Thursday, March 11, 2010

Slow and sleepy market

Slow markets, I don't like 'em. Most sound was first trade which was initiated after gbp news time. It was irrelevant news, no widening of spread. I went in the direction of the price with half size because it was trading in the dark for me.
Second trade was based on momentum that vanished after my entry. Third short was idea that things will stop it's advance based on overall situation in pairs that I follow. The slowness kicked me out. Reversal didn't occur anyway.

+11 pips


gmargtrader said...

Nice trades. Some to risky in my view. But why not. I take the M15 and M1 combination to ride M15 swings.


FX said...

Thank you