In this screencast I focus on 'lean hogs' and the Mexican Peso v Sterling. The core issue is the ranging pattern on the daily time frame (over the periods I'm looking at).
In general these two instruments are highly volatile and risky. However, the pattern creates expectations (not predictions).
In other posts I pointed out that certain instruments have a certain personality to them. They behave differently in their volatility compared to others.
One other that I did not put in the video is CADNOK on the daily or weekly time frame.
I'm not saying that everybody should trade these instruments. They are certainly not for everybody because the sort of stop losses required on entering on these are very high indeed. So are the potential gains.
Extreme stalking, timing and patience are required with these ultra-volatile charts.
Success in the markets also involves finding and exploiting instruments that have their own particular patterns.
Go forth and explore. :) :)
In general these two instruments are highly volatile and risky. However, the pattern creates expectations (not predictions).
In other posts I pointed out that certain instruments have a certain personality to them. They behave differently in their volatility compared to others.
One other that I did not put in the video is CADNOK on the daily or weekly time frame.
I'm not saying that everybody should trade these instruments. They are certainly not for everybody because the sort of stop losses required on entering on these are very high indeed. So are the potential gains.
Extreme stalking, timing and patience are required with these ultra-volatile charts.
Success in the markets also involves finding and exploiting instruments that have their own particular patterns.
Go forth and explore. :) :)
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