Forex Trading: How I traded the Government Reopening
960 views · Published 19 October 2013 · 14:05 · Indexed 27 October 2026
Channel: Akil Stokes - Trading Coach · 2013 · Education
Government shutdown, government reopened. I hate to say it but I really don't care. When it comes to my trading I have one job and one job only; conduct my analysis based on what I see on the chart. This week proved to be another great example of technical's ruling the markets as the news of the U.S. government reopening caused the markets to sell anything that was going against the dollar. That is until price action met a few key structure levels that were accompanied by advanced patterns. Don't worry guys, I know that fundamentals have their place, and I've been burnt plenty of times by an overreaction to a news release. The thing is I've put a lot of work into my trading plan and a lot of work into my back testing where I didn't take news into account. So why would I now? Just trade the plan and your consistency will be rewarded. Speaking of consistency, we've been a little inconsistent in the Live Room as of late. Don't worry it's in a good way. For the past few months we've been winning at a higher rate than what I'm used to. I'm not sure if we're just on a heater (a hot streak) or if it has to do with an increased skill level of those in the room, but we've been hot and have yet to see any signs of cooling off. With only a few real trading weeks left in the year (after Thanksgiving things get pretty dull) I'm excited with where we're at and am already thinking about the future. Between the virtual prop floor (oops not sure if I was suppose to mention that) and the possibility of expanding my portfolio, there will be a lot to think about. Do I even want to run another training course? We'll see, as the business of trading expands I find my available hours per day decreasing. I know Jason's been down and out for a week or so and I've had terrible stress related headaches ever since the Technical Trader Workshop wrapped up. I'm not complaining as I love what I do, but it's something I want to keep an eye on. Anyway, enjoy your weekend traders! And until next week "Plan your trade, trade your plan" Akil
