Sunday, April 12, 2009

So what do you do on slow days?

I often get asked on what i do on such slow days such as today when the movements are so less and so slow as well. I either not trade the market or if i am very bored and i do happen to trade, i try to find the range that the market is in. On such days, market, i mean each pair, tries to stick within a specific range . So, our aim is to find the range , wait for the price to reach the bottom or top of the range and go long or short respectively.

Not only that , i increase the lot size and decrease my TP and SL so that my leverage remains the same. I do this when the range is narrow and there are not many pips to be made.

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