Tom_Killick
Short

USDCNH: Expecting Continued selling Pressure To The Mean #Forex

FX:USDCNH   U.S. Dollar/Chinese Yuan
155 4 3
Friends,

Expecting continued shorting to the mean price.

After a price move like this the price is now governed by uncertainty more than anything, and I expect a retest to a price appropriate for further move decision making, and trend coordination.

Best of luck,
Tom
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I agree with this wholeheartidly: "After a price move like this the price is now governed by emotions more than anything"
I experienced the same thing with USDCHF after the singularity event where it dropped 4000 pips down in minutes.
Missed out on the rally though, but I had bullish signals to go long...was a big regret.
After that, I noticed that all my technical setups were working specially well. Now that you mention it, it was most likely due to emotional trading.
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gbfx9 IvanLabrie
a year ago
that was on 11/1/2015. yes i could remember as well. i wanted to buy but i was filled with uncertainty...i really miss this trade and keep on biting my finger for not taken the long position.
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Tom_Killick PRO gbfx9
a year ago
Good points made guys. Sometimes you see something happen and want to go for it and then start biting your fingers wondering whether to go for it...and don't and regret it in a big way.

Although it's painful at the time to see a big move you could have been participating in, it's probably more sustainable in the long term to pick the moves you feel right with, trades that don't involve that feeling of suspense with, as trades made in suspense are easily critically reviewed in hindsight (This is where the emotional blur could take place and impair judgement)

This is just my opinion anyway, you guys may be different :-)
Tom

+1 Reply
IvanLabrie TOP Tom_Killick
a year ago
For sure...in hindsight you regret it, but as long as you follow your logical rules then there's no loss.
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