One annoying factor I have noticed concerns my long-term trades. These typically rely on entry if going long at breach of a lower daily high, with a stop-loss at that day’s low. Recently the daily ranges have been so wide that tactic would have entailed a capital risk of just too high a percentage of my account, even at minimum position sizes.
This is keeping me out of some good opportunities but I’m not going to change strategies just for a one-off bonus.
I’m just studying the market. in times of panic like these, not negotiating can be very profitable. today open a position in aud / usd after days of study and observation.
Low risk, risk what you’re willing to lose. If you’re on demo, great time to see how your analysis holds up. Also a great time to see how breaking news affects the market. Psychological teachings, for free. You just watch the charts.
And with all of the central bank action, wow, lots of analysis to read and digest. Crappy time in the line of existence, but you make as best you can out of the situation.
Yes, I have noticed the same thing. An approach I often like is to look for a more elegant Entry on a lower TF - there might be a nice cycle on the 240 or the Hourly, enabling an Entry half way up the Daily bar or something. Sorry, I know you know this stuff - just rambling really - but really am here just to say that yes, I have seen the same thing. I’m happy to cover a big spread if I am planning to hold a trade a while, but I wouldn’t at the moment so am not doing it.
In terms of a wider response to the thread - am basically sitting out at the moment, I don’t trade crises. Patience aided by all six of us being isolated at home for the next few weeks (eldest son, 15, has a persistent cough - schools have benched us).
Cheers. Holding times in periods like the present are an issue - needs a wide stop distance and maybe no TP at all if that’s going to be viable. I would drop to intra-day t/f’s if I was going to hold intra-day, but I don’t see that as automatically lower risk. I think I’m in the minority on this opinion).