Trading environment is getting ‘bad’ now. Volumes are lowering as we are heading into xmas. Additionally there is a massive risk event tonight with the FOMC announcement – and maybe this will be the one where tapering begins (the chance of tapering is set to stand at 60%).
This is probably not a good time to trade now. But it is a great time for doing additional research and the like.
Position Management – took off a little bit of the AUDUSD position yesterday (at +204 pips). Now only 1/5th of the original position is remaining.
STAM – FX (no orders entered)
NZD and USD have switched points again. All else is the same on the matrix.
I am going to be very limited today in terms of putting on new positions because of the FOMC announcement tonight (7 and 7.30). There’s also a lot of GBP news at 9.30am. So, all in all, it’s unlikely that I will open ANY new STAM positions today.
There are a couple of interesting-looking charts, such as Cable, some of the Yen pairs – no action taken because of scheduled news.
S3 – FX (no setups)
Checked the three pairs that are not in S1 or S2 – no setups.
STAM – Equities