forexflowlive

ForexFlow · @forexflowlive

15th Jun 2021 from TwitLonger

Anyone else going stir crazy?


Break, no break, break, no break, break, no break.

I'm finding it quite tough right now. For the last few years I've been doing the Slice n Dice strategy, which works well for quieter markets but even that's becoming tough as prices are just stagnating.

Trying to play the range edges and breaks is slow going too. There was a break opportunity in cable through 1.4070 but I wasn't confident in what it might have yielded (I had a level at 50), so didn't want to get caught in a small break and/or fake out. Ok, that went a bit more than I expected but then wallop, and it's back up again.

AUDUSD is similar. Possible break op through 70's but again, is there going to be any margin in it before the next level shows up (60's? 50's?)?

It's not that I don't mind scrapping for pips at any time but I'm not the type of trader who can, or wants, to try and do that every minute of everyday.

If the s/t strat I'm most comfortable with for slower markets isn't good for these markets, I'm going to be sitting on my hands more and more. If that goes on for a prolonged period, the trading demons start popping their heads up and it becomes a battle to not trade for the sake of trading.

Overall, I know this is just a battle of patience. If I don't trade much, so be it but I've got to say, my interest levels in all of it (trading, data, news etc) is on the floor right now.

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