One insane week? | Forex Factory

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One insane week?

  • #1
  • First Post: Nov 15, 2007 8:48pm Nov 15, 2007 8:48pm
Is it just me or has this week just been a flipping mess?

Everything I've been doing (and working) just flopped on it's arse and went haywire this week.

Indicators didn't work well. Signal sites were crap.

Was there something weird that happened this week or something that I didn't hear about?

Or maybe it's just me? lol
  • #2
  • Nov 15, 2007 10:00pm Nov 15, 2007 10:00pm
It has been an interesting week. This happens whenever the retail traders disagree on an overall direction.
The basis of a democratic state is liberty. ~ Aristotle
  • #3
  • Nov 15, 2007 10:18pm Nov 15, 2007 10:18pm
Just keep following the trend and enter on the retrace. Don't do anything too risky. Riiiide it out. I like this week, it's like everything is on turbo. larger stops on some trades but it all works the same.

A lot of central bank comments and antsy traders jumping at every news release. + many would've been looking for a retrace and take profit. All these put together makes for many pips.
  • #4
  • Nov 15, 2007 10:22pm Nov 15, 2007 10:22pm
business as usual
  • #5
  • Nov 15, 2007 10:44pm Nov 15, 2007 10:44pm
Quoting Kayoubi
Just keep following the trend and enter on the retrace. Don't do anything too risky. Riiiide it out. I like this week, it's like everything is on turbo. larger stops on some trades but it all works the same.

A lot of central bank comments and antsy traders jumping at every news release. + many would've been looking for a retrace and take profit. All these put together makes for many pips.

I always go with the trend (most of the time ). Like on this dang Eur/USD that was goin up. No indications of a reversal, then bam, it went backwards.

And I've been waiting like 2 days for it to move again...and it's just sitting still...ahhh the drama!!!
  • #6
  • Nov 16, 2007 12:01am Nov 16, 2007 12:01am
I've developed a habbit of taking a week of after a good run.
You need like 7% (?) a month to double your money annually, so if you make that after a couple of weeks take a week of and chill.

  • #7
  • Nov 16, 2007 11:41pm Nov 16, 2007 11:41pm
Quoting Marrethiel
I've developed a habbit of taking a week of after a good run.
You need like 7% (?) a month to double your money annually, so if you make that after a couple of weeks take a week of and chill.

yeah, I should've. I was up almost 40% over the last 3 weeks, and lost about half of that gain this week...but still up over 20 for the last 4 weeks.

I didn't get destroyed...it was just strange how everything was whacked!
  • #8
  • Nov 17, 2007 12:32am Nov 17, 2007 12:32am
Quoting saint_berzer
yeah, I should've. I was up almost 40% over the last 3 weeks, and lost about half of that gain this week...but still up over 20 for the last 4 weeks.

I didn't get destroyed...it was just strange how everything was whacked!
i do feels bad this week...not all of week ...only on Friday...everything was mess up..my life...then lost a thousand within an hour on Friday morning (est) news... but that was ok...it guide me to learn more n more.

hehee...anyway...im kinda relief on this Saturday
Novice Trader
  • #9
  • Nov 17, 2007 12:52am Nov 17, 2007 12:52am
Nothing bizarre happening. In fact, price movements on most major pairs has been very clear and reasonable. Indicators "fail" all the time - in fact, it is a surprise when they don't fail in predicting the future, because the vast, crushing majority of them have absolutely no clear reasoning behind the little "truths" that they unknowingly postulate.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #10
  • Nov 17, 2007 1:03am Nov 17, 2007 1:03am
Quoting Plutonite
Nothing bizarre happening. In fact, price movements on most major pairs has been very clear and reasonable. Indicators "fail" all the time - in fact, it is a surprise when they don't fail in predicting the future, because the vast, crushing majority of them have absolutely no clear reasoning behind the little "truths" that they unknowingly postulate.
Very true.
  • #11
  • Nov 17, 2007 10:34am Nov 17, 2007 10:34am
I had a very good week. Now, I just need to keep it going. (knocks on wood)

I trade solely on 4 hr charts and caught a lot of the up and down moves with limits.
  • #12
  • Last Post: Nov 17, 2007 4:36pm Nov 17, 2007 4:36pm
Quoting mbqb11
business as usual
Indeed it was. Good business as usual...
Never underestimate the powers of the Force.
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