My fave books, short-term trends, and my year-end outlook

It’s Thanksgiving week – a holiday shortened week that is mainly going to effect the turnover in the U.S. but considering that the hours between 8:00am and Noon EST are typically the most volatile for dollar-correlated pairs, this is significant. For this reason and for the reason that we are entering the six strangest weeks of the year (generally speaking) I like to focus on shorter, intraday time frames. Let’s also consider some non-cyclical reasons for this shift. Most of the daily charts in that trade against the dollar are in some sort of sideways range, mainly the somewhat unpredictable congestion that is distribution. That means there is no dominant market psychology on the daily time frame and since the daily is the most psychologically relevant time frame and dictates what the overall impression of the market is, there is essentially no opinion and this is reflected in the previous trends flattening out.

When this occurs, I will adjust and protect myself from the back and forth volatility of distribution by waiting for opportunities on the five, 15, and 30, and 60-minute time frames, with particular emphasis on the five and 15.

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  • igetfx

    I will also do what you have analyse here. Since it is on the thanksgiving week where all the market seems to have quiet movement. My trading system are also look at something like the correlation between time frames. The market will always give us chance to enter the market and make some profit or loss eventually.

    From what I have experiencing before on every NFP week, market always moving unexpectedly and it is hard to make some kind of prediction. But well, if you have the experiences in trading smaller time frame or day trading, you will not face any trouble at all I guess.

    It is just a matter of how and when to do the right move at the right time. Some forex school out there also teaching you doing this things. They are teaching on how to get into and exited the trade at the right moment.

  • igetfx

    I will also do what you have analyse here. Since it is on the thanksgiving week where all the market seems to have quiet movement. My trading system are also look at something like the correlation between time frames. The market will always give us chance to enter the market and make some profit or loss eventually.

    From what I have experiencing before on every NFP week, market always moving unexpectedly and it is hard to make some kind of prediction. But well, if you have the experiences in trading smaller time frame or day trading, you will not face any trouble at all I guess.

    It is just a matter of how and when to do the right move at the right time. Some forex school out there also teaching you doing this things. They are teaching on how to get into and exited the trade at the right moment.

  • forextrading004

    Hi, This is graat post here.i like it.thanks for sharing such a information.

  • forextrading004

    Hi, This is great post here.i like it.thanks for sharing such a information.
    link to onlineforextradingstrategy.com

  • forextrading004

    Hi, This is graat post here.i like it.thanks for sharing such a information.

  • forextrading004

    Hi, This is great post here.i like it.thanks for sharing such a information.
    link to onlineforextradingstrategy.com