Well total carnage today. Global equities all deeply in the red. Oil close to $29 dollars. Every analyst surveyed completely off about the US data, which showed retail contracted in December rather than expanded. This in combination with Decembers shopping patterns and warmer than normal weather has spooked the markets. JPY has gained massively on risk aversion and its looking worse than ever. I have never seen it move this way. Declining 200+ pips daily for the last week against the pound and with Japan in recession at that! The markets are panicking like a lost child in the woods, and I do not see how or why it has gotten this bad. Clearly there is something wrong with my strategy. I do not understand how something that has worked so well for such a long period of time could fall apart in just 6 weeks. No point hiding that I wiped out on Saxo bank today, so there goes several hundred thousands dollars of my own money and something I put years into. So at that, I am calling it a day and taking a step back to rethink things. Clearly something is very wrong with my logic (maybe even possible delusions) .
To those who are still around, I am willing to let the GBPJPY go as low as 160 and the GBPCHF to 1.40 before I cut them entirely. If you are not willing to do so, then please close them manually at any time. Really not in the mood the write more today, so good luck to everyone with trades . To all the bottom feeders, feel free to keep up the insults that have been flying for the last 6 weeks, I have stopped caring after today.