Hi McRotter,
I believe the correct perspective is, if anyone is trading like this, they are participating. It is not about catching the moves any more.
When you see a move like this, position (millipede) traders are already in and profiting.
It has been my experience that it is easy to lose, even in this type of market, if you don't have the proper mindset.
In this type of market, millipede traders watch their P&L climb.
USDJPY resumed the climb at the touch of january's highs. This sort of area is a sign for me to start buys and diversify some of the sells.
I personally don't just take counter trend signals for the sake of it, need a good reason like this.
It is working very well for me also.
aristides.
I believe the correct perspective is, if anyone is trading like this, they are participating. It is not about catching the moves any more.
When you see a move like this, position (millipede) traders are already in and profiting.
It has been my experience that it is easy to lose, even in this type of market, if you don't have the proper mindset.
In this type of market, millipede traders watch their P&L climb.
USDJPY resumed the climb at the touch of january's highs. This sort of area is a sign for me to start buys and diversify some of the sells.
I personally don't just take counter trend signals for the sake of it, need a good reason like this.
It is working very well for me also.
aristides.