Some time ago I read that “you’ll know you’ve become a successful trader when…” – you are bored stiff with it. I’m not sure I’d go quite that far, but can say with honesty that days like yesterday (and now today) do put one to the test. With extremely light volume and the USD STILL HANGING THERE – markets appear to be stalled and trading with little conviction.
During these slow times I try my best to go and find something else to do in that – staring at a screen full of candles and lines going absolutely nowhere is not exactly my idea of a good time. One still needs to remain disciplined and vigilant but sitting there watching “paint dry” can wear on you psychologically – and you don’t want that.
With most trades in the green / flat and markets flat as a pancake – Im out of here for today and will likely go find something more interesting to do…hmmm….maybe go get a tooth filled.
I can’t stay on the sidelines – running hot…. only one par trading long audusd stacked order between 1.03040 & 1.03125. small take in nzdusd but just scalping there for now…
Hi Schmed – this market is a grinder right now. I’ve had an extremely flat and boring/frustrating week here, and hope that the U.S data here on Thursday morn might give us a decent move.
In general – Im sitting like 80% in cash and will see how things unfold here today.