Anyway, we had strong risk plus in the forex trading markets overnight. Will have to watch where forex markets move post US open as per normal (markets were still pro risk but weaker than overnight levels). Bias (pending thoughts above) remains negative however I don’t let that constrain me. When it comes to options trading / day trading I go where I think the money is going, regardless of bias. That’s how people make money in this market. Get there fast and hope you’re a little bit faster than the next guy.
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As we had surmised pre-open, the forex market flopped risk negative right off the bat at the US market open. Risk switch is negative but weakly so. I’m not seeing a reason to participate here while the forex market seeks direction. I figure let the big boys pick, then follow… not the other way around.
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