Scratched that Cad. Now I'm going to lock up the platform so I can't trade anymore till maybe tomorrow. And I'm going to put handcuffs on.
I feel your pain. There's a lack of professional activity (volume) US session which means choppy and erratic, I take my lead off US session into ASIA then London, I don't trade by throwing a dart at the board either. And I was expecting Eur/Usd to go higher today US session. Hope we're not going to a news driven market again.
That's the second time this week Cad has closed on H.O.D. Unfortunately there's so little liquidity to trade it.
Short USD Cad from 1.2525. It pushed below 1.2520 finally, then retraced up. I was all over it. It would be nice to have confirmation from the other currencies, too, but it's that kind of market.
Yeah lots of fake moves this week Ive been happy taking short term profits at supp and res areas this week. Just one of those weeks.
It throws off my rhythm. By the time there's confirmation, the move is just about over it seems. Or there's violent reversals like CHF during (today) NY session. If you trade like I do and try to catch retracements in the direction of the prevailing trend, it's not working that well. It suddenly dawned on me today that it's just a thin and directionless market, and that's why I was struggling.
Nzd finally catching a bid. That was worrying me too. Cad was up, but AUD, EUR, Nzd were down. I want to see them all moving together, more or less.
Too bad Victory isn't around. I'd like to get some kind of valuation number on NZD. Seems to have been sold a little too hard.
Pronounced H+S on the daily NZD though. Funny cause everyone is talking about whether the USD is going to strengthen or just stay weak. Well, it depends on what you look at. USD index is like 57% euro. That seems kind of silly in one way.