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Just another ranging day
But I am not trading Not going to allow to some algo that goes bananas to turn all upside down and then to have think if that is a trend or just rogue algo
We saw 1.2124 as a lowest today and 1.2100 is too close .
But I am not trading Not going to allow to some algo that goes bananas to turn all upside down and then to have think if that is a trend or just rogue algo
I, too will remain sideline for now, the price is arguably to close to the support anyway.
Watch what HFT is doing on EURUSD for the last hour. High and low changes without a tick ever reaching those prices. Metatrader is a kids toy
EURUSD continues on a normal bearish trend. Happy new year!
Still US unemployment data today. That will be the last nail in the coffin for this year
Still US unemployment data today. That will be the last nail in the coffin for this year
The market is pretty much dead. I don't think that there will be much of a change
The market is pretty much dead. I don't think that there will be much of a change
You are probably right
Anyway I am out of the market this whole week. Happy new year guys!
You are probably right Anyway I am out of the market this whole week. Happy new year guys!
This was more taking positions for the next year than reacting to news. Bad news - USD goes UP. The usual game
It finishes exactly as expected : there was no surprise as far as EURUSD is concerned. Trend is followed to the pip. News do not matter now for EURUSD : the QE expectation and FED rates are driving it steadily
Happy new yer guys.
Remember : the trend is not going to change just because a new year started. Bears are going straight into new year too