Postcards From the Right Edge
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Trade setups and other nonsense from Rob Booker, Currency Trader...

... and Derek Frey, Head Trader at Odom & Frey Futures, FOREX & Options.

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Wild Holiday week

Posted on November 26, 2008 at 4:00 in Uncategorized by Derek Frey

Hello again everyone.  The last few years in particular have seen rather violent moves in the markets during this Thanksgiving week as well as Christmas week next month.  This is largely attributable to the dramatic fall in liquidity since many traders here in the US, myself included, take most if not all of this week off.  This creates some great trading opportunities but those come with increased risk.  Keep position sizes lower than usual this week to contend with this increased volatility.  The macro turn back down in the Dollar I have mentioned in prior posts continues.  We continue to sell Dollars on rallies against the majors.  Also we expect stocks to sag the remainder of the week so that should drag the Yen pairs with it.  Have a happy and safe holiday to everyone in the US.   

Tags: derek frey, Forex Majors, Holiday volatility, stocks sag

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