The FX Market Is Crazy These Days. How Did You Handle It? :-)

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.

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The unpredictable challenges of the current market is an experience. Learning to keep both accounts in the green.

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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.

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I’m keeping my risk relatively low. I don’t plan to hold positions over the weekend.

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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.

I predict a large rally in stocks coming - if you look at the VIX term structure it’s in backwardation.

The front month Vix is higher than the second month indicating lower volatility.

I put a tentative long on the FTSE yesterday, will see how that pans out.

Thanks for your replies guys. Keep it coming. :slight_smile:

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).

Stay safe, everybody.

ST

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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).

Sitting out could just be the best option.

Stay safe, in all respects.

Im a beginner but I would say get off at the nearest station

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