Monthly Archives: October 2016

Drawdown woes, challenging conditions, elections

Anyways, recently I have been in drawdown. I’m not too fazed by it considering the conditions of the last 3 months. Volatility has been very low across the major markets except for sterling. Anyways, I’m looking for volatility to pick up around US elections. Other than that just have to wait and be patient. Let me show you for example EURUSD ┬ástandard deviations on 18 week timeframe.┬áThere is massive range constriction over the past 18 months. Which makes me suspect this is less supply in the market and supply absorption has been taking place as this is an accumulation range. The last time we had something like this was in 2000-2001. I wouldn’t be surprised to see the EURUSD trade above 1.7+.

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Satan has been really active lately in my life. Lots of magical numbers have been appearing lately on accounts I have been trading.