This Forex market is crazy. I’m crazy.
You’d “have to be crazy” not looking to pick off this pop in $USD this morning – even on a lark!
As my entry strategies have me placing several smaller orders over time, I will most certainly “roll the dice” ( he he…no I don’t roll the dice ever ) and look to not only add to a couple of existing positions – but open a couple new ones.
We’ve all got our long term ideas ( or maybe you don’t ) then our medium term, and then of course the beloved and most dangerous of them all the short term. Well! – this late in the ball game as far as $USD’s recent retracement goes….entry short here with some reasonably tight stops provides a pretty freakin low risk shot at it – as your risk is pretty well defined.
We’ll see how things play out on this one – as it’s been a grind, but that’s nothing new. We all know how that goes. Juuuuust around the time you’ve actually considered throwing in the towel. Bang! The next morning you’d have been a prophet if you’d just stuck to the plan!
Crazy. Crazy trading out there.
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