Slow time for the Holidays

An article by Gus

Hello everyone, hope the Christmas break has treated everyone good and you are not too full on Christmas Eve dinner. This will probably be my first and last post for the whole month for a few reasons. As a lot of you know I graduated from my undergraduate course work a week ago and with all the family visits and celebration have not been very active on any of my online forums. Not only that but given that it is the holiday time a lot of traders are out for the month and many banks are closed, so liquidity drops to almost zero. And as I have mentioned before I do not like to trade during the holidays because of this, it is just too unpredictable.

I did want to post the two screen shots of how the 4H Breakout did last week on the USDJPY and GBPJPY for those who traded it:

Well right off the bat the USDJPY would have been a no trade, but the GBPJPY would have reaped a profit, even with the false short you would have made profit all the way until Take Profit level 3.

I hope whoever traded this made some nice pips, but I was out for the month. I will be trading the 10.1 Nanningbob system with the start of the new year and will hopefully have the EA that Steve Hopwood is working on right now. Cannot wait to see what comes of that great system and will keep reporting on it.

Hope everyone has a Merry Christmas and a Happy New Year!

Gus FX