Trading on Fridays

As always we do like to stress caution when trading on a Friday. In that past several weekends we have seen the market gap considerably. Too avoid any stress you may want to use any entries made on Fridays as intraday rather than trying to weather the weekend storm.

Bank Flow Level

At this moment the best Bank Flow level stands as a sell on a retest of the highs on the USD/CHF in the 1.1975 area. The last highs are at 1.2000 and the risk/reward ratio is looking pretty good for a short on this pair.

Watch the Trend Line

As you can see the trend line on the bottom will come into play as it begins to fall so watch for a break on the bottom side for an initial push to the mid 1.1700’s.

This entry was posted on Friday, November 14th, 2008 at 1:03 pm and is filed under Bank Flow. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.