It's been a crazy week on the markets, with Brexit and USA-China trade talks. We've seen incredible daily ranges across nearly all instruments: the DOW 5 day ADR is 425 as I type; the DAX gained over 2.5% today; GBPJPY did 392 pips ... fantastic for us traders.
Last trade of the week was really something special, as you can see in the picture: risk/reward of 5 to 1 in one minute !!! DOW had been very volatile since FOMC Member Rosengran starting speaking (watch out for those speeches) but this quick move certainly exceeded my expectations.
The point is, as the lottery slogan goes: you have to be in it to win it. When you see a really nice setup forming, with a very low pip risk and good R:R potential, you would be negligent to not place a trade. In this case, I had ATM on a default of 5:1 R:R, price had corrected and looked like it was forming a base for another move up. In the blink of an eye, the trade was entered and closed. A nice end to the week, with a helping hand from the Trading Gods and eWavesHarmonics..
More of the same next week, we hope.