Quote:
Originally Posted by Jayson Wonder
I cannot make any sense of this market, I am getting burned on every trade. Nothing makes sense to me any more.
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Jayson, you are not alone!
Retail traders are getting the short end of it in the whipsaw trading over the past many days.
My suggestion is, use my GRAY algorithm (Greedy and Risk Averse Yet). Use 1 pip stop loss (or something very tight). If you catch a breakout then let the profit run for 100 pips. Else, it is ok even if you lose 80% of the trades (which is usual in forex trading). Reduce the risk! That is the key.
