He Doesn’t Want To Play Either
There was some good activity in Early Asia that led to a
vicious short covering rally in EURUSD; concurrently with that gold rallied up
to 1599. But after that trading activity died down in gold until the U.S. session
where we got about 2 hours of trading before things stabilized around the 1590
area.
Outside of the various dealer and Central Planner stop hunts
it was a dead day. Gold especially was tight with only a $14 range for the day
and only one move really in the U.S session that was of any significance. The
algorithm caught that trade pretty well.
The good trade in gold was offset by a loss in the EURUSD. I
gave AUDUSD a shot also, with a small trade, but it just wouldn’t move so it
was basically a scratch trade for nothing. Net for the day was a loss of a few
bucks, nothing of any significance, but it is frustrating watching these
markets just sit and chop. Outside of the stop hunt in Early Asia, the ranges
in everything were very poor today.
Have a good day everyone.
-vegas
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