Mp -- December Trading
well, that situation should be over pretty danged soon, huh !
this time of year is always volitle because of the comparatively low volumes out there due to the "masters of the universe" taking their winter vacations --- low volume allows the banks and brokers to move the currencies around more than usual (they aint got no checks and balances from other traders, obviously), but it will settle down during january and get smoother as warm weather approaches --- of course, then we get into summer vacations and the whole process repeats !
a trick my mammy taught me years ago is that when the volitility gets heavy, trade the LONGER timeframes cause its MUCH easier to follow the trend and she was a danged good trader in her own right, putting 14 children through Georgetown and watching them later become a large voting block in the senate, where they outvoted Carter and increased their peanut farming business to world class, with profits to match ! It is said that Carter's horror at what had happened when they took over the peanut patch was what disheartened him so that he lost the following terms election, not being able to focus on the overall economy !
Of course, thats mammies story !
because of the increased range and movement of currencies in the longer timeframes, one MUST USE GOOD MONEY MANAGEMENT TECHNIQUES AND NOT PLACE MARGIN IN DANGER, so keep your trades down in size because you WILL experience a lot of drawdowns on the longer times !
enjoy and trade well
mp
quote=TradeIQ;13473]Do you guys feels it's difficult to trade over December with all the public holidays?[/quote]
__________________
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !
As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!
Last edited by mp6140 : 12-31-2007 at 05:21 PM.
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