11 Aug This Week’s Swing Trading Round-Up 11th August 2013
Sadly other commitments have prevented me from trading again this Week and although I cast an occasional eye over the charts in the hope of finding a ripe set-up to trade, I’ve not really seen anything convincing. I keep going over a few of the Yen and USD based charts but for now most remain within the confines of previous trading ranges making a directional call outside of those ranges quite difficult to make.
Unsure if its just my state of mind or whether others are observing the same, but I’ve found most of the trade-able moves over the last few Months have come from relatively weak technical set-ups and arising from low volume.
Hopefully I’ll have a little more time to study some charts this Week as its about time I started playing catch up if I’ve got any chance of beating last year’s trading profits. As things stand there’s not a single chart I can predict the near term movements for with any real conviction as multiple time frames seem to contradict eachother quite wildly.