Well, we are 2 months
into 2013 and I have been very pleased with my results so far this year. But I’m not going to get carried away. During January and February we were presented with a
lot of trading opportunities mainly down to the fact that we had a lot of clean
trends across currencies and stocks, and
as a short term trend follower, these have been ideal conditions to trade
in. However, as March approaches I have
noted an increase in whipsaws and volatility.
The below USD/JPY chart shows exactly what I’m talking about.
I expect March to be a difficult month and I
shall approach the markets with caution. Part of
being a successful trader is knowing when to stand aside!
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