Actually the market had been bouncing fine all week until last night when the US had their vix spike after their session started
I wasn't picking the low but I was trading each bounce until the downtrend breaks
I have no issues opening long trades during a downtrend
Same as I have no issues short scalping during an uptrend
I just refuse to post when I short & I will continue to refuse to
Today has been impossible to trade bounces because the vix is still climbing & the xjo is refusing to give anything up
Unlike you, I don't just open a position & go play playstation expecting a magical trend to appear
Notice how the ftse is ignoring most of this rubbish?
Dax still holding their September lows
Even other markets are holding up better than the xjo
I'm guessing we have too many calvo traders in Australia all piling in on the short trade because red candle
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