2021-09-20 11:05:45
The mistake many make as developing Traders, is to assume that there is always an opportunity. The truth is, there are times when no low risk opportunity is offered.
It might look like it, it might resemble a time when it did this or that... but do not fall victim to this. Most indeed fall to this incorrect assumption.
For those in Forex, at the present, you might be finding it a bit harder to determine a Daily Bias. This is largely due to the market being held in consolidations in a moment in time... when every large fund is scratching their heads.
As Traders, we need volatility to profit. If the market is quiet, listless... or of no interest... money will not be funneled into it. It will require some future event to kickstart the interest in that market again.
That is what we are dealing with, at the moment. The Algorithm is not broken, changed or nonexistent. It is merely showing a prolonged period of consolidation. In short, the Central Banks are holding it still or "quiet" for now. This is a good thing.
Why is this a "good thing", you might ask?
There will likely be a period of incredible volatility in the coming months. Money never sleeps and it never grows tired of seeking yield. The Central Banks know this and they will serve up, in one manner or another, an increased pace in the markets.
Do not be surprised if it comes in the form of a painful, unwanted event. As a Speculator, we do not care what the catalyst or root cause was... we just want movement. For some this creates a moral dilemma and I will leave that for you to sort out. I made peace with that mental snare long ago... and it is a personal thing you will sort out for yourself... or not.
When markets are in quiet periods like they are in Forex, you can look at other asset classes like Index Futures or Commodities. I am personally keeping my eye on those markets and allowing the Forex market to get its footing again.
Patience is a hard thing to forge in a market like this. For the new developing students... you are trying to learn in the most difficult period in market history. Keep that in mind and never quit.
This too, shall pass.
As you were...
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