Coronavirus outbreak - markets
forex_trader_1164434
Mitglied seit Mar 03, 2020
1 Posts
Mar 19, 2020 at 11:13
togr posted:
Hi there,
is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...
From my little world at home i just try to follow my rules, what i have noticed is that the moves are faster, and the daily ATR numbers are larger on the AUDUSD, i still have a difficult time following my bet size rule. I have the ATR in there as a way to say hey slow down, if the ATR gets to High i reduce the number of trades open at one time , not the number of units per trade. But alas i am still learning and controling my bet size is the main prob i have.
Good luck in your trading, yes i have noticed changes , how fast the price moves, but not a change in the rule set , so if my rules say buy im buying and if my rules say sell im selling, or at least should, my human behavior gets the best of me sometimes and i still have problems following my rules, and either luck saves me or i have a string of 5 or 6 loses as a slap on the wrist
Mar 19, 2020 at 12:41
littlenomad posted:togr posted:
Hi there,
is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...
From my little world at home i just try to follow my rules, what i have noticed is that the moves are faster, and the daily ATR numbers are larger on the AUDUSD, i still have a difficult time following my bet size rule. I have the ATR in there as a way to say hey slow down, if the ATR gets to High i reduce the number of trades open at one time , not the number of units per trade. But alas i am still learning and controling my bet size is the main prob i have.
Good luck in your trading, yes i have noticed changes , how fast the price moves, but not a change in the rule set , so if my rules say buy im buying and if my rules say sell im selling, or at least should, my human behavior gets the best of me sometimes and i still have problems following my rules, and either luck saves me or i have a string of 5 or 6 loses as a slap on the wrist
It's the only way to go, this month has been my best month for the past six months, i guess my strategy does well during volatile times
Proverbs 22 vs 29
Mitglied seit Mar 05, 2020
5 Posts
Mar 20, 2020 at 08:30
Kingace posted:Strange as it may seem but I earned this month although I did not think. All thanks to these sharp jumps in the stock market. But this is more an accident than the expected result. What is happening now in all markets, and I do not like it.littlenomad posted:togr posted:
Hi there,
is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...
From my little world at home i just try to follow my rules, what i have noticed is that the moves are faster, and the daily ATR numbers are larger on the AUDUSD, i still have a difficult time following my bet size rule. I have the ATR in there as a way to say hey slow down, if the ATR gets to High i reduce the number of trades open at one time , not the number of units per trade. But alas i am still learning and controling my bet size is the main prob i have.
Good luck in your trading, yes i have noticed changes , how fast the price moves, but not a change in the rule set , so if my rules say buy im buying and if my rules say sell im selling, or at least should, my human behavior gets the best of me sometimes and i still have problems following my rules, and either luck saves me or i have a string of 5 or 6 loses as a slap on the wrist
It's the only way to go, this month has been my best month for the past six months, i guess my strategy does well during volatile times
Mitglied seit Feb 24, 2020
7 Posts
Mar 20, 2020 at 12:31
Markets are too volatile now. Technical set ups need huge stop losses. I am used to 20 pips stop loss but technical now say Sl should be 200 pips!
Mar 22, 2020 at 23:59
rabbithoe posted:Kingace posted:togr posted:Kingace posted:togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.
That's why there's provisions for Stop Loss and Trailing Stop
You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet
A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker
In a sudden move the price jump across your stop loss, the stop loss gets triggered but when it closes all position, the price is already moved far away from the level you set before. Also to stop loss you need people who are willing to trade against you at your SL price. Event such as Swiss franc in 2015 will blow up your account no matter you have stop loss or not. Because nobody is trading against your stop loss.
The black swan videos on forex academy youtube covers this well
Mitglied seit Mar 23, 2020
9 Posts
Mar 23, 2020 at 11:35
I see that as a good thing (for Forex trading). Over the last 12 months the price movement has flat lined on all FX pairs. Now we have volatility and potential for profit
Mitglied seit Feb 22, 2011
4862 Posts
Mar 23, 2020 at 12:19
princesslint posted:What was flat?
I see that as a good thing (for Forex trading). Over the last 12 months the price movement has flat lined on all FX pairs. Now we have volatility and potential for profit
Mitglied seit Mar 18, 2019
98 Posts
Mar 23, 2020 at 14:35
agreed lot sof profit ops at the moment even now there is slightly less volatility than last week
Mitglied seit Mar 18, 2019
98 Posts
Mar 24, 2020 at 15:35
togr posted:
Hi there,
is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...
this week markets are less volatile than previous week so that's okay but still some profitable ops out there
Mar 25, 2020 at 05:29
I agree with reducing lot sizes and widening stops due to the insane volatility we've seen recently. Take extra precautions with risk management to avoid blowing up your account. However, this has been a great opportunity to make money. The market has been extremely volatile, as well as predictable over the last 2 weeks. Don't forget to keep up with news regarding COVID-19 and the measures countries are taking to control it.
Mar 25, 2020 at 07:34
AdamCantor posted:togr posted:
Hi there,
is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...
this week markets are less volatile than previous week so that's okay but still some profitable ops out there
I agree with you... i believe the markets will pick up soon. just need to have some Patience and Faith.
Mitglied seit Feb 22, 2011
4862 Posts
Mar 25, 2020 at 08:44
You make more money because you are risking more,
nowadays pair could slip 100.0 pips in a moment.
That is opportunity to make bigger profit but also bigger loss
Keep that in mind.
nowadays pair could slip 100.0 pips in a moment.
That is opportunity to make bigger profit but also bigger loss
Keep that in mind.
Mitglied seit Mar 25, 2020
9 Posts
Mar 25, 2020 at 11:03
togr posted:
You make more money because you are risking more,
nowadays pair could slip 100.0 pips in a moment.
That is opportunity to make bigger profit but also bigger loss
Keep that in mind.
Whether price move 10 pip or 100pip it is all the same to me. I equalise my Lot size so that I risk the same always
Mar 25, 2020 at 15:58
With this coronavirus I observe a roller coaster on many currencies where there was not so big volatility as it is now. I don’t even know whether it is worth risking and trading? As far as I see in most major currencies, the trend is down.
Mitglied seit Jun 01, 2012
5 Posts
Mar 25, 2020 at 18:46
Hi Anastasi,
I trade mostly scalping related trades now. They have a lifetimes as open trade between 2 seconds and 300 seconds. To be able to control this way of trading, I use EA. I do normally OK with this type of trading when it is volatile market.
I also use another setup for trading less volatile markets.
I just started a new account now, and as you can see, there is volatile situations, but the system seems to be able to control this quite 'angry' market.
I have created this system using different controller components. The system as it is now has become fully automatic, but the total product is quite complex now.
And yes, trading is still worth to do, but you need the right tools as usual.
Good luck!
Erik
I trade mostly scalping related trades now. They have a lifetimes as open trade between 2 seconds and 300 seconds. To be able to control this way of trading, I use EA. I do normally OK with this type of trading when it is volatile market.
I also use another setup for trading less volatile markets.
I just started a new account now, and as you can see, there is volatile situations, but the system seems to be able to control this quite 'angry' market.
I have created this system using different controller components. The system as it is now has become fully automatic, but the total product is quite complex now.
And yes, trading is still worth to do, but you need the right tools as usual.
Good luck!
Erik
support@
Mitglied seit Feb 22, 2011
4862 Posts
Mar 27, 2020 at 14:36
andrew_2 posted:Yeah I have the same point of view
Yes coronavirus negatively affected on my trade. Now I have almost stopped trading. The market is now so volatile. I did not even expect this at first. 😕🙄🙄🙄🙄
Mar 28, 2020 at 16:09
As for me everything is very bad entirely and absolutely on basically every possible level here, I do assume all will fix itself. But I plan to to make buys on every money I have now and just wait out over time till it work again with new waves entirely.
Mar 31, 2020 at 06:59
andrew_2 posted:That's much better. Just give it a break than to incur losses.
Yes coronavirus negatively affected on my trade. Now I have almost stopped trading. The market is now so volatile. I did not even expect this at first. 😕🙄🙄🙄🙄
Mar 31, 2020 at 19:01
I can really tell you that we may need something like dealing with commodities entirely at least for the moment, cause all else simply do not work absolutely on any level. Where do you plan to get it done? Let's find out clearly. All esle is simply unpredictable now.
