And that is exactly the problem I am having. It was burned into my brain the small ranges of x number of points on any given index during a 23-hour period. Now it is 10X-15X that range. Oy!
Loved it for the fact that there are some serious movements happening in the market. Have made some good profits especially by trading uso/usd.
You are absolutely right, man! I’m seeing a lot of panic traders right now. They are making hasty decisions which they would regret later on. Meanwhile, I’m sitting back and watching all that is transpiring in the geopolitics as well as the forex market.
Currently, I am in the wait and watch mode. I am not expecting anything nor am I planning anything. It’s just the majors that I will be trading for some time.
I tried making a few trades some time ago but I almost burnt my account. It’s not easy to find a loophole in all that is happening. I am staying away from the market until it settles down a bit.
As a scalper I usually trade in 15 mins time frames usually on the weekends as the market is highly volatile.