Today is September 9, 2008
Last two or three weeks almost all currency pairs were going wild, canceling the forecasts, denying logic, causing lots of troubles to many Forex participants both large and small.
The chaos in Forex still continues, however, already on Sunday, Sept 6, we saw the first glimpse of logic awakening in the market, which created a huge opening gap for major currency pairs and crosses.
Although it signalized about the first attempts to put those unexplainable rallies and sell offs on hold (which is good), it's shaken well everyone whose trading strategies were weak, causing to accept losses or give back all profits earned (which is bad).
Whatever you Forex strategy brought you during those weeks shouldn't scare you much. These conditions were a bit extreme and highly unpredictable even to expert traders. Therefore don't give up on your trading system, give it another chance to recover.
If you system, on the contrary, passed this market test with Flying colors - congratulations! You must be going in the right direction!
Cheese
Forex mouse ~C:>
Tuesday, September 9, 2008
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