If you've been following the markets since the disaster in Japan then you've noticed that it has been like the wild wild west out there. Keep in mind I have only been participating in the Forex market for a little over a year now, but this is the first time I have seen this many long wicked candles on what seems to be like a daily basis.  Trading in a market like this (if you chose to) are a good test of ones discipline. I know that the old me would have tried to jump on one of those big candles only to get quickly reversed for a giant loss. Now I just sit back and enjoy the show.  Don't get me wrong, I have been in a few trades this week on both the short-term and swing trading time frames, but I have stayed away from making impulse decisions and have stuck to my trading plan. Honestly it is a little scary to think that a long wick can knock me out of a good trade, as I was last week in the EUR/AUD which would have been a good winner, but hats just part of the game. I'm currently in 2 positions right now and am watching one of them very cautiously hoping we don't get one of those crazy bounces in the direction opposite of what I'm going. We'll see. 
3/23/2011

nike

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