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The Swamp

  • #62,921
  • May 10, 2020 7:08am May 10, 2020 7:08am
Hello everyone. A question I have been thinking about lately since I haven't got a strategy for it as yet is; have you been in a trade where some really bad news drops (and I mean really bad) out of nowehere and the market goes in freefall. What do you do if you didn't have a fixed stop loss in place?

At the moment I am thinking one way to protect yourself is to get a position on the other side until markets stabilize.

Have you had an experience like that and what your thoughts?

Thankyou
  • #62,922
  • May 10, 2020 7:40am May 10, 2020 7:40am
Quoting ill_be_back
XE {image}
i don't get how this weekend there 100 pips range in xe..

seems like a crap
  • #62,923
  • May 10, 2020 9:23am May 10, 2020 9:23am
Quoting gatenio
{quote} i don't get how this weekend there 100 pips range in xe.. seems like a crap
All noise. Doesn't mean anything until right before opening.
  • #62,924
  • May 10, 2020 9:35am May 10, 2020 9:35am
Quoting tullamulla
Hello clan! Looking at the charts, eu closed below weekly S1. This doesn't convince me the move up has much steam. Also no long wick rejection candle on the hourly so I surely have my doubts on the upmove. My expectation is one more leg up and then down again. At the moment my plan is to long if it can drop 10-15 pips from were it closed. And then a short from there after. I don't know exact levels as yet because I don't know where the pivots will be until open. cheers
new week, new s1.
those who can, do. those who cant, talk about those who can
  • #62,925
  • May 10, 2020 9:41am May 10, 2020 9:41am
Quoting kasper
{quote} All noise. Doesn't mean anything until right before opening.
its crap most often. rarely it's right. if it remains this way closer to open, it may be right.
those who can, do. those who cant, talk about those who can
  • #62,926
  • May 10, 2020 9:45am May 10, 2020 9:45am
Quoting ill_be_back
XE {image}
Crap is more UP
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #62,927
  • May 10, 2020 9:53am May 10, 2020 9:53am
Quoting gatorinla
{quote} its crap most often. rarely it's right. if it remains this way closer to open, it may be right.
it is usually crap but.. this time during weekend, it had a spike in volume = or above Friday volume. ... Wait and see..
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 107 KB
those who can, do. those who cant, talk about those who can
  • #62,928
  • May 10, 2020 9:58am May 10, 2020 9:58am
Quoting ill_be_back
{quote} Crap is more UP {image}
yeah, it shouldn't be rising this close to open. volume has been near Monday's
those who can, do. those who cant, talk about those who can
  • #62,929
  • May 10, 2020 10:16am May 10, 2020 10:16am
chf didnt move... so eu may open the way it closed Friday*. That spike in eu volume is unusual.* chf is not showing anything.
those who can, do. those who cant, talk about those who can
  • #62,930
  • May 10, 2020 1:35pm May 10, 2020 1:35pm
Quoting ill_be_back
{quote} Crap is more UP {image}
Back to
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #62,931
  • May 10, 2020 2:28pm May 10, 2020 2:28pm
Quoting ill_be_back
{quote} Back to {image}
now it gap down... like i said its a crap.
0822
  • #62,932
  • May 10, 2020 3:06pm May 10, 2020 3:06pm
Quoting gatenio
{quote} now it gap down... like i said its a crap. 0822
some poor americans paid that on their european cc chargers.
those who can, do. those who cant, talk about those who can
  • #62,933
  • Edited 4:59pm May 10, 2020 4:39pm | Edited 4:59pm
Quoting Boulder
Eu short here 0837
flat EU at gap down....bad fill 0829 with pa at 0827 ..,+8.
Attached Image (click to enlarge)
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  • #62,934
  • May 10, 2020 7:33pm May 10, 2020 7:33pm
Next TP EU 0830 or 9697.. waiting,,,
  • #62,935
  • May 10, 2020 10:37pm May 10, 2020 10:37pm
eu closing above 0855, may be bullish. especially on the day close. 0855 is some R..
those who can, do. those who cant, talk about those who can
  • #62,936
  • May 10, 2020 10:45pm May 10, 2020 10:45pm
Quoting tullamulla
Hello clan! Looking at the charts, eu closed below weekly S1. This doesn't convince me the move up has much steam. Also no long wick rejection candle on the hourly so I surely have my doubts on the upmove. My expectation is one more leg up and then down again. At the moment my plan is to long if it can drop 10-15 pips from were it closed. And then a short from there after. I don't know exact levels as yet because I don't know where the pivots will be until open. cheers
Got in. Fingers crossed!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 4 KB
  • #62,937
  • May 11, 2020 12:25am May 11, 2020 12:25am
Quoting Boulder
Next TP EU 0830 or 9697.. waiting,,,
is this a typo
8697
A good trader follows his rules, but great trader knows when to break them
  • #62,938
  • May 11, 2020 12:48am May 11, 2020 12:48am
morning'

tried a long GU but now in red
also UJ looks like a short at 107 but i guess if usd goes down it will go down on all
pesos are
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,939
  • May 11, 2020 12:57am May 11, 2020 12:57am
Saudi arabia to triple vat to 15% as kingdom takes measures to buttress economy
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,940
  • May 11, 2020 1:34am May 11, 2020 1:34am
Quoting DMA Trader
morning' tried a long GU but now in red also UJ looks like a short at 107 but i guess if usd goes down it will go down on all pesos are

i want to jump in Bull Train EU - waiting for a confirmation - so far not coming

850 strong
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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