In this week’s video I explain the WHY of getting flat before the Fall trading season, which pairs I am flat in based on the daily market trend (aka Directional Bias), and how to look for short-term opportunities.
I think one of the bigger mistakes traders make is not adjusting their expectations according to the time frame being traded, and I think that’s where many traders could benefit from learning some of the nuances of hourly pip movement ranges and rhythm as well as which financial centers are in session. I discuss all this in the presentation.
Even though I may transition into more “daytrading” (that term is really not applicable in the traditional sense in forex) I still respect the dominant trend as that never be too far from a trader’s mind. The short-term approach is ideal to non-trending symbols as well as where I am at right now which is trying to step away from longer-term commitments to the markets.
As always, questions and comments are encouraged and welcome.
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This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.