After a couple of months of some very slow and thin markets, we finally have some liquidity returning to the markets. Jupiter saw some early signals, that unfortunately didn't pan out far enough for us to lock in Break Even at least, and we start the month off in the red.
Trading is about the long term results as opposed to each individual trade, although we all like to have a good run of winners!
As previously mentioned, liquidity is returning and enough so that the sleepy pair AussieYen is now starting to show enough range of movement to allow some good trades. I look forward to the rest of the month.
On a side note, I have noticed that during NFP week, although the original direction is well identified, the entry tends to be 12-24hours too early. Oviously that is based in hindsight after seeing how the markets played out after entry, but still none-the-less is important to notice a tendency like this. In review of past performance, it seems that rather than 1hr chart moves, we are seeing much clearer movement on the 4hr charts.
I make this observation public for a couple of reasons. Firstly, the whole point of this blog is for personal review and a step away from charts to see how things are going. Secondly, and just as importantly, to allow transparency for the subscriber. Jupiter Signal strategy is applicable to whichever time frame the individual prefers.
Anyway, let's see how the month unfolds. Tomorrow is NFP so we should see some good market movement!
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