discussed in this article is logical completeness. If a strategy does not cover all possible scenarios you may come across, it will not take long before you find one of those scenarios. And when you do find a scenario which is not covered by your strategy, all of a sudden you need to make decisions outside the strategy. You will probably be left scratching your head or guessing.

Personally I think that making decisions like this, decisions which are outside the logic of an investment or trading strategy, is gambling. Its not a good situation. Sure you may make money with this gamble, but you could lose it too. Its no different than blackjack. A robust and complete trading strategy should take these gambles away from you. There should be no guesses. You should just plan the trade and then trade the plan.

The other problem with this is that no matter what happens to your returns from that point, you will never know if it happened because the strategy worked or because of the guess you just made. This also can create problems as it must impact your confidence in the strategy. If your confidence is impacted, this may further cause you to divert from the strategy in other circumstances, exacerbating the problem.

So if you are thinking about trading a new strategy, short cut experiencing some pain and loss. Go through the logic of the strategy in a robust and thorough manner. Are there scenarios you can see, which the strategy possibly does not cover? If so, try and get answers for those scenarios. If you can’t get answers for them, personally, I’d avoid the strategy. Lets face it, going to the horse races is much more fun

And once you are happy with the logical analysis you have applied, don’t forget to dummy trade for a while too. In dummy trading you will probably find a number of scenarios you never thought of. This gives you the chance of ensuring the strategy deals appropriately with them too, without risking any money. Good luck.

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While writing this the domino effect does look to continue, as no earlier is Greece being managed do the sights turn towards Portugal again. Portugal understandably needs to raise finance thru its Bond sales, unfortunately bond traders are very twitchy regarding Portugal’s capacity to pay back financiers and I personally am unsure that financiers will need to risk taking a loss as in the Greek situation.

How this will affect the Euro Dollar and the timings remains to be witnessed but will be fascinating to work out if the EURUSD reacts at the zones highlighted below.

The EURUSD, after its quick ascent from this area for two weeks straight really took a break at the weekly 38.2 Fibonacci level at 1.3240 a little off of the 50% Fibonacci retracement area that I was speculating about last week. With the initial reaction off of that level the Euro Dollar came down to a 38.2 Fibonacci of the last two weeks upward move.

Again the EU Buck has found support and is, at the time of writing, moving back up to check the 38.2 area once again. If this holds we might be heading back down to retest support at the 1.26 area. If it doesn’t hold then the Euro Dollar should continue to what I consider the primary resistance area up at the 1.34 area. Being a dynamic average the weekly 20 simple moving average has come down a bit by around 50 pips and could really play at providing solid resistance before ultimately striking the 1.34 zone.

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You will find some more spectacular info regarding the price of silver. During the last two years, the price of silver has gone up by about 200%! This kind of unheard of rise in the price of silver is not without reason. Silver has purpose in a considerable number of areas, except rings. Indeed, more than half of the need for silver originates from heavy industrial sectors, and not the rings market. Silver is usually an outstanding conductor of electricity and is utilized in fine electronics.

Due to the unparalleled demand of silver within the consumer electronics industry, that’s matured greatly during the last ten years, the price of silver has risen much more than that of gold. The perspective for the future ten years remains bullish on silver, and additionally silver is used in numerous applications and industries because of its metallurgical properties. China and India are the significant drivers of the price of silver during the last ten years. China is known for developing all types of consumer electronics products and India is proud of the biggest usage of electrical items on the planet. Additionally, buyers from China as well as India spend money on the metal. Consequently, the price of silver is expected to remain on an increase in the the future.

Another metal which is being placed as the metal of the future 10 years is platinum. The price of platinum has offered greater returns than gold in almost all parts of the world. As a result of an unmatched increase in the price of platinum vs gold, platinum is likewise referred to as the “new gold” in certain parts of the earth. Even though nothing may be claimed with certainty with regards to the anticipated percentage profits on the price of platinum, the indicators from the past five years were reassuring, to put it mildly.

Platinum finds its utilization in necklaces, and an expensive one as well! Platinum can be viewed wearing several of the nearly all valuable pieces of necklaces these days, from wedding rings and wristbands to bangles and charms. Platinum will go wonderfully with expensive diamonds when compared with gold, which is the principle reason it’s found application of in engagement rings. Platinum is likewise progressively employed to design innovative pieces of necklaces. The world’s most expensive cellphone is designed out of platinum. Going through the way platinum is continuing to grow in popularity throughout the last three years, you can be positive the price of platinum will go up in the many years to come. The steadiness and projections about the price of silver and platinum each offer you tremendous chance for investors searching for long run investing possibilities.

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