Risk Off : Conviction Held

• Bad run of late, mostly getting whipped on Risk Off positions. Trimmed down to much reduced risk levels last Friday and have not traded since, until today (re-established stopped out GBP/USD at 1.5695 and 1.5659).
• Plan is to retain a small core position given strong Risk Off conviction, and sit through the volatility until trades start to perform (in an accelerated manner). Will be less costly this way, rather than getting stopped out repeatedly on larger risk positions whilst markets are dicking around.
• Eg Risk Off indicator : Cable monthly triangle (=continuation with immense downside potential). Whilst initial downside break has not worked, I am prepared to give this a lot of more time to perform, but protect myself via tight control on trade size.
• This will be my last post for a while.