A relatively quiet weeks trading...... for me at least.
Took some profits on other pairs I'm involved in, adjusted some stops, a couple of pairs triggered...UCHF being one of them as shown a few days back, and that was about it.
Seems to me that the markets are generally jostling around for the time being and that usually means there will be plenty of false moves ahead for all, so care obviously required....as usual.
I have pending orders in place for a few pairs, and should they trigger then fine, but I won't be actively looking to do much more than what I already have in place personally until probably weds onwards when the picture should start to unfold.
Those that trade the lower t/fs will naturally find what they consider to be good entry opportunities, but they will also find themselves chopped about and then blame the market when stops are hit. This all means that the edge greatly favours brokers more than traders at this point in time especially on lower t/fs imo, hence my patience until that edge is sufficiently in my favour to get involved.
The market is far far more resourceful than any trader remember, and will inflict as much hurt as it possibly can, and most particularly in these uncertain times that we are in at present. Keeping the powder dry is as good a method as any for now!
Took some profits on other pairs I'm involved in, adjusted some stops, a couple of pairs triggered...UCHF being one of them as shown a few days back, and that was about it.
Seems to me that the markets are generally jostling around for the time being and that usually means there will be plenty of false moves ahead for all, so care obviously required....as usual.
I have pending orders in place for a few pairs, and should they trigger then fine, but I won't be actively looking to do much more than what I already have in place personally until probably weds onwards when the picture should start to unfold.
Those that trade the lower t/fs will naturally find what they consider to be good entry opportunities, but they will also find themselves chopped about and then blame the market when stops are hit. This all means that the edge greatly favours brokers more than traders at this point in time especially on lower t/fs imo, hence my patience until that edge is sufficiently in my favour to get involved.
The market is far far more resourceful than any trader remember, and will inflict as much hurt as it possibly can, and most particularly in these uncertain times that we are in at present. Keeping the powder dry is as good a method as any for now!