A Blog of Commentary and Ideas from an FXstreet Premium Member by 
Hello Everyone!
I hope everyone had a safe and festive Christmas, and Happy Boxing Day!
Pardon me for my “allusion” to those infamous German evenings in the 1930’s with my title, but just as those Long Knives were symbolic of troubles and dangers to come…so can Price action today with the “Long Wicks” that we are having all over most markets!
When we see this, it is due primarily to what we call “indecision” and “Pushing and Pulling” Price action.
In times of light Volume, this sentiment is strongly magnified.
Those of you who are choosing to work in this environment, watch your Stop Losses carefully!
These angular vertical moves can certainly trigger them all day long.
Let’s have a brief look around….about 15:00 GMT as of my writing….
Euro is hitting its’ all time High against the Pound coming in at .9575 according to DJNewswire!
Euro itself clocking in currently at 1.4046…pulling back a bit after touching around 1.4120.
Swissy in a strong Daily Bear Flag pattern, and holding at the support of Sept. 22nd Fib Upleg @ 1.0700 area.
Aussie and Kiwi still rather rangebound on an Hourly perspective, and our Blog friend of the last couple of days, the Yen, is hovering around the 38.2% of the Hourly Upleg we put in a couple days ago.
Dow, S&P 500, Gold, Crude, and the NASDAQ are all in positive territory, so let’s see if our “usual” correlations persist throughout the day…
So…have a travel Tour around your Platforms if your Brokers and Dealers are open…and we will check in later to see how any of our Dynamic areas in a few Pairs have fared!
Suprisingly, pretty good market corelation today carried over from Dec. 24th. Dollar weakness wasn the game on the 24th carried over to today. Was able to “steal” 42 pips today on a trade carried over from the 24th! Was a very risky position given the holiday but hell.. if the confirmations are there.. TAKE THE TRADE!! FOREX DOESNT HAVE OT BE HARD RIGHT! UR THE MAN CVJ!
Arsene
(nyc_FX)