Bailout Passed Holding Off On Trading
You may have noticed that the past few trading weeks have not been the best. With the economic crisis in the U.S. and other economic problems in the U.K. the markets have become unpredictable and erratic.
We still managed to make a few pips here and there; we grabbed 50+ pips on the 193.10 short scalp line break on Monday.
This bailout plan that was passed on Friday is meant to bring some stability back to the markets. To be honest I have no idea what will happen so I will not be trading. I will come back to the markets Wednesday after the bailout plan has sunk in. I doubt I will be trading until next week though.
Site Changes
You may have noticed there have been a few changes here and there on Forex 4Noobs. As the markets have been relatively untrabable for the past week everything has quietened down. I decided to take the free time I had to fix up the site. There’s a whole list of changes coming this week and the next.
Few Days Off
As I am not trading and it is a long weekend over here in Austalia I am in Queensland for a short break until Tuesday. I will be back on Tuesday and I will start rolling out the site changes then.
Have a good week guys and be very careful with your trading this week.
Some Lines
If I was trading I would be looking for:
Short
- Break of the 183.45 S+R line
- Break of the 181.32 S+R line
Long
- Break of the 191.00 scalp line
- Break of the 197.46 scalp line
But as I said I am holding off on trading as I expect this week to be unpredictable.
