An extremely subdued session so far.
I’m looking at trades that I am in — Not many at present and most are remnants ( part positions ) from previous trades over the last weeks …….A word of caution as we tail off towards the weekend . As I said in my USDCAD post ” Never a bad time to take some profits “.
I’m worried, slightly shocked and disappointed at the verbosity spewing from our so called world leaders. I guess I should be used to it by now , yet I would truly relish the chance of knocking some heads together. Any military action over Syria over the weekend will have markets gapping severely on the Monday open.
I’m never in the ‘chancer’ camp thinking there is a 50% risk ratio that my open trades could gain and win out . I’d rather play it safe and preserve my hard work . Be especially careful out there today my friends and do not give the market a chance to take it back .
Philosophy: "Trading rules.....it most certainly does"
Read how Horatio got into trading here
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It seemed obvious to me that if there WAS going to be any action, It would be conducted over the weekend .
The wild card now has to be the reaction from Putin’s Russia . This is a very different situation to previous aggression. As you can tell by the above post written early Friday. I did have the feeling the markets were asleep and could be caught napping .
If this is a face saving one off strike by the US administration and allies ( after the threats and posturing ), then I am not looking for too much of a market move come the Monday open . The markets have proved very resilient of late . We must be prepared for certain amount of nervousness and market jostling.
Any retaliatory actions or stronger rhetoric from Russia, and we are entering a very sensitive more dangerous weekend .