Coming up on 1.312... (triple top)
Does anybody else think that today's daily close will be of significance in regards to the rest of the week?
Words of advice from a fellow trader:
It's that time of year again. Between now and December 15th many of the "big" traders shut off their accounts and take a break. This can cause volatility - the market is "thinner" so smaller trades can cause larger moves. Or, the lack of trading activity causes a flat market.
I've seen Decembers with a EURUSD that runs 750 pips with no retracement, and I've seen Decembers that are as flat as can possibly be. What I've learned? Be careful. If you want to keep trading, maybe reduce your risk? Or take a break, spend some time with family or having some fun, and start again next year.
Does anybody else think that today's daily close will be of significance in regards to the rest of the week?
Words of advice from a fellow trader:
It's that time of year again. Between now and December 15th many of the "big" traders shut off their accounts and take a break. This can cause volatility - the market is "thinner" so smaller trades can cause larger moves. Or, the lack of trading activity causes a flat market.
I've seen Decembers with a EURUSD that runs 750 pips with no retracement, and I've seen Decembers that are as flat as can possibly be. What I've learned? Be careful. If you want to keep trading, maybe reduce your risk? Or take a break, spend some time with family or having some fun, and start again next year.