So big losses today because of the China trade war. Knowing what you know, will you be trading any different in the short term?
This is maybe a trade-the-news-or-not question, or maybe don’t trade forex and move to another asset class.
@dpaterso, what’s your take from the non-forex perspective? Did today change anything for you?
Hey.
Honestly: no. Now that’s not to say I’ve BEEN making money out of this because I have not. But that’s a function of other stuff going on i.e. not the trading systems. I’ve just posted about something similar on another thread. But suffice to say: every single one of my trading systems made (should have made for me) a boatload of money out of all of this. RSI Rollercoaster, Turtle Soup / Turtle Soup Plus One, Memory of Price, Wilder’s TBPS, Pivots. The only one that did not make money was the TBPS and that’s because it currently is only looking for long trades (price above the 200-SMA).
Of course: here I’m talking about the Indices mainly of course. Not been looking at FOREX charts (other than the occasional quick look at one or two for the hell of it).
No way I’m changing anything. Always trade what moves and if you understand the fundamentals and they’re on your side then full steam ahead mate. And if you don’t use the news then always just trade your system. Maybe you’ll miss the moves but at least you’re following your rules.
Just trade what you see follow your trading plan😎
Yea man, thanks for this.
Waiting by the sidelines on that one.