We wait for times like this. They come once or so a quarter. That time when the currencies melt down and allow us currency traders the opportunity to take a ride on some profit.
I trade in 2 distinct ways.
1) I use the Forecast first and foremost to make trades on a daily basis. Take 30 to 50 pips at a time, go deeper into profit when the opportunity presents itself. Do not over trade or regret what you might have missed. Do not get killed with pre-mature stops.

2) Wait for market meltdowns. Be capitalized to take advantage, and use the Forecasts to find bottom. Use a separate account from your day trades. Be able to sustain a significant drop as it is impossible to find bottom. Pick a currency that pays interest as you want to hold for a month or longer. The more volatile the pair the more capital you should have.

As lately as last week I was saying I am waiting for the gbp/jpy to hit in the 220's. Well it did just that today. Dropped almost 1500 pips in 2 weeks.

I took the loonie last week to go down, and it quickly shot to an all time high. Held on, and it cashed in for me. Down 500 pips in a week.

Same thing with other high flying currencies.If you feel there is a World Wide meltdown under way, these highs will not be seen again. But I don't believe that. I am going to use the Forecast to pick away everyday, 30 plus pips a night as per strategy 1. And I will look at Strategy 2 now that we have had a huge correction.

Risk aversion is in the markets and the US Dollar has no reason to be strong right now.Is oil going to drop? I doubt it. Gold? Doubt it.
There are 2 things you can count on with the currency herd. They have short memories and are greedy. When there is opportunity after a correction, it is always taken, but fear sometimes makes the retail trader miss the boat.

Lets see what we can do to make some money!