What Goes Around Comes Around

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Good Morning Trader Friends.

What’s on your trading-mind this morning? Are you watching price move around around your charts? Sometimes I feel like a cat perched on a windowsill watching birds flying around. How I wish I could just grab one! Are you reading up on economic reports, data reports, political actions, and global weather? If you’re part of the Combo Traders group I know you’re finding all sorts of tradeable space on your charts today. Yipeeee! Happy trading.

Today I’m thinking about money.

When I was little I remember visiting my grandparents, and if Grandpa wasn’t home, I knew Grandma would say, “Oh you know Grandpa, he’s down at the bank counting his pennies.” I heard that so many times, and I may never know what it meant. I don’t know if he was down there making deposits and carrying out daily banking chores, or if he enjoyed the outing, making conversations with the pretty bank tellers, or if he genuinely went down there to examine his balances, look in his safe deposit box, browse through his CDs and stock notes. My grandma said, every time he went down to the bank, he found a few more pennies. For some reason, almost 20 years after his death, I still think of him “counting his pennies.”

Today I’m thinking about money, and instead of trading, I’m counting my pips. I had an excellent run of trading the past six straight weeks, and I feel like saying to my children, “I’m counting my pips this week.” Of course they will be as confused as I was when Grandpa went to count his pennies.  The markets have shifted a little over the weekend. Some ranging pairs look like they might be starting new trends, or looking for new levels to range around. Market conditions change, and last week’s trade setups might not work as well this week. If you made some pips too, maybe take a moment with me this week to hang onto what you’ve got, and count your pips. It leaves you with a sense of accomplishment.

My grandpa was an accountant for Coca Cola, and besides making a real decent living, he made a fortune in his Coca Cola stock when he retired. He lived simply. He understood money in a way that people from my generation can’t quite get. He wasn’t Ebeneezer Scrooge, but sometimes I wish he had spent more of it on my grandma. Then again, I’m sure he’d roll over in his grave if he knew how much I spend on my kids’ creature comforts rather than packing it away in a bank.  Somewhere in between there are some excellent thoughts about money, and I’m trying to find those thoughts today.

Currency:  Has to do with flow, polarity, movement, person to person exchange, rumors, passing of time, runs from one place to another such as a river, widely accepted, belonging to a time that is passing, publicity,  most recent desired thing.

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