Starting it off.
Al
MA
MarcinO
Rep: 67
Posts: 5,506
Hi guys. Let me explain myself for not posting recently. There are two reasons why I stopped to do it.
The first one is that whenever I post an area or a few more I find it much more difficult to abandon market scenario related to them, if I have 'gone public' with it. Of course I know that everyone in this forum realizes that trading is a probability game and we are not picking one another when market doesn't follow someone's assumptions. Anyway, I discovered that I am way more flexible when I don't post my areas, and I will have to keep it that way until open mind becomes my second nature.
Apart from that, as I pointed out many times, FX market is in a prolonged low intraday volatility mode for over a year and a half now. These are the worst market conditions for FX I have seen in the last 20 years of history. So right now it's all about reading tiny clues and be on the very top of one's abilities to get somethong out of it. Most of the times the market will not get to your area, instead going sideways for hours (days with 4-5 hours of European session staying in 30-40 pips range are typical these days, unfortunately). As a result there is no point to attach too much importance to any areas or plans, but simply be ready to react.
When I feel I am ready to post without doing damage to my trading, I will come back. But to be honest, if this low volatility remains in upcoming months, I am not really sure how long I will survive. You see, although I try to follow a couple of markets, I can trade only Cable, so if this market stays low, I will not be able to make it. What bothers me, is that although volatility of ES or NQ exploded this year (2017 sucked all over the markets) there is no reaction in FX, which makes me think this market is all rigged, with only bots trading, as there is no real money there.
The first one is that whenever I post an area or a few more I find it much more difficult to abandon market scenario related to them, if I have 'gone public' with it. Of course I know that everyone in this forum realizes that trading is a probability game and we are not picking one another when market doesn't follow someone's assumptions. Anyway, I discovered that I am way more flexible when I don't post my areas, and I will have to keep it that way until open mind becomes my second nature.
Apart from that, as I pointed out many times, FX market is in a prolonged low intraday volatility mode for over a year and a half now. These are the worst market conditions for FX I have seen in the last 20 years of history. So right now it's all about reading tiny clues and be on the very top of one's abilities to get somethong out of it. Most of the times the market will not get to your area, instead going sideways for hours (days with 4-5 hours of European session staying in 30-40 pips range are typical these days, unfortunately). As a result there is no point to attach too much importance to any areas or plans, but simply be ready to react.
When I feel I am ready to post without doing damage to my trading, I will come back. But to be honest, if this low volatility remains in upcoming months, I am not really sure how long I will survive. You see, although I try to follow a couple of markets, I can trade only Cable, so if this market stays low, I will not be able to make it. What bothers me, is that although volatility of ES or NQ exploded this year (2017 sucked all over the markets) there is no reaction in FX, which makes me think this market is all rigged, with only bots trading, as there is no real money there.
MA
MarcinO
Rep: 67
Posts: 5,506
Thanks, Al. I am dropping by and watching your and rat's charts, but rather not place mine.
Keep up the good work, guys!
Keep up the good work, guys!
RA
rat89
Rep: 0
Posts: 7,015
Sorry to hear that Marcin....we value your posts here of course, and the most important thing as a trader is to survive. I have had difficult times as a trader, and it is very important to back up and breathe. No one puts a gun to your head and forces you to trade. You don't have to trade. When you see your trade, you will know, and you do not have to do anything until you see it.
