Don’t get trapped with FOMO – use the volatility indicator
Don't get trapped with FOMO - use the volatility indicator
The volatility indicator is such a powerful tool and one which will help to keep you from jumping in too early and joining other traders on the fear of missing out, or FOMO. This is a powerful emotion and one which trap many traders, but with the volatility indicator, you can avoid such traps.
https://youtu.be/Gv7jIug4Vds
00:14
Market congestion and holiday impact
00:14
The speaker reviews multiple currency strength indicators, including the VIX and others, observing that the market currently lacks clear direction as many participants seem to be on holiday. The yen is fluctuating without a strong trend across various short timeframes. Similarly, the Australian dollar shows some buying interest but no decisive trend against the yen. The currency strength indicator reveals congestion and flatlining, indicating a lack of momentum and trend strength in the market at this time.
01:08
VIX indicating low market risk sentiment
01:08
The speaker discusses the stability of certain currency payers, indicating they are unlikely...