The potential Cyprus money grab is casting a long pall over the financial markets. Cyprus banks will not open until Thursday, and there is the possibility that there will be a run on the banks ala US, 1929.
Trading was choppy and largely directionless, trading is a very tight range. This trading climate will probably continue until we get: some news that will move the markets, credible info on how this crisis will be handled, or until the Cyprian banks open, and the financial damage can bve assessed.
Today, I took 3 trades. 1BE, 2L
Opening Balance: 1002. 12
Goal Balance: $1022.00
Ending Balance: $965.18
Goal Date: July 11, 2013
Trading Plan For Wednesday March 20, 2013
Goal Balance: $983.18
Max Lots: 9 Micro lots
Best,
CII
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