Hey good day to all traders, I have been experiencing something since the start of the war, all my demand zones and supply zones dont hold anymore like when I enter in these zones, the market just blows right through it…is it my strategy or some of you are also experiencing these…I trade on the daily and weekly time frames
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What are the signals you use to enter? For example, do you just enter when price finds these zones, or are you waiting for some form of confirmation that price is reversing, such as a pin bar or engulfing candle?
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I enter when price hit the zones i.e when it fails to break it, then I enter
How are you marking your zones? Maybe try widening them a bit and waiting for price to exit in the opposite direction? It’s tough to comment because there are different ways of trading SD levels.
What I do is mark them on the daily and see they also align on the weekly and when the market gets there, I expect it to reverse…I will send a eurcad that I marked to you
The market might break it
On usdchf, I have a marked zone between 0.97500 and 0.98000 I think that’s a good zone supply zone right…but at this rate, it might also he broken…all my levels have not been respected
Ok, well I’m sure you’re aware of what’s going on in the world right now. I would not be looking to go against any strong trends, at least not until we start getting some positive news out of Europe. If Russia and Ukraine happen to come to some sort of truce or agreement then look for EUR and GBP to recover, otherwise, stick with the trend.
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Alright man…thank you…I was starting to loose my mind because before the war I had 4 wins out of 6 with a 1:10RR but since the war, it’s more like i dont even know how to trade bro because i had only two wins out of 17 trades…cos i back tested the strategy last year throughout and the win rate was massive…i guess i will wait till after a truce is called…the market now started looking random to me
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Ya, in times like these you need to take a different approach, or just step away. Instead of reversals maybe look at trend continuations and try to get in at a pullback.
But it sounds like your practicing good money management because you’re still in the game 
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Thank you man, I guess I will take a step away and wait till after the whole war ends…because I am more of a trend reversal trader and right now the pairs are trade is more like a falling knife
rather than just questioning your methods ,you have to realize trading far from black and white also ,throw into the ring what happening regarding war and pandemics
Yes man…I understand now…because looking back I see my losses started when the war started but prior to that, I was doing well
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Please one more question guys, a strategy that worked maybe 3 years ago, is it possible it stops working now…
What you are experiencing is that you need more than one strategy to cater for differing market conditions.
I am happy because my trending strategy has given me four consecutive green months. This is likely to continue while the Ukranian war continues. Download Ichimoku and use that.
My pro friend has five strategies that he uses for differing conditions.
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Alright man…I will download ichimoku and study it…trend reversals are not working atm
This is good advice from @MattyMoney.
Its good to take in the entire forex perspective in order to make sure your strategy is still the best and most suitable for the current market environment. I am a long-term trend-follower and obviously make more wins when trends are numerous and consistent. Right now, trends are not reliable. I can say this because AUD and NZD are in the middle if you rank the 8 major currencies by strength, and they should be close together and either right at the top or right at the bottom. CHF should be near JPY: JPY is at the bottom of the league table but CHF is miles away in 4th place out of 8.
What I had not thought of before now was the possibility that a trend-reversal strategy might also work better when markets are mostly trending. Either way, I think a wider perspective would help you here.
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Bro am also in the same shoes like you…right now trends are not reliable due to what is going on…compared to 2021…its more like am trading during the covid era now to be honest…but I will also take you guys advice to mind and do more research and digginh…that k yiu
So no trading for you while the war goes on? What if that crap lasts for many months or even a year?