a smart thing last week woulda been to stay away from usd and jpy pairs
i personally traded eurchf gbpchf euraud
shortin gbpchf on every move up.
i did more than 100 pips a day last week
i doubled a sub account(a bit high risk but small money)
i know its probably a typical carry unwind like the past ones but picking bottoms like alotta people did is dangerous. ive gotten burnt before doin that and i figured the best thing to do during an unwind is stay away. when the trend resumes back up then start buyin again
i noticed some and not all carry traders almost dont focus on any other aspects of making money. so what are these people gonna do when the carry tradin is over later on? thats why i think whatever ur trading style is, u should at least know how to get by with some trendlines a long term moving average and maybe a stochastic and at least pick up retracements in strong trends for a dozen pips a day
i personally traded eurchf gbpchf euraud
shortin gbpchf on every move up.
i did more than 100 pips a day last week
i doubled a sub account(a bit high risk but small money)
i know its probably a typical carry unwind like the past ones but picking bottoms like alotta people did is dangerous. ive gotten burnt before doin that and i figured the best thing to do during an unwind is stay away. when the trend resumes back up then start buyin again
i noticed some and not all carry traders almost dont focus on any other aspects of making money. so what are these people gonna do when the carry tradin is over later on? thats why i think whatever ur trading style is, u should at least know how to get by with some trendlines a long term moving average and maybe a stochastic and at least pick up retracements in strong trends for a dozen pips a day