Today should be a very quiet day for trading in forex market. Fact that it is day after Thanksgiving in the US and that European Finance ministers are having negotiations on Monday concerning Greek debt might take some players to lighten up on their normal positions while others may stay completly out of the marketplace. Thus, recent brakeout in the market to the upside might see some consolidation....that is unless thin volume permits few big players to move the market violently in one side or the other.
I'm still thinking about sea saw market, and will use overbought and oversold indicators to trade it, rahter than trend following tools. The later ones I will probably employ once the holiday stops when players will most definitely return to the market.
My setup above consists of BollingerBand, Stochastic and Volume indicator.
I'm still thinking about sea saw market, and will use overbought and oversold indicators to trade it, rahter than trend following tools. The later ones I will probably employ once the holiday stops when players will most definitely return to the market.
My setup above consists of BollingerBand, Stochastic and Volume indicator.
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