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Trading during nervous times - which markets?

  • #1
  • First Post: Nov 20, 2011 4:39am Nov 20, 2011 4:39am
Hello, I’m an intraday trader and my strategy is to catch some good pips during the day, so I’m not a scalper.

So my problem is that during the past weeks or even months there is no consistent trending, for example last Wednesday and Thursday no consistent trending more ranging and if its trending there are only spikes (no consistent trending). Last Friday was good but that's a rare exeption nowadays.

So how do you avoid it? Do you evade and choose other markets or instruments?

Best regards

Pierce
  • #2
  • Nov 20, 2011 5:17am Nov 20, 2011 5:17am
One MUST learn to trade ranging or choppy markets. 70% of the time market will be in ranging condition or so. if you cannot trade during range or choppy conditions, you cannot be successful. Agreed that it is harder to trade choppy markets, but thats how it is. This is the area where most people fail and lose.

so keep learning and practicing to trade ranging markets. E.g. look at eur/gpb last friday. It was ranging, but there were some nice pips to be made.

Again ..good luck !!
  • #3
  • Nov 21, 2011 2:40pm Nov 21, 2011 2:40pm
I agree, nothing but chop, chop, chop lately...
  • #4
  • Edited 3:30pm Nov 21, 2011 3:19pm | Edited 3:30pm
Wow.

It is MUCH easier to trade a ranging market.

It is incredibly easy to sell at an OBVIOUS resistance level and buy at an OBVIOUS support level.

Trending markets are the ones that are difficult to trade. You have to figure out when a retracement is going to end (entry) and when the trend is going to start retracing (TP).

Please explain to me how that is easier.

In a ranging market, I can make non-stop long and short trades, one after another, trading high volume with large profits. Trending markets are dangerous and unpredictable. It's amazing and mind-boggling that most traders would rather trade (or attempt to) a trend than a safe and obvious range.

Then again, I have a zero-tolerance policy for loss (i.e., no tight SLs), but I can also avoid all fundamental bombs before they happen. So I guess for traders who have no clue of the fundamental aspects, they have to set tight SLs and try to get in on a surging trend.

I would never trade in such a way that half of my trades would result in a loss because I wasn't *sure* whether or not a surge would be happening. That's no way to grow your account.
  • #5
  • Nov 22, 2011 12:58am Nov 22, 2011 12:58am
Quote
Trending markets are the ones that are difficult to trade. You have to figure out when a retracement is going to end (entry) and when the trend is going to start retracing (TP).

Quote
Please explain to me how that is easier.

you are telling me that YOU find it difficult to trade trends. There are plenty of ways of doing this. Even noobs do this all the time. I have seen them do better in trending markets. Do not get offended , I m not saying you are noob. I m sure you are an expert in trading ranging markets. But just because YOU can't trade trends, does not make it diffcult.

I normally use Supply/Demand levels during trends and non-trends, and trending markets are usually easier to trade ,because you know the direction. In choppy markets , you dont know when the direction will change. Hence you have less oppurtunity to trade choppy markets also.



Quote
Then again, I have a zero-tolerance policy for loss (i.e., no tight SLs), but I can also avoid all fundamental bombs before they happen. So I guess for traders who have no clue of the fundamental aspects, they have to set tight SLs and try to get in on a surging trend.

Who ever mentioned tight SL. but you can see my charts, I have nice tight SL. I rather focus on "How much i can lose" than how much i can make. so even if my tight SL are hit. thats fine for me. I look for next oppurtunity.

About fundamentals, the price has already factored that in.

Quote
I would never trade in such a way that half of my trades would result in a loss because I wasn't *sure* whether or not a surge would be happening. That's no way to grow your account.

Are you telling me that you are always *sure* of your trades?.
  • #6
  • Nov 22, 2011 1:48am Nov 22, 2011 1:48am
I do not choose other markets or instruments in such situation while prefer to take help of experts who have great knowledge of such situation and already face such time in their trading life.
  • #7
  • Nov 22, 2011 7:06am Nov 22, 2011 7:06am
hi Pierce, I think the main problem is you , not the market , because if you waiting for a consistent market ... it's useless , because the market never ever consistent,

all we can do is consistent with our system, just pick one system right for you , and consistent with it, and discipline .

--------

good forex trading system
  • #8
  • Last Post: Nov 22, 2011 8:41am Nov 22, 2011 8:41am
Oh, it sounds like trading is a no brainer? I just noticed, Oanda sent me a mail that says let's wait out the storm. Let's not trade (too much) in this crazy market. They're right. We have all the time in the world anyway.

There is a market that's safe even these days! The meat market! LOL I want a duck soup. Steaming, delicious soup. With small, golden drops of fat on top.

Ok, seriously. Trade only small positions and trade only the peak hours, with "normal" liquidity. Stay away from exotics, and crosses that have a spread > 5 pips during the London session. And count your lucky stars if you can make a positive pip

Quoting kibescorp
Wow.

It is MUCH easier to trade a ranging market.

It is incredibly easy to sell at an OBVIOUS resistance level and buy at an OBVIOUS support level.

Trending markets are the ones that are difficult to trade. You have to figure out when a retracement is going to end (entry) and when the trend is going to start retracing (TP).

Please explain to me how that is easier.

In a ranging market, I can make non-stop long and short trades, one after another, trading high volume with large profits. Trending markets are dangerous and unpredictable....
forget about tomorrow, just steal away into the night
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