Time to dust the tinsel from the charts and have a look at some of the majors.
In-between infusing my power water with cucumber and Chlorella powder (good for the liver detox so I’m told) and tossing a few lettuce leaves (now you know I’m joking 🙂 ) EURUSD is acting perky .
In my previous post I explained my extra vigilance of Options over periods of low liquidity. We have another example in EURUSD . They are not huge in option terms, however we could see some end of year wishes and last minute balancing of books on the run in to the New Year .
I’m adopting the same strategy here as with the USDJPY.. Shorting into Eur last week proved a decent trade at the levels amongst some good two way traffic — Positioned short into tomorrow at 1.1880 – with the larger expiry down below..
My stop loss on the short trade above 1.1900 for today .
EURUSD-H4
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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