Wednesday, June 24, 2009

6-24-09 Sticking to one thing

Well its pretty obvious, but the currencies as well as other markets have been pretty choppy recently (must be the low volatility).

As such I'm not seeing much bang for my buck when it comes to trend continuation and breakout moves. For now I'm gonna stick to fading the chop. And for those who are worried yes the first position on a couple EURUSD trades was averaged. But I had a hard stop in (just decided since we are in a noisy place in the markets right now it wouldn't hurt to avoid the noise).

-4 pips on 50K


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