GOLDEN WEEK: Potential nightmare ahead.

If you've never heard of the Yen 'flash crash' on 3rd Jan 2019 (after a 4 day bank holiday in Japan), you definitely need to watch this. We have a 10-day bank holiday in Japan in Golden Week.

The previous mini-crash was on one day. Loads of retail forex traders were wiped out. Now we're staring at potentially something more than a mini-crash on Yen pairs.

What happens during and shortly after the holiday period is that contracts for forex come in, algos react and /JPY ratios head south, like nobody's business. Well, I'm afraid this is your business if you have any /JPY pairs on a live trade. Worse yet if you're long be very careful.

AUD pairs were also caught up in the fray as they are affected more by stuff that goes on in Japan. Don't ask me why. LOL. It is what it is. So /AUD pairs can rock north if this thing happens again.

Right - I'm not here to scare-monger anything. I'm here to help. I'm bringing knowledge of a potential systematic risk that is approaching. You decide what you do with your trades. I'm not advising anybody to close their /JPY trades. Your decisions and your losses are your own. End off.

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/AUD pairs may rock north as it depends on the ratio of the pairs e.g. EUR/AUD. If AUD goes down the ratio goes up.

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BRACE!! Golden Week ends today 6th May 2019. Anything is possible in the next 24 hours!