CADJPY got caught up in the “black swan” event yesterday. Yesterday is exactly why you have stops for events that YOU CAN NOT CONTROL OR PREDICT. No one really knows the reason for what happened yesteray. What is Greece? What is the terrorist attacks? What is a trader pressing a wrong key? Who knows and really who cares. What you going to do knowing that piece of information. Nothing…move on…..
We will wait till next week and start to look at trades again.
For EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose