exhaustion gap Tag

As you can probably tell based on the mid-Week updates to the blog, my focus this Week was on day trading the volatility across Indices and this delivered some quite profitable trades. Although EUR:USD remained top of the watch list for a swing trade on the long side, I found it quite difficult to find a comfortable entry and in the event EUR:USD rallied quite hard albeit through some sudden bursts each of which lasting no more than a few hours. This made the potential swing quite difficult to catch and therefore the trade was missed. EUR:USD now lies bang on resistance so it will remain on the watch-list to see how it copes and from there I can make a decision as to whether I'll trade it, and whether it will be on the long or short side.