Lost some money in the large swings . i am going to stay out till the end of year. 15 min retrace bar 100+ pips. To trade this market you need 200+ pip stops . You can make alot of money buying at the right retracement but swings are too wild for me before i blow my ac . Taking a vacation . what it like for other smaller traders?
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market too wild for me
- Thread starter watchdaride
- Start date
Quote from watchdaride:
Lost some money in the large swings . i am going to stay out till the end of year. 15 min retrace bar 100+ pips. To trade this market you need 200+ pip stops . You can make alot of money buying at the right retracement but swings are too wild for me before i blow my ac . Taking a vacation . what it like for other smaller traders?
Personally I feel this is a once in a lifetime trading opportunity. Conditions are still respecting S & R. Yes stops have to be greater but the wins are enormous.
That's what I have started doing: increased risk/reward from 10/20 to 20/40 but reduced size by half.
I'm a vol junkie, love that market.
Trading this market is like going to a prostitute:
they generally are a "sure thing" but you can get ripped off if not careful.
In this market you shouldn't try to swing trade it but scalp it. It moves too fast and is directionless for the most part. If you want find good trades, tho, watch the S&P vs. AUD or JPY. If you chart them, they look rather similar.
they generally are a "sure thing" but you can get ripped off if not careful.
In this market you shouldn't try to swing trade it but scalp it. It moves too fast and is directionless for the most part. If you want find good trades, tho, watch the S&P vs. AUD or JPY. If you chart them, they look rather similar.