Against unstable markets, wild price swings, and constant rises and falls, the answer is offered like this. When GBP/USD dropped every week to extreme levels from 1.2900's to 1.1900's, GBP trading was dropped on the 2nd week of constant drops. When AUDUSD broke 0.7000's and dropped every week to extremes without correction, AUD trading was dropped.

Markets are in melt down mode, EURAUD bolted higher 2000 pips this week, EURNZD 3800 pips. GBPUSD began the week in deep oversold at 1.2200's and now trades 1.1400's. USDJPY above 110.00's, a price doesn't exist. AUDUSD still falls straight down at 0.5500's from the 0.7000's break. GBPCHF at 1.1100's doesn't exist on record. EURGBP at 0.9200;s doesn't exist on record. The list goes on.

Then what I term ghost prices exist. EUR/NZD above 1.7600's, EUR/AUD above low 1.6000's, USD/CAD above 1.3000's and ths list goes on. A phantom price cannot trade on our accounts by any rationality, not by our models and not any reasonable standards. And never to damage successful trading over decades.

Its insanity to believe profits are earned in melt down markets and done by skill especially against deeply oversold / overbought and not when bottoms are tops are yet to establish.

Here's 67 years of averages dating to 1953 and in search of bottoms and tops.

EUR/CHF Lifetime lows 1.0391, from 8/2019

EUR/JPY Lows 92.74, from 10/2000

AUD/USD Lifetime lows = 0.5045 and dates from 10/2000. Free Float March 1983.

AUDJPY 56.91 from 11/2000.

AUDCAD 0.7787

GBPUSD Lifetime lows: 1.1307, 1.1206 and 1.0986, all dates to Plaza Accords 1985. If not for Plaza Accords, hard to determine if such averages would exist. GBP/USD would then become today an unknown price, a true ghost price.

GBPJPY. Lifetime lows 120.70, dates from 10/2011

EURGBP. Lifetime highs = 0.9196 from 3/2009. Current 0.9200;s doesn’t exist, another ghost price.

USDCAD. Lifetime highs 1.6002, dates to 1/2002

CADJPY. Lifetime lows 60.87, dates to 4/1995.

CADCHF and AUDCHF and NZDCHF and GBP/CHF current prices don’t exist dating to 1953. Literally doesn’t exist on record and the nearest average is miles above current prices. A ghost price.

NZDUSD Lifetime lows 0.4006, dates to 10/2000.

GBP/NZD 1.6990, dates to 10.1976.

GBP/CAD 1.4807, dates to Plaza Accords 2/1985.

Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.

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