Japan And Yen
Salve a tutti,
first of all I’d like to tell to all the Japanese people part of this community that my hearth is with you all and knowing you a little I’m sure that you’ll be able to recover from this disaster thanks to your incredible strength and dignity.
I’ll try to do all we can to help you in that. You can always count on me. And I’m sure that this is feeling is shared between all of us.
Second… the Yen is actually in a very volatile situation and I think it’ll be so for a quite long period. I suggest then to stop trading EAs on Yen based pairs (Crescendo included) or trade it with very low lot size.
Yesterday we’ve seen a drop of more than 500 pips in a very short time on GBPJPY (even more on USDJPY) and about 1000 in two days. Most of the loss now it’s recovered but things like that may badly hurt EAs performances.
For Crescendo I’m thinking about substituting the GBPJPY pair with a new one. In the next days I’ll give you more information on that.
Said that, please if you have any idea about that please share it with the whole community. I think it’s important to talk to understand the direction to take, both in trading and in trying to find a way to help Japanese people recover from that disaster.