How To Survive?

Good day,

I think that right now we have three ways to be traders. One is cash and it is very good position right now. Other is scalp trader (that is what we doing lately) and third is to be on some other market, like FOREX. Like to share several examples what we did, but only as examples to see what is in line right now and I want to note that trading risk is extremely high and CASH is my position while PATIENCE is my best friend. Market will back that is 100% sure, but right now is best to wait that. Until then one of above explained ways are only ways to survive. Wish you all good trading.

Example 1

http://ivicacharts.com/diagrams/2008/10072008qid.jpg

http://ivicacharts.com/diagrams/2008/10082008qid.jpg

Example 2

http://ivicacharts.com/diagrams/2008/10072008qld.jpg

http://ivicacharts.com/diagrams/2008/10082008qld.jpg

Example 3

http://ivicacharts.com/diagrams/2008/10062008eurjpy.jpg http://ivicacharts.com/diagrams/2008/10062008eurjpyt.jpg

Example 4

http://ivicacharts.com/diagrams/2008/10062008eurusd.jpg http://ivicacharts.com/diagrams/2008/10082008eurusd.jpg

Point is what ever we trade right now trading risk is EXTREMLY high. Every overnight position is like a gambling. Personally I stick with FOREX with small risk. There are many extended charts too. I'm not best scalp trader and I'm trying to avoid that setups, and if I will take it will be with very small risk and that can't hurt me.

Wish you all good trading

Ivica