Day Trading Forex Market Monitor
If you were following the forex markets vis a vis the S&P 500 this morning the word is: Clockwork.
Continue into afternoon trading seeing risk plus come back on with a likewise softening of the (at one point) 100 point drop in the Dow. We’re watching the impact of the Treasury auction again today. It’s very important to be mindful of when the treasury auctions will occur and (more importantly) when the transfers of fund happen. These fund payments inevitably make ripples in the forex market.
Happiness Reigns for the Binary Options Hedge System
Ultimately it didn’t matter today if I ran the put action on the Greyhound bus that was the object of my desires or if I decided to make the binary options trading system hedge – it was going to work based on where we settled. I’ve said it once, I’ve said it a million times: follow the forex cross rates. Risk forex cross rates up, stock markets up. Risky crosses tanking, stock market down. I try as always to figure out the direction with some certainty in the morning and then keep an eye out for swings in currencies in the afternoon. If I get my binary hedge signal, I close the hedge and double trade and go play golf.
It’s not a bad life, is it?
