Thursday, December 24, 2009

Start of a vacation

Finally some forex pairs had their pre-holiday swings over last two days.

USD/CHF did a 150 pips fall, after showing some clear signs of topping in the 4 hourly chart.  Even the vacation volumes - which can spoil intra-day signals with lot of noise, did not deter the trends established in the 4 hourly time frames. All the technical criteria were met like clock work. Euro tried to ape CHF but was not as successful.

USD/JPY and GBP/USD did a smaller tango of their own with clear signals.

I was always afraid of low volume noise but some how at little longer time frames it does not matter.  Good to see that.

Meanwhile Indian stocks did a rocket dance and just whooshed up in the blink of an eye lid.  Pressing an enter key took more time than it took to go up 150 points, so naturally the scared yours truly did not dare to enter.

Now of course is the time to relax and I plan to stay away from the computer screens for at least a week.

Hope the next year leads to lot of action in the markets.

A merry christmas and a very happy new year to everyone.