It’s easy to get caught up in the day-to-day “up’s n downs” of the markets.
A couple of days go by, you make a buck , then you lose a couple. Then slowly but surely the intraday / micro stuff “becomes your world”. Obsessed with the tiny “zigs and zags” that make up your charts, confounded by the “barage” of daily news – you’ve lost touch. You’ve lost your focus.
Have you forgotten?
Have you forgotten that we are smack dab in the middle of one of the most vicious currency wars of the past few decades – let alone your entire lifetime??
And you wonder why thing aren’t going so well.
A number of prior posts come to mind, in particular: https://forexkong.com/2013/01/31/2013-you-will-never-trade-it/ but that’s beside the point. The point is…..you’ve got to get a handle on you environment before you go running off into the sunset!
The zigs and zags will always be there. It’s the environment that changes.
Do you get all excited about going fishing in the rain?
That being said Japan has no idea what to do with respect to the Fed’s move yesterday, as markets are clearly stunned. My printing press , your printing press etc.. It’s “war on” people – no question about it.
In general we are seeing “all fiat currencies” falling, and it’s only a matter of “which is falling more” when considering your trade plan.
There is no “strength”.