The Xmas holidays aren't the best time for trading as traders are on holidaying.. this mean that the market volume is low and that technical trading patterns are prone to whipsaws and low volatility. It generally isn't a good time to do any trading until the New Year. I have also taken quite a few holidays off work and looking forward to relaxing and I'll be back next year. I hope you all have a great Xmas and New Year!! Alan
I worked the whole weekend and today, I was exhausted coming back from work. I didn't really feel like trading but I have got used to making some consistent profits over the past couple of weeks. I have had a good winning streak and my account is again, sitting at all time highs. My account is 50% higher than it's opening and I hope that I can keep it this way. Today's trade was a short of the USDCAD. The market had enjoyed a tremendous run up to the point of exhaustion when it promptly fell
I shorted the GBPJPY at my entry point as I thought it was heading lower as it broke below 13660 and I promptly pressed the sell button at this level. My stop was 13695 and as soon as my trade went through, the market went up... I knew that it had to clear the upper resistance but it kept bouncing up at this level which made me feel that I may have been wrong with my trade.. however, I kept a close eye at the level and then, it suddenly plummetted! However, I wasn't sure how far this would fall
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