All I have to say is that traders these days just need to settle down, regain there focus and get right back to basics. And i’m referring to position and swing traders alike. Oh what am I talking about, you can’t forget us daytraders. Many of my trader friends are taking the markets to seriously. Yeah everyone is talking about the dollar being a little wishy washy. Yeah some strategies are getting killed in this current environment. Yeah I know it’s summer time so the action may seem a little fickle. But my friends there is action to be had. Just checkout this blog for instance where we post almost everyday. The thing is that with the daytraders, many are trying to stay ahead of the game by anticipating the news coming out from the fed and such. They are trying to meld several trading strategies together, but not successfully. The position and swing traders are unclear and are quite conflicted as to where particular pairs may go. Especially If they specialize in only a few pairs (I have a buddy that only trades the GBP/USD). All I have to say expand your basket of currencies. Get back to what was working. And if you are unclear, there are enough pairs out there that you can be sure about. Also make sure that the method you use is capable of being universally traded, i.e. I can literally trade equities with the same system I use to Trade Forex. FXPOWER! can be used on any time frame and any pair. That’s the beauty. So get back to basics folks and you’ll be just fine. If you need any help drop me a line.
