This is only good fun if you are making money
Bemoaned the lack of volatility and now we’ve got what you wished for?
In a fast market, the opportunities are everywhere.
DO NOT FEEL LIKE YOU ARE MISSING OUT!
The markets are up and down like a fairground rollercoaster and it’s easy to watch 50 pips swings and think you want a piece of it. Opportunity always comes along you won’t miss anything if you don’t try to catch a 50 pip swing. I’ve seen many days like this and will see many more. If you’re unsure and don’t want to be caught out then take two steps back, move onto a longer timeframe and pick the wider levels.
At this very moment in time I have absolutely no interest in playing about in the middle. It’s not really my game. What I will do is pull the charts out wider and look at the levels that may contain the moves.
I would rather be patient and play these levels with a tight 25/30 pip stop than dick around in the middle and potentially lose more. It makes for calmer trading.
This isn’t a post for those who like to scalp and are doing well or those that have been trading a long while, this is a post for those who are less experienced and are watching the prices fly around the screen and don’t have a clue what. It’s easy to get caught up in it all but it’s even easier to step back, take a breath and plan. You’ll never lose money doing nothing.
Good luck and take care.
