Australian (ASX) Stock Market Forum

FX CHAOS!

With the small position size i'm using there is no feeling of fear as i watch GBP bounce around , yet when targets hit still nice profits.:)
 
So you able to get out cynic?
It's a fairly small position so I am content to let it ride for the moment. I am a bit annoyed that it's gone to where it is so soon after having a sharp plunge sucker me into flipping from moderately long to slightly short.
 
After seeing it move so much on the first bar i'm looking at it as an outside bar and see how far it contracts. IMO
 
Well that was sudden! A refreshing downdraught revitalising my teensy shorts. God bless the chaos!
 
so for the start of this week, as per a few charts in my thread on the weekend, i am looking downwards for aud,gbp,and gold, - they have been grinding up most of today but not enough yet to damage my analysis.
for the indexes in general i am looking up, by no means am i calling a low to the last few weeks activities but its maybe time for a retrace and if there is going to be any kind of christmas rally, which happens so often i feel like it is built into the system, then, it really needs to get off the ground this week after the thanksgiving week which is often down.
as i write the euro indexes are off to a plus 1% start, no decent entry for me so i am just a watcher.
gold looks like it could be starting downwards, aud still wants up, gbp well haven't been able to make head or tail of that one for a week or so :) all the best.
 
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