Good morning mates.
Thanks Trends…
Let’s see some more Thursday.
Quarterly table.
- GBP (blue) most bid currency their morning time +1.80%.
- AUD (red) most sold currency, again, -1.49%.
Well, looks to me like the Pound wants the top spot. They have been out bidding the CAD (brown) this week. You can see the session takings this week. Definitely wanting it. Took 4 sessions of the 11 that we had so far. Also, they took 2 complete days of the 3 total, so far. Needless to say, they are on it. Lots of buying the GBP.
And, in regards to the other positive running %'s, the Comms (reddish)…well…they also are losing a bunch of sessions. And total days.
We always get a better picture as the week rolls out. Sure, it’s hindsight. And I think that is evil (in the sense that we should have known something was coming, but we just do not). I simply cannot predict the future (which, by the way, goes for everyone). But the thing is, this is what’s called a trend. It’s a flow. And it seems to me that we have a better sense the more of it rolls out.
So, in regards to a weeks time span, in which I find the most helpful, I will get a better feel at the end of it. So presently speaking, I will be looking for whether the Comms would want to continue on down or not. In the broadest spectrum. But…I do feel that until someone crosses over the 0% line, it’s not all that much of a change.
All that nonsense goes for me, in regards to my trading tactics and plans.
So, disregard that mumbo gumbo. Just talking to myself.
Alright.
Let’s make it a good day, no matter what happens.
I will.
Mike
MY DAILY’S.xlsx (367.2 KB)