Look traders, the moment you think you have finally figured out how the market works, it changes its behavior…
And that’s the reason we always need to be adapting to the market conditions.
In fact, I believe that it is the single most important aspect of trading, not only forex, but all other markets.
So we always need to be evolving, looking for signs about how the market is behaving, and how it is likely to behave in the following days/weeks to come.
We need to gather that information and use it to our advantage.
Let me show you for instance a few charts:
Do you see a pattern here?
All of them are ranging…
So if the market is ranging, lets just trade that range.
The market has been trading like this for most currency pairs for more than a month, so we need to to adapt our strategy and trade those ranges…
Look at those same charts now:
Now they make more sense right?
That’s what we need to do, every single day traders… we just need to find the right currency pairs to trade…
Make sure you are comfortable with them, only look for the ones that have clear S&R levels and go for it!
What currencies have you been trading in the last month? Results??
Have you been adapting to the market conditions?
Share your thoughts.