If you can believe it – I actually never watched A Clockwork Orange. This may sound strange given that I’m obviously a huge movie buff, but the simple reason is that I wanted to keep a handful of the classics of my youth unseen so that I would have something to look forward to when I got a bit older. Which I inceasingly am and that ‘still to enjoy’ list is steadily getting shorter.
Easy time and crappy time – a trivial concept in trading but it has held true over the ages. As traders we’ve usually seen plenty of both and we all instinctively know which one we’re in. If your Spidey sense fails you for some reason just pop by here and look at my posts or the comment stream. Is Mole putting up posts with cat themes? Is it crickets in the comment section? Guess what – it’s crappy market time.
Alright, I just got back from my osteopath and the news are actually quite good (for a change). I don’t seem to have a herniated disk but there’s a small protrusion in my L5 which actually isn’t too uncommon. Obviously something to keep an eye on and he showed me an exercise to reduce the pressure I’ve been feeling in my lower right back. Otherwise however I was told that I have the spine of a 25-year old which would be a man half my age. Plenty of space between my vertebrae and my disks (except L5) look peachy.
EUR/USD price action over the past few months has been range bound between about 1.155 and 1.175. So we are roughly talking about 200 pips of churn here, which over the summer has created a state of relative equilibrium between Euro bulls and bears. Now tomorrow (Thursday) the ECB is scheduled to announce its interest rate decision and as it is widely-expected to begin whittling down its bond purchases.