Just like I thought...there was no movement. I said earlier in my analysis that I was going to wait for a good signal, and I didn't get any today. There was a breakout trade, but because there was no major news reports out during the US session, I didn't give it much credibility. However, if you did take that breakout trade (it did close 10 pips below the EU sesison low), you would've been profitable...it just would've took a while :) Anyways, that's Monday for you. Hopefully the rest of the week will be better.
8:00 am- Analysis
Good morning everyone! Hope you all had a relaxing weekend. Today looks like it will be a repeat of Friday. There has been very little movement, and while this narrow range usually leads to a nice breakout movement, there is no major news coming out today which leads me to believe that we won't see that much movement. However, I will stay consistent and wait for GOOD signals. Mondays are always tricky so I will be extra cautious today. Happy trading everyone! I'll be posting throughout the day.
1 comment:
Trong- No, I've used both systems before, and they both work really well. The only reason I trade FX10 now is because it fits my hours. I like only trading from 8am-12noon EST everyday.
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