Was going to post this in the interactive discussion because I don't want it to just be me posting - but it turns out I can't
Within the past year I have had decent sized winners on USDJPY (long) and EURCHF (short) - should have been more though on USDJPY.
However trading this past 6 months has been hard, no real directional moves in many of the currencies, and my account has given back some of those gains. 6 months of flat trading, or small losses is a real pain and in the midst of it all you have to wonder at times is this really worth it? Yes is the answer, but not at all costs.
I have had what seems like positions ready to run, only for a 600 pip pullback to wipe out gains. You always try to take something off the table, but is 500 pips really the goal when trying to capture huge fundamental shifts and dramatic changes in pricing? - for me personally, no.
Failed positions included several attempts to get long USDCAD, short NZDUSD and SP-500. I think I am too late perhaps to the former 2 pairs, and blatantly still too early for the SP-500. I took some money off the table for each covering the costs but wanted more, the markets however just isn't ready to give more which is frustrating.
Times like these where I feel we are just waiting for some kind of catalyst, and in the boredom I thought I would create this thread and see if anyone agrees.
One thing I don't much like is everyone spamming their technical analysis everywhere, I don't care, and I suspect most position traders don't care for your particular type of technical analysis either. I am of the opinion that how you enter a trade is not nearly as important as some make it out to be. But by all means post your chart, what you see etc.
What would be appreciated is a more thoughtful discussion on fundamentals.
Pardon my grammar and spelling.
Within the past year I have had decent sized winners on USDJPY (long) and EURCHF (short) - should have been more though on USDJPY.
However trading this past 6 months has been hard, no real directional moves in many of the currencies, and my account has given back some of those gains. 6 months of flat trading, or small losses is a real pain and in the midst of it all you have to wonder at times is this really worth it? Yes is the answer, but not at all costs.
I have had what seems like positions ready to run, only for a 600 pip pullback to wipe out gains. You always try to take something off the table, but is 500 pips really the goal when trying to capture huge fundamental shifts and dramatic changes in pricing? - for me personally, no.
Failed positions included several attempts to get long USDCAD, short NZDUSD and SP-500. I think I am too late perhaps to the former 2 pairs, and blatantly still too early for the SP-500. I took some money off the table for each covering the costs but wanted more, the markets however just isn't ready to give more which is frustrating.
Times like these where I feel we are just waiting for some kind of catalyst, and in the boredom I thought I would create this thread and see if anyone agrees.
One thing I don't much like is everyone spamming their technical analysis everywhere, I don't care, and I suspect most position traders don't care for your particular type of technical analysis either. I am of the opinion that how you enter a trade is not nearly as important as some make it out to be. But by all means post your chart, what you see etc.
What would be appreciated is a more thoughtful discussion on fundamentals.
Pardon my grammar and spelling.