Analysis for Tuesday 17th December 2013
Good evening,
Based on Daily closes, possible:
a) Long EURAUD
b) Short AUDJPY
c) Long CADJPY (active H4 order)
Markets are somewhat subdued at present as they continue to decide on the next move. Completely normal. The yen crosses have ground to a halt especially NZDJPY, hence I got caught with a few niggly losses, nothing out of the ordinary though. Just a word on the drawdown, this year I had a max peak to trough draw down of about 7.5% so the current circa 4% draw down is completely within my range and of absolutely no concern to me. If anything it's healthy as the market prepares for its next moves.
As mentioned previously I have set a target of 20% for the thread and I will be less active until then. It's also a busy time of year visiting family coming into the year end. Having said that I do not take any time off trading over the holiday period (drives my family nuts when I am visiting them but money comes first ) so I will post the daily update everyday without fail I just don't have as much time to participate throughout the day probably till early next month.
Regards, NV
(skype: nv_trader, email: [email protected])
REAL LIVE ACCOUNT:
***http://www.myfxbook.com/members/nv_t...-trader/749457***
Good evening,
Based on Daily closes, possible:
a) Long EURAUD
b) Short AUDJPY
c) Long CADJPY (active H4 order)
Markets are somewhat subdued at present as they continue to decide on the next move. Completely normal. The yen crosses have ground to a halt especially NZDJPY, hence I got caught with a few niggly losses, nothing out of the ordinary though. Just a word on the drawdown, this year I had a max peak to trough draw down of about 7.5% so the current circa 4% draw down is completely within my range and of absolutely no concern to me. If anything it's healthy as the market prepares for its next moves.
As mentioned previously I have set a target of 20% for the thread and I will be less active until then. It's also a busy time of year visiting family coming into the year end. Having said that I do not take any time off trading over the holiday period (drives my family nuts when I am visiting them but money comes first ) so I will post the daily update everyday without fail I just don't have as much time to participate throughout the day probably till early next month.
Regards, NV
(skype: nv_trader, email: [email protected])
REAL LIVE ACCOUNT:
***http://www.myfxbook.com/members/nv_t...-trader/749457***