For those who are actively trading the forex market in recent times might have notice the changes in the price action of the market. Well, I don’t know whether u guys are aware or I am still new in this field and lacking in experience, but the most obvious change in behaviour is that price action recently is extremely volatile, if we were to compare candle patterns in 5 minute charts. Candles these days are much more bigger compared to previous two months, and that we usually would see “V” shaped turning points in the market, thus making moves hard to catch at times. In addition to that the lack of a solid trend in the market does not make trading any easier. Again the theory of impermanence holds very true in the markets where we see changes across the market on an ongoing basis, that’s way strategy that works yesterday might not be able to perform as well in the near future when the market changes its behaviour. But nevertheless the evergreen techniques of using the SR levels and candlesticks still prove to be profitable. It would only be a hindrance at these times if one would choose to see the situation recently as hazardous and unproductive, but if one would view this situation as an avenue to improve on trading skills then in these challenging times we would see opportunity to discover new trading methods and improve our understanding on the markets. Learning never ends especially when we are dealing with human behaviour and the markets is build based on a large collection of human behaviour amplified by human emotions. So let us take this opportunity to expand and grow with the markets, the desire to excel and keep pace with the markets will eventually led to elite performance !
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