Posts Tagged bank holiday
Hi All,
Today is Bank Holiday Monday in the UK and in my previous post, I mentioned that I don't like to trade the market during these times. Best to wait for the traders to come back with some volume to start again.
Well, that's certainly for the markets which are directly affected by the UK bank holiday. In other places, it isn't a public holiday so I looked at the charts, in particular, for something which should be affected directly by the UK holiday.
I saw a pattern in the Forex ma
March 24, 2008
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At 19.00 GMT, the FOMC made it's announcement.. I had no idea what they announced but the market didn't really do that much. I entered short when the market went below a previous support level at 135000.. unfortunately, it soon bounced back up and I had to nurse a 16 price loss! Ouch!
My trade wasn't a bad one, I had traded on break of the channel. Luck wasn't on my side this time.... as I write, the market has broken up above the upper trend channel. If I had bought this, I could have gr
February 20, 2008
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It's the US Bank Holiday today.. in these times, the volume is light and it's easy to get spiked out so it's not worth committing any money.
There was no real movement today, market just bounced about doing nothing in particular..
I'll be back tomorrow!
February 18, 2008
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