Dislikedsonic , i want to ask you something .. why is it last year, we have very high amount or volume movement ? i just going tru the the previous post, we have 600+pips average on EJ alone .. 100pips is an easy catch ..
but nowdays daily average of EJ is around 150-180 .. and unpredictable .
p/s: i think my current chart is too messy . i like the template i used last year .. haha .. so easy and simple but effective ..Ignored
Last year 2008...was one of the craziest year in business/stock/FX history...
Especially after Lehman failed, market literally dropped into abyss....
1. Everyone was dumping their positions and taking refuge on US backed treasury..
2. Previously, many institutions had SHORTed USD for years, due to carry trade (“remember roll-over methods with no SL..?”)and better high yield opportunity else where..(HK Stocks, Commodities..)..and they are dumping their positions for the exchange of cash aka USD...
These two reasons caused massive Rally in USD…
GBP/USD got wiped out of it more than 5 yrs of gain in the matters few weeks....(It was really fun)
http://3.bp.blogspot.com/_c_J_IFR6x3...p-You-Fers.jpg
I do think this kind of wild days are over..and wide ranging periods are here to stay...
We will need to be more discipline(do not rush for a trade) and proper money management(Balancing your greed and fear)..
And Last but not least, Sonikers will be Fine..
Sonic