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Stop clearout?

  • #1
  • First Post: Sep 12, 2012 12:31pm Sep 12, 2012 12:31pm
Hey all,

Wondering if you have any thoughts on the below ...

Unfortunately I overslept this morning and missed this little nudge downward by EURUSD ... nice setup leading to long pips this afternoon.

Thing is, now the little puppy is right back [pretty much] where it started – whole pattern is starting to look like a stop clearout in both directions, often seen before momentum-kickers like last Friday's NFP ...

Anyone have any advice on responding to similar patterns?

Happy trading kids
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  • #2
  • Sep 12, 2012 3:10pm Sep 12, 2012 3:10pm
Quoting Lifecycle
Hey all,

Wondering if you have any thoughts on the below ...

Unfortunately I overslept this morning and missed this little nudge downward by EURUSD ... nice setup leading to long pips this afternoon.

Thing is, now the little puppy is right back [pretty much] where it started – whole pattern is starting to look like a stop clearout in both directions, often seen before momentum-kickers like last Friday's NFP ...

Anyone have any advice on responding to similar patterns?

Happy trading kids
yes ,exactly,like you would have traded the tail back towards the mean.
  • #3
  • Sep 14, 2012 3:50am Sep 14, 2012 3:50am
There must have been a reason to cause such volatility. Either an unforeseen event demanding liquidity or a news event which liquidity providers pulled out of the market.

What occurred at that time? I see that volatility primarily in Euro pairs. Must have been Euro-related.
  • #4
  • Sep 14, 2012 4:06am Sep 14, 2012 4:06am
Quoting EmeraldEyes
There must have been a reason to cause such volatility. Either an unforeseen event demanding liquidity or a news event which liquidity providers pulled out of the market.

What occurred at that time? I see that volatility primarily in Euro pairs. Must have been Euro-related.
Ruling by German Constitutional Court.
Too tired to argue. Too old to care.
  • #5
  • Last Post: Sep 14, 2012 6:39am Sep 14, 2012 6:39am
Quoting davidb
Ruling by German Constitutional Court.



@OP Whether you're looking to go long or short, these spurts of volatility can get you in at a nice discounted price (if the spread isn't crap). You'll be taking the place of one of those guys that pulled his orders out of the market bc of the news approaching.
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