Hard work getting used to these slow-moving markets

The occasional bouts of activity get us ready for moving markets only for prices to slip back into the doldrums again. Today isn’t looking particularly promising with only minor housing data from Australia and New Zealand on this morning’s economic calendar.

I find these markets tough to trade, trying to decide whether to concentrate on the short-term ranges or be patient and wait for the more medium-term moves to evolve. I’ve only been trading for 28 years; I’m sure I’ll get the hang of it eventually 🙂

I’m not going to go chasing any moves and if some interesting levels arise then I’ll try and fade into some positions. I still like the long CAD, the buy-AUD-dip, and the sell-EUR-rallies plays but I’m not seeing very interesting levels at the moment.