Finally some trading to talk about – after an unbelievably dull Thanksgiving week. I suppose the seasonal trade did work out, with new Highs being made. But it was virtually un-tradable with the daily ranges and volumes being so small.
The Emini on Monday was better, more range, more volume. I just hope it continues.
But the big news was Gold and Silver. We talked about a downtrend pause in Gold and Silver 2 weeks ago. And we’ve been in a holding pattern ever since – waiting for the Swiss referendum vote on whether the SNB should hold more Gold.
The vote was “No” and by a big margin – 78%. This seemingly Bearish news has given the Pro’s an opportunity to take advantage of the panic and volatility. Let’s see what happens in the next week and if Monday’s Highs get broken.
A note about TradeStation 9.5
Getting a few questions by email about TradeStation 9.5. I haven’t moved yet and I’m still on TradeStation 9.1. That sounds miles behind, but TradeStation decided to jump straight from 9.1 to 9.5.
From a developer perspective there are still some bugs in 9.5 and it’s really only ‘beta’ software. So I’m holding off on re-compiling the ‘Better’ indicators for 9.5. But it will come eventually.
If you’ve made the jump to 9.5, tell me what you think. What’s good, what’s bad?
Good luck with your Emini trading this week.