Trading in the current climate?

Beginner Questions
1

Hi all,

How is everyone finding trading in the current climate?

Every level of resistance I’ve incorporated into my charts is being broken, wondering if this is the same for everyone else

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2

I paused actually. I’ve just been watching what’s going on. What markets are you trading?

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3

Trade the daily chart trend. Last week you could have made huge profits trading EUR / AUD & NZD bearish trend.

Now the markets are in a capitulation stage, which could suit your S&R trading style. But take it easy, as it will be high volatility risk at times.

4

I was just telling someone else how I thought price action was a bit brutal of late. Could be what’s going on in eastern Europe, not sure.

5

We are in very volatile times at the moment. Im not sure what timeframe you have the S/R on but i would be going higher similar to 4H and up

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6

Amazing moves to be had. Traders wet dream really.

Just a shame we have to profit from such events.

However from what I can see most of these moves are happening in commodities and stocks. FX doesn’t seem to be experiencing anything out of the ordinary - well except for the ruble.

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7

Currently trading likes of GBPUSD,GBPJPY etc.

I think that will be the best thing to do is just sit out for a bit

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8

Trust that to be the only markets I’m not focused on!!

May have to add these to the watch list

9

Surely has to be doesn’t it…?

10

Currently working on a daily/4h basis

11

What have you seen in the stocks and coms?

12

Gosh were you trading WTI/WHEATF??? Insane moves.

13

With no disrespect intended Alphatoro but if you are unaware of what has been going on in the commodity market, and also the waterfall decline in certain stocks then you really need to pay more attention.

You may well be an FX trader, but to be concerned only with one asset class, and not knowledgeable of other markets is not the hallmark of a professional trader - and let’s face it that is what we are all trying to be.

This isn’t a pop at you personally, but it is a general observation of how many aspiring FX traders approach things - as if FX is the only thing on the planet.

The fact is FX moves at a snails pace compared to many other markets, and I for one want outsized r multiples from large range expansion - and you get heaps of that at times like this in the commodities space.

The reason why currencies are currencies is that they are relatively stable, read boring in terms of price movement.

@ponponwei yes I have traded wheat for quite a while now, and even before this week’s events, wheat has been known to make some of the greatest moves there are.

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14

No disrespect taken at all. I’m very new so I’m open to comments like this

Definitely opened up my eyes to exploring different assets

Thanks John

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15

After posting, my very shoot from the hip response (I am prone to do that occasionally) I thought a bit more about what I said - lol

The last thing I wanted was to give the impression that you should go chasing markets that are moving fast, or that you are not comfortable trading.

I am a firm believer in market specialization and I can see you have chosen certain FX pairs - nothing at all wrong with that.

My point was simply that broader awareness of all financial markets can and will help even if you stick to certain pairs only.

All the best with your trading

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16

In such volatile environment I am not betting at any level to hold. Instead I want to see break and retest.

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17

Despite many years of trading, I have never really grasped this whole concept of levels type of trading.

By levels not holding, do you mean that markets are in fact trending?

Isn’t that what most of us want?

18

I mean, that some of trades anticipate bounce from support/resistance levels. These are broken and not respected in high volatility env, so risky betting On price changing direction by hitting the SR level.

That’s what bothered OP in first post, that his levels are broken :slight_smile:

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19

For now go with the flow. Everything is very sensitive.

20

Personally, I don’t see anything out of the ordinary on the major forex pairs, however, I am looking at them on a daily chart.

It may well be the case that all sorts of madness is taking place intraday.

Loads of opportunities I spot on the daily though - which I guess may lead to a question I suppose.

What type of trading is best suited to this environment?