Trading quiet markets

As North America celebrates Thanksgiving, US stock and bond markets are closed. The currency market continues as normal.

'In general' a good rule of thumb in quiet markets is that 'movent continues in the prevailing direction'. Although likely very slowly.

It is very pleasing that the recent 'risk on sentiment' and the currencies behaving as you would expect, has continued.

I wouldn't blame anyone for placing a risk on trade today, in fact, overall sentiment and currency movement invites a trade.

Personally, I prefer to wait until liquidity picks up again, which for me, means waiting until at least Friday's European session.

I realise it is easier to sit on the sidelines with two trades under my belt this week.

If you are trading, it is prudent to be aware that some platforms 'widen spreads' in quiet times.

Please feel free to offer any thoughts or questions: johnelfedforexblog@gmail.com