Should i be trading

[Christiaan]

hey guys

Is it just me or is the market still a little slow.I know a few people said that they will start this week but the pair i'm looking at is so slow i keep checking to make sure i'm still connected.

 

[anley]

Don't let others tell you want to do or seek advice. Take control of your own trading and do what you think is right.

 

[DionysusToast]

ES moves were textbook yesterday in terms of where they occured BUT you didn't get a lot of move for your money.

Still there was money there to be taken off the table. Just not much.

 

[Christiaan]

I'm only wondering if it is a good time to be trading.New years were but a week ago.I have no expecience trading during these times because i'm usually not at home during the holiday season

 

[ice-man]

I think its been a great start to the year, especially considering how bad December was...

 

[Prof8t]

Funny thing... December turned out to be a good month for me even though I decided to shut down some aspects of my trading. I would say it depends on your strategy.

 

[Barramundi]

I would say it depends on your strategy.

I couldn't agree more.

If you've got a strategy that involves first identifying what the market is doing, and then basing your tactics on that view, no reason why you can't trade anytime. Every single time I have taken the advice not to trade because of a holiday or such and such, I've reviewed the market later and seen that it would have been fine.

 

[Christiaan]

I just took a broad look at what my favoarite pairs did.SIdeways market all the way through.Wonder if it has anything to do with the holiday season.It's been a week since new year

 

[Pazienza]

Watch and act accordingly. Be careful, but it's not necessarily the case that "December's rubbish, August is crap" etc.

I had one trade last week, which went well. The action overall seemed good enough, I just didn't get any signals in the right circumstances. As DT says, ES yesterday didn't seem unusual, but again nothing I wanted to trade.

"Sideways" can be subjective, depending on your timeframe etc. Choppy daily can disguise nice trending on 15 minute and so on. Personally, I like to avoid it on my chosen view, but it is still worth watching because sideways action can be the set up for a good breakout.

My view is that a good set up is a good set up, regardless, although I do pay attention - if it's 16.00 GMT on a Friday, I'm not looking to enter a new trade. That said, look at ES on Friday 15 minute at 17.45 - a classic, basic reversal signal, with another to tell you to take profit just before the close.

 

[glyder]

I thnk theres a lot of tight ranges out there at the moment waiting for some direction.
I wouldn't put it down to hols. It could change at anytime.