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Trading Through The Fiscal Cliff.

After a nice Christmas break i came back to the charts yesterday to see if i could make some easy money before the year end.

Trading Forex though holiday periods can be tricky, as the markets can be very volatile and unpredictable due to the lack of volume. These tricky trading conditions are further compounded by the fiscal cliff worries, so we are seeing some pretty big moves up and down for no particular reason, so you have to be very vigilant with your trading this week, to make sure you are not on the wrong side of these moves.

I am still relaxing from my holiday so i am not really looking for trades at the moment, but i did pick a couple up yesterday on Cable. First trade was Cable short at 16195 down to 16173 for 23 pips. We then had a Cable long trade at 16068 up to 16107 for 39 pips.

Today we had another 2 trades this time on Euro. First trade was Euro long at 13166 up to 13190 for 24 pips. We then entered long again at 13175 up to 13204 for 29 pips.

I am finishing now for an early weekend. I will be trading next week, but things will not be back to normal until the week after. If you are in the markets next week tread carefully, and don’t fall over the fiscal cliff. 🙂

Happy New Year to everyone.

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