Hello to all on FF,
First time caller, long time listener. I've been trolling the boards on FF for over a year now, and I have learned alot about forex, strategies, platforms, world economics, ect ...ect. Now, my first time trading was 1 1/2 year ago and I popped my cherry trading E/U. Made some profits, saw some money and was happy doing it. Decided to broaden my horizen and trade U/J in addition to E/U. Afterwich things got even better (money wise).
Now we fast forward to todays time and date and things aren't going the way they use to. Before I was able to hold a position for hours (if not a for a day for two) now if I hold a position longer than 30 minute (I trade Daily chart) it retracts back for a negative. Now I'm not use to placing tight s/l and taking a profit of 10-20 pips. I'm not a intraday trade by any means.
An fellow trader informed me that if I'm not up todays economic uncertainies, I should try trading les volatile pairs and more low/non volatile paires (such as usd/chf , nzd/usd, aud/usd eur/chf ... ect) So about two weeks ago I test traded usd/chf and nzd/usd on mu live account and to my surprise, I made more profit in a two week period than I would have trading e/u/ or u/j.
I believe my problem is, I am unable to "predict" future price action or retractment. But I was able to predict future movement with low volatile pairs
So, why don't more traders trade low volatile pair?
First time caller, long time listener. I've been trolling the boards on FF for over a year now, and I have learned alot about forex, strategies, platforms, world economics, ect ...ect. Now, my first time trading was 1 1/2 year ago and I popped my cherry trading E/U. Made some profits, saw some money and was happy doing it. Decided to broaden my horizen and trade U/J in addition to E/U. Afterwich things got even better (money wise).
Now we fast forward to todays time and date and things aren't going the way they use to. Before I was able to hold a position for hours (if not a for a day for two) now if I hold a position longer than 30 minute (I trade Daily chart) it retracts back for a negative. Now I'm not use to placing tight s/l and taking a profit of 10-20 pips. I'm not a intraday trade by any means.
An fellow trader informed me that if I'm not up todays economic uncertainies, I should try trading les volatile pairs and more low/non volatile paires (such as usd/chf , nzd/usd, aud/usd eur/chf ... ect) So about two weeks ago I test traded usd/chf and nzd/usd on mu live account and to my surprise, I made more profit in a two week period than I would have trading e/u/ or u/j.
I believe my problem is, I am unable to "predict" future price action or retractment. But I was able to predict future movement with low volatile pairs
So, why don't more traders trade low volatile pair?