I was planning on releasing my weekly analysis yesterday but I couldn’t really find much to say about the market. There have been some trades to take here and there but as an ultra cautious trader, I skipped them.
It seems like it was the right decision. Advanced course members haven’t done too well on the few trades they took.
Why?
European mess plus NFP equals uncertainty
Well, this week started messy and it has not got much better. The weekends bad Greek caused some major gaps, some the size of which we have not seen in years. The news from Greece has only got worse since the weekend.
Add to that the normal uncertainty that you get the second half of NFP week…
… Call me crazy but trading just doesn’t feel safe this week.
The Sun may be affecting my decision
The sun situation is probably having a bit of an impact on my decision making process. As I write this I am outside enjoying a barbecue…
I know, I have a dumb look on my face.
Sun is rare in the UK and 30 degree days are rarer still. As an Aussie, I really need some sunshine every now and then. So, my trading is taking a slight back seat to relaxing and enjoying the sun.
So…
Lots of sun and market uncertainty means I am taking the week off :)
I am working on a major update to my free strategy though
The free price action strategy section is getting a little dated. I have already started work on a major update and rewrite. I will be finishing the update soon and releasing it all at once.
It will be a major overhaul of the free strategy, I will explain support and resistance in MUCH more detail and other things too.
So, there are a few exciting things on there way.
But they will need to wait until this sun is over!