After seeing on my chart the BOJ intervention, its momentum power appeared to me like a Brute For ce Attack to the Yen.
To not miss the next SNB move, i plastered my EurChf with limit orders.
Far away from current level, but close enough to make enough pips when hit.
The more i think about it, the more i tell myself it would be very very foolish not to do everything reasonable to profit as much as possible of such a intervention. After all, Central Bank Intervention wont happen often, and then we miss 95% of them because we are asleep, at work or just at the grocery store.
Also, when calculating position size, make sure you do not make the mistake in going in small or too small. What is the point? As a good trader, you wanna squeeze that as much as possible. Calculate your margin, and adjust your orders every night or day b4 you close shop.
The human mind puts naturally a lot of doubt in us, because we are told how hard everything is, and for money you have to work hard. It is a lie, you have to work smart, and you have to profit heavy on special market conditions.
kind regards and just do it
tp
To not miss the next SNB move, i plastered my EurChf with limit orders.
Far away from current level, but close enough to make enough pips when hit.
The more i think about it, the more i tell myself it would be very very foolish not to do everything reasonable to profit as much as possible of such a intervention. After all, Central Bank Intervention wont happen often, and then we miss 95% of them because we are asleep, at work or just at the grocery store.
Also, when calculating position size, make sure you do not make the mistake in going in small or too small. What is the point? As a good trader, you wanna squeeze that as much as possible. Calculate your margin, and adjust your orders every night or day b4 you close shop.
The human mind puts naturally a lot of doubt in us, because we are told how hard everything is, and for money you have to work hard. It is a lie, you have to work smart, and you have to profit heavy on special market conditions.
kind regards and just do it
tp