Nov 21 - Nov 26 2010

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Nov 21 - Nov 26 2010

Post  Levaz on Sun Nov 21, 2010 7:33 pm

GBPUSD long 1.5990 SL 1.5900 TP 1.6200
Trade picked up.

Let us see how this goes for starts

Levaz
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Levaz

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Re: Nov 21 - Nov 26 2010

Post  Levaz on Mon Nov 22, 2010 8:10 pm

GBPUSD long 1.5990 SL 1.5900 TP 1.6200
Trade was stopped out.

Things are going to slow done from here on in. Market liquidity is set to drop gradually and volatility will pick up as a result. This will be pretty much the same until about the first week of Jan. So be very careful.

No new trades for tonight.

Shorting the Euro seems to be the markets choice. Get in and out - take 20 - 50 pips quick. Use tight stops as market is bound to whipsaw due to an abundance of rumors.

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Re: Nov 21 - Nov 26 2010

Post  Levaz on Tue Nov 23, 2010 8:06 pm

No new trades for today either.

Shorting the Euro, and to a lesser degree the GBP seems to be the way to go.
The reason I choose to stay out is that short coverings could show up at any time, and pretty much take out stops.

To add to the turmoil, the Korea's are messing the world happiness too.
I will be out of the market until all these things settle down.

I am making small trades in the direction of the general daily trend.

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Re: Nov 21 - Nov 26 2010

Post  Levaz on Wed Nov 24, 2010 8:16 pm

Yet again, no new trades, traders are taking their trades off the tables for thanksgiving.
This is likely to create whipsaws or extreme moves in illiquid markets.

Stick to the Euro shorts for now, but make sure you wait till it hits some sort of resistance levels.
Get in and out quickly.

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Re: Nov 21 - Nov 26 2010

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