Good order information at this time of year is priceless
I’ve always found that the market trades differently as we get towards the end of the year. Perhaps it’s that corporates and asset managers are less active and therefore the market is reliant more on speculative players? Whatever the reason, if you know where the real order clusters are then you have a huge advantage as they seem to have much more impact. Of course finding the good source of order information is the difficult part!
- Buy orders were reported yesterday in the cable at 1.5965/70 and this was basically the low before it bounced 50 pips:
- EUR/JPY stops and bids were reported around 105.35, and as I predicted the stops get done and then the market bounces (70 pips in this case):