xr86yp295m Forex Leader: 06/25/09

Ranging has passed Trending

June 25, 2009

Yesterday both platforms were about equal and now the ranging one has passed ahead of the trending one, but not by enough in my opinion to fire off the ranging canons. I turned the bots off yesterday so no trades were taken since and I still have 2 open trades. Times like these are the “dead zones” and fortunately they don’t last long. You could even have traded the ranging one for the last 2 days if you are adventurous but I prefer caution and staying on the sidelines. This is the hardest part of trading !

Current status:

Trending: +14
Ranging: +53

I finally uploaded my 2 indicators related to time. The first is called “Clock” and shows your local time, your broker’s time, GMT, New York, London and Tokyo. Can come in handy. The second one is called “CandleTime” and shows the time remaining on the current bar. More useful for scalping the shorter time frames, but can be used on the 1H as well.

Let’s hope tomorrow is a jazzy Friday – at least jazzier than today!