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  1. #1
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    Week ending 11/08/12

    Hi guys,

    This past week markets have been very, very quiet....and thin. So treacherous as well to trade, as I will illustrate later.
    We ended the week down less than half a percent, basically due to sideways action and lack of continuation trends.

    We expect market to resume 'normal' behavior late august/early september when everyone goes back to work.
    The Games are over now and summer holidays are over in a few weeks.


    Summer doldrums markets....how treacherous they can be to trade. Look at screenshot below:

    Click image for larger version. 

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    Even sites like forexlive.com could not come up with a valid explanation:

    Click image for larger version. 

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    Until they decided this had to be the reason:

    Click image for larger version. 

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    So, in short (no pun intended), this is a prime example of summer trading....be careful out there.

    Have a great weekend,

    Dutch.
    TulipFX has closed an excellent deal with ICMarkets. Pay $6 instead of $7 commission per 1 lot roundtrip trade.
    Read more on this thread, including their excellent low spreads (0.1 pips average on EURUSD).

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