As I read through various posts on forums this weekend, I keep seeing a theme. This theme is a trap that a lot of us newer, and completely new guys get caught in.
It basically is when you see extreme moves in the Forex Market, and either don't get involved, or get "enough". When I look at the charts this weekend, I can't help but think, "Man, I should have went long EUR/AUD." Huh? When in the hell have I EVER played that pair? Remember, hindsight is 20/20. So what?
It's so easy to see it now. But always keep in mind that as these things are happening, you can never guess that the pair is going to break multiple resistance or support levels. If you are beating yourself up about "What could have been....", then it's time to get a grip. When you are in a trade, anything can happen. But, these moves don't happen everyday. Who would have guess a 1,000 pip drop in Yen pairs?
I also read a post where a trader was saying he stuck to his system and only landed a "few hundred pips" on the GBP/JPY. He was feeling a touch down about it, because there was so much more to be had this last week. A few hundred pips sounds like a damn fine week to me. (The alternative is to be the person who blew up this week, and judging by these moves, I am sure there are quite a few out there.)
So, I guess the thing I would leave you with is this: Just take what the market, or your time will allow. ANY GAIN is a good one.
It sure as hell beats the alternative....
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