The main adjustment I've made to deal with the last couple of weeks has been my daily bias. Normally I look at where we are in the weekly cycle e.g whether we are in a 3-moves up phase, 3-moves down phase or accumulation for the week. But with the moves of late it hasn't been uncommon to see one day up, one day down, two days consolidation etc.
With this in mind while still looking at the weekly position I've been taking each day almost in isolation. That is tracking the current move in relation to the London session out of the Asian consolidation and making decisions off that. I'm not sure it's the best approach as its more reactive than forward planning and to be honest it's not how I want to trade for the long term, but just adjusting to current conditions.
Cheers and trade well this week
Hutch
With this in mind while still looking at the weekly position I've been taking each day almost in isolation. That is tracking the current move in relation to the London session out of the Asian consolidation and making decisions off that. I'm not sure it's the best approach as its more reactive than forward planning and to be honest it's not how I want to trade for the long term, but just adjusting to current conditions.
Cheers and trade well this week
Hutch