US Housing Index on 18.12.2017

  • Prior was 70

Well up but the USD is on the back foot today , especially against EUR and GBP. A mix of short covering EURUSD and Cable together likely with some options in play and the expectations of May’s speech in Parliament later.
The liquidity is drying up for the Xmas period.Each flow will have an increased impact. To be taken into account for our trading. Scaling back the amounts, doing less trades,wait longer before hitting the buttons, giving a little more wiggle room, shortening the time length of the positions unless we want to enter medium term positions at important levels, are options to weigh before entering into a trade.

K-man

Fundamentalist market maker, turned all round market taker.
Philosophy: “Cycling is good for your health, overtrading is bad”

Read how Koen got into trading here
K-man

Latest posts by K-man (see all)

Pin It on Pinterest