If you read any of my posts at the beginning of this month you will come across a few posts declaring that December is traditionally a positive month for the EU, SW and often GU and AU. if you search the net you should come across a bit of research on this.It appears with the EU and GU we are getting the rally. So despite all the chartists and economists giving there views this is something that happens most years and is indeed often the most strongest and volatile move of the year.
Now looking into January EU, SW and GBP tend to have their most significant negative returns. So from a trading point of view, let december pullback against the trend, place sell orders in the wake of this pullback and wait for January's fall to eat them up
as far as the yen goes, right now there are to many pairs offering entries in the form of fakeouts which are then stopped out with the fallback. Until we start seeing weakness in the yen again I will not add anymore (and when i do add it will be to the UJ buys). This is the reason why in December I only use small bet (about a 10th-5th of what i normally use), so i can enter many bets and hold longer term.
I always treat December as though the big players in the markets are taking profits (so we see big pullbacks from the trend) and having a rest. Then when they come back after the holidays it's back to business....back into the trend.
Now looking into January EU, SW and GBP tend to have their most significant negative returns. So from a trading point of view, let december pullback against the trend, place sell orders in the wake of this pullback and wait for January's fall to eat them up
as far as the yen goes, right now there are to many pairs offering entries in the form of fakeouts which are then stopped out with the fallback. Until we start seeing weakness in the yen again I will not add anymore (and when i do add it will be to the UJ buys). This is the reason why in December I only use small bet (about a 10th-5th of what i normally use), so i can enter many bets and hold longer term.
I always treat December as though the big players in the markets are taking profits (so we see big pullbacks from the trend) and having a rest. Then when they come back after the holidays it's back to business....back into the trend.