The New York and London Forex Session Was Tumultuous

I tell myself to stay clear of the New York and London Session intersection because it can get volatile like today. I know some of this is because of the current climate over the Coronavirus but I think even in normal times it is a bit to disorderly for me at this time. I know the stories of how you can make fast money during the intersection of London and New York but it might not be worth it. I would have to study it. I use stop losses for safety and a highly volatile market is going to take me out of some trades that might have gone on to do well. The goal is to gauge just how much room you need on your stop loss to let your theoretical opinion about the two economies have a chance . Needless to say my theoretical opinion about the fundamentals should involve high probability trades.

So at this time my trade on NzdChf made it into positive territory and the GbpChf trade is at zero profit. It went as far down as $60-$70 today. The Switzerland currency is supposed to be a safe have in times of economic volatility in the markets.

GbpChf NzdChf Forex Coronavirus

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