I think what we see today (and probably yesterday already) is the clash of intra-day traders and swing traders with deeper pockets where swing traders try to grap the money from intra-day traders with seldom occurances like yesterday already and even today. So if you can survive these days as intra day trader / scalper you will be very sure profitable in the long run. I'm currently yesterday +/-0 and today not yet 1 avg. day down which is awesome for such a market. One normal day and I'm 0 again and: day is not yet over, I can still manage, even today, to get +/-0 again.
For larger time frame traders, currently is heaven. That's where they make money,- unfortunately for them that (movements) are very seldom.
Edit: Statistically we are complete in an extrem now. I go 2 x avg. Position long on 1.2117 for scalp first. I kicked out before at 1.2121 with a potential loss. This approach is not technical analysis, it is pure statistically, please be careful doing the same.
For larger time frame traders, currently is heaven. That's where they make money,- unfortunately for them that (movements) are very seldom.
Edit: Statistically we are complete in an extrem now. I go 2 x avg. Position long on 1.2117 for scalp first. I kicked out before at 1.2121 with a potential loss. This approach is not technical analysis, it is pure statistically, please be careful doing the same.
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