One thing I always find interesting with some traders are their unwillingness to adapt their strategy to a BIG news announcement. To further clarify, when something like what is currently happening with the Euro crisis is going on, markets are going to react differently. You have to look at the market in different ways, and definitely switch to a more volatile trading strategy.
Think a classic head and shoulders pattern is going to work like a charm? Think again. I’ve found that most classic patterns to do not work well in this type of market, but in other market’s they kick ass.
So what’s the whole point of this post? Learn to adapt to different markets!