Post Labor Day Update
September 7th, 2010
Hello Traders!
With the Labor Day holiday behind us, we’re now looking for volume to pick up. It may be a bit rocky at first, but we’re looking for direction so we can catch the next big wave. As most of you already know, we’re looking for short term dollar weakness over the next few weeks (possibly consolidation) and then for dollar strength into the end of the year. It’s also very possible that we’ll see dollar strength as soon as this week. We’d like to see a full day’s worth activity before getting into any big positions. As of now, the buck and the yen are both stronger and if the trend continues, we could see a rally over the next 24 hours. No video analysis today. Depending on price action, we may release a video before the London session begins. We just want to make sure the recent price action is backed by good volume.
Don’t forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the “Members Downloads” section. The room will be open 15 minutes prior to trading.
If you’d like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member’s area.
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