Markets are dead...
So markets are pretty dead today. There are some pairs retracing and GBP is moving slightly higher but most price action is sideways.
FX can be like this sometimes.
I was thinking, 'perhaps there are other markets we could trade when FX is quiet'. A quick look at GOLD and SILVER... They are dead as a door nail! Perhaps OIL? Moving sideways. Indices! No, moving sideways.
I guess when FX is dead, markets are dead in general...
Thoughts?
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I've been running a demo account trading trends on the 15 Minute charts since December. I only trade with the trend on the 1H chart and only for 15 pips or so, plus it's kind of the opposite from how Sam does his risk to reward (instead of 10:1 my scalping trades are between 1:1 and 1:3 - so larger SL than TP).
Just a work in progress so far, but been working ok. Trade from earlier today on NZDUSD below (I'll take the same trade again if price gets back up - as indicated)