Is The Market Crazy Or Is Just Me. - Forex Forum

Hi everyone,

I have been trading for around 4 months now.

My trading style:

Fibo Retracement after a big bullish or bearish rally (around 140~350 pips) then some consolidation if posible then i go long or short for 61% target but with a trailing stop of 50% retracement. Indicators RSI and MACD, MA 55, MA 21, MA 200> for trend

I have been doing this like that with some success specially when the market seems within range or calm like during the holidays but today i had several trade that were just perfect and then after some consolidation(around 10% fibo) it keeps going bullish or bearish (i placed the trades within the average bullish rally after consolidation). Is it because is the beginning of the year or just normal trading???

For me it seems like the market is banging all over the place. I was checking EUR/AUD and the rallies are almost 400~600 pips! and some times alittle bit more 50~100 pips thats for me has become almost a forbitten apple. I notice that I do better with all EUR and GBP crosses except EUR/USD.

Some questions:

What are you thoughts about this.

What were your win:loss ratio before the huge mess!. (Don't need to say $$ but trades)

I'm not an emotional trader but this is kind of disencouraging. Not because I'm looking to become a millionar but because for me trading has become like playing playstation - lol.

This post has been edited by raul: Jan 5 2009, 17:23

No one??

maybe try using a larger time frame to gauge your entry point it sounds like you are just getting taken out by the extreme market volatility that exists in recent markets so maybe a larger stop loss and take longer trades. but remember never lose more that 1-5% of your account on any one trade so if you go for longer stops make sure you adjust your position sizes. e.g. don't risk more money on a larger stop but rather reduce your position size the larger your stop is to a maximum of 1-5% (whatever you are comfortable with I recommend 1% if you are still getting used to the market conditions)

best of luck

The Average True Range on EURAUD is clear... the market is shaking the traders...


In the past I used to trade with a 30 pips stop loss and a target at 100 to 150 pips.
Now I often have a stop loss at 100 pips and target at 300/400 pips...

It seems crasy but if you adapt your risk/reward and money management you can trade with high volatility.