Sparse trading.

Good afternoon everyone,

On looking through my charts this afternoon and of late one thing that is so true from the mentoring us bloggers have had is that after every large move there then comes either the reversal or conslidation then continuation or reversal.

With all the large moves many currency pairs have had recently, a consolidation phase is now taking place and so the frustration builds as not many triggers are happening on our preferred timeframe of the daily.
This is the 'preferrred timeframe' as it requires less attention and due to time restrictions for some of us this is therefore the timeframe that each of us can manage best.

However as just mentioned the frustration creeps in as not many triggers occur during this period, so if you are feeling frustrated by us bloggers writing 'put this on your watchlist' you should try going down to your lower timeframes to trade intraday should you have the adequate time to devote to this for analysis and management.

One thing you be aware of that this way of trading does require more of your time as once entered into a trade management is vital as news items can make the market react substantially intraday and obviously fibonacci levels come around more quickly albeit still only proportionately.

Therefore the more trigger happy, need to trade, aggressive stance traders out there with the time available have a go at the intraday timeframes but for the more conservative of you this is time to relax a little and as we also keep saying be patient.

All the bloggers will continue to update to the best of our ability but in these pattern formations at present the oppportunities are not going to be as significant as the trending times and until they return we shall put forward possibilities as normal.

Good luck to you all and get ready to a possible 'Santa Claus' rally in stock, in the build up to Christmas.

Clayton Farnworth.