Took a hit this week.
It had to happen sooner or later, losses are normal, truth to be told is that with current market conditions this strategy is hard to trade, at least for me.
I'm particularly referring to Yen strength and uptrend and prolonged downtrend of AUD and NZD.
When pairs trend strongly and don't swing best position is to stay out, unless you're already in, in this case you've to manage your positions to limit damages.
It had to happen sooner or later, losses are normal, truth to be told is that with current market conditions this strategy is hard to trade, at least for me.
I'm particularly referring to Yen strength and uptrend and prolonged downtrend of AUD and NZD.
When pairs trend strongly and don't swing best position is to stay out, unless you're already in, in this case you've to manage your positions to limit damages.
Porta itineris dicitur longissima esse
5