The market seems really choppy at the moment, hard to pick a winner. Anyone else experiencing this? Why is the USD/Yen heading north? Thought it was supposed to be heading south for the winter!
I hate this choppy market 31 replies
How do forumites trade in choppy waters 15 replies
DislikedI love choppy market too. I earned totally about 200 pips on this past wednesday with the major pairs(EUR/USD, USD/CHF, USD/JPY). I guess some of you may need to develop a strategy on range and choppy environment since the market are in range most of the time.Ignored
DislikedI love choppy markets. They are relatively easy to trade - support, resistance, fibo, etc. It's better than waiting around for the big trend. At least you get to make some money. Keep your eye on the 1 hour and 4 hour charts, and it becomes quite apparent, where to go long or short.
My 2 cents worth.Ignored
DislikedIt's hard to explain my trading style - because I look at news, charts and my perception of the overall market -all of which result in a gut feel that "now is the time" to put on a trade.Ignored
DislikedMy opinion is that one must execute the trades following his/her system with ice-cold blood. Gut feelings are potentially dangerous.Ignored
Dislikedi agree the only charts i have open all the time are 1hr and 4hr charts i use no traditional indicators only pp, support, resistance, zigzag and shi channel, the price almost always hits these points or very close then i make the call it takes patience and discipline but it becomes very predictable. i only trade eur/usd. (my nerves can only handle 1 currency pair )
whether its choppy or not becomes less of an issue...Ignored
DislikedCan you tell us more about what you use to determine s/r?
What is the 'shi' channel?
What PP do you look for? All patterns or only specific ones?
(Always interested in learning more...)Ignored
DislikedI wont try to judge your trading style Teddy, but beware of the "gut feelings". I personally dont believe in them. My opinion is that one must execute the trades following his/her system with ice-cold blood. Gut feelings are potentially dangerous.Ignored
DislikedI just got out of a NZD short for 48 pips, decending triangle pattern and waiting for a break down - based on intuition, just knowing that this sucker is going to tank.Ignored