Comments on: Trading strategies and daily outlook 08-20-09

By: Liviu

Liviu — Thu, 20 Aug 2009 16:23:22 +0000

There are more liquid and less liquid time frames throughout the year and it is a matter of preference and trading style on deciding if some months are better than others. While some people prefer more volatile time frames, some prefer the less volatile. Nowadays, since 2008, there are no "better months" since everything became less predictable and random. Check this monthly chart: http://bit.ly/19inJO

In the chart above you may notice that monthly ranges were smooth and just fine to trade over the last years, until 2008, when things got out of control. Spot the 3 lines on the chart, they represent the average range which drastically increased since the global crisis inception. Another realistic indicator for the crisis effect on currency pairs (especially EUR) is seen on my performance statement's equity graph which went quite flat since then… flat but slightly up, as I managed to conserve some of the (potential) losses.

Just post links to charts, that's fine. Else it could break the right sidebar's last comments section.

By: tu

tu — Thu, 20 Aug 2009 14:56:20 +0000

Can I post actual pics of charts instead of just the links here?

By: tu

tu — Thu, 20 Aug 2009 14:54:53 +0000

Liviu, from your experience, what do you find to be best trading months of the year?

Just came from a webinar that said January, April, July and October are good months

of volatility… forget exactly the reason he said why.

By: Liviu

Liviu — Thu, 20 Aug 2009 14:13:56 +0000

Quiet day across the board. On August 13 to Aug 14 (best seen on 4hrs charts) we had a similar consolidation which followed the rally and EUR remained for 24 hours into the 70 points consolidation range then went down. It was on the same trend-line resistance… we'll see if history repeats, if it breaks down below 1.4200 next.

I'm overall bullish on the Euro but still feel that it needs some more reasons to break higher.

I rather go out for a pizza

Cheers

By: tu

tu — Thu, 20 Aug 2009 14:02:39 +0000

http://i623.photobucket.com/albums/tt317/tu-2009/…

By: tu

tu — Thu, 20 Aug 2009 13:54:23 +0000

The EU is definitely choppy today… what would the reason for this be Liviu?

By: Liviu

Liviu — Thu, 20 Aug 2009 06:52:57 +0000

I closed it manually at the time of writing the report because I was not feeling too confident about the position. Market is at 1.4216 right now so it can be closed for a small profit

By: jet

jet — Thu, 20 Aug 2009 06:46:36 +0000

EURUSD never went to 1.4200 so the stop was never moved to break even. You must have manually closed it without sending a notification. This is the first time you have done this for the few months I have been following you. Is this going to be a recurrent way you trade? If so, following your signals and duplicating your performance will be impossible…