Man who scratches ass should not bite fingernails
- #6,124
- Feb 15, 2007 8:40am Feb 15, 2007 8:40am
- | Joined Dec 2006 | Status: Trader | 1,385 Posts
Shorted g/u at 1.9610
- switched from multiples of 11 did ya? Sorry buddy but you swayed from the strategy - And please, stop making calls 10 hours after the fact - if I had known you were going to short there earlier, I may have taken some more profit prior
: .
Man who scratches ass should not bite fingernails
- #6,126
- Feb 15, 2007 8:45am Feb 15, 2007 8:45am
- | Joined Dec 2006 | Status: Trader | 1,385 Posts
Bad data and barely a move? Hmmmmmmmmmmm?
barely a move? 50 pips up 50 pips down is not barely a move - it is a
.Also - check alot of the moves happening in the last two 15 min sessions of the hour - there is something there I know it!!
Man who scratches ass should not bite fingernails
- #6,127
- Feb 15, 2007 8:46am Feb 15, 2007 8:46am
- | Joined Dec 2006 | Status: Trader | 1,385 Posts
Man who scratches ass should not bite fingernails
barely a move? 50 pips up 50 pips down is not barely a move - it is a
Also - check alot of the moves happening in the last two 15 min sessions of the hour - there is something there I know it!!
Geezz read the previous few pages. I already said I will enter big shorts above 1.9600s for g/u like few hours ago.
- #6,132
- Feb 15, 2007 8:57am Feb 15, 2007 8:57am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #6,135
- Feb 15, 2007 9:12am Feb 15, 2007 9:12am
- | Joined Dec 2006 | Status: Trader | 1,385 Posts
Man who scratches ass should not bite fingernails
- #6,138
- Feb 15, 2007 9:22am Feb 15, 2007 9:22am
Bad US data yet cable still retracing to today's low.
Can someone explain why please?
Originally Posted by tathlynq http://forexfactory.com/images/buttons/viewpost.gif
Bad data and barely a move? Hmmmmmmmmmmm?
barely a move? 50 pips up 50 pips down is not barely a move - it is a
.Also - check alot of the moves happening in the last two 15 min sessions of the hour - there is something there I know it!!
_______________________________________________________
You are right- it is my stop loss.
Alot of you guys on this thread seem to be fundies,but
I would be very interested to know how you real traders deal with price action not going in news direction. I mean c'mon retail sales vs. TIC data today- Whats going on ?Thats why trading so-called fundamentals is egually bogus as technical trading to me. Especially in NY session- it seems like all NY news is just an excuse for big stop runs. Does anyone with experience find this to be true? And if so, do you take this phenomenon into account in your strategy? Do you set stops? Really far away? or just "jump out" if something smells bad? do you get in before announcement based on consensus data? Just follow the 15/5/1/tick candles? It usually seems like London trades fundamentals more or less but NY is games time.Sorry I'm on the verge of a rant and if it sounds like i'm just a bitter angry noob you'd be correct but I'm just frustrated with the NY session cuz its always dead w/o news and I have yet to not buy a top or sell a bottom on a news trade. And I'm not an NFP guy...
probably should have posted this in the News Trade room, but anyway...
Taters thanks you for your time.
- #6,139
- Feb 15, 2007 9:22am Feb 15, 2007 9:22am
- | Joined Sep 2006 | Status: Forex Newbie | 1,517 Posts
1.9555 is still quite strong atm.
Tra-X
- #6,140
- Feb 15, 2007 9:29am Feb 15, 2007 9:29am
- | Joined Dec 2006 | Status: Trader | 1,385 Posts
Quote:
Originally Posted by tathlynq http://forexfactory.com/images/buttons/viewpost.gif
Bad data and barely a move? Hmmmmmmmmmmm?
barely a move? 50 pips up 50 pips down is not barely a move - it is a
Also - check alot of the moves happening in the last two 15 min sessions of the hour - there is something there I know it!!
_______________________________________________________
You are right- it is my stop loss.
Alot of you guys on this thread seem to be fundies,but
I would be very interested to know how you real traders deal with price action not going in news direction. I mean c'mon retail sales vs. TIC data today- Whats going on ?Thats why trading so-called fundamentals is egually bogus as technical trading to me. Especially in NY session- it seems like all NY news is just an excuse for big stop runs. Does anyone with experience find this to be true? And if so, do you take this phenomenon into account in your strategy? Do you set stops? Really far away? or just "jump out" if something smells bad? do you get in before announcement based on consensus data? Just follow the 15/5/1/tick candles? It usually seems like London trades fundamentals more or less but NY is games time.Sorry I'm on the verge of a rant and if it sounds like i'm just a bitter angry noob you'd be correct but I'm just frustrated with the NY session cuz its always dead w/o news and I have yet to not buy a top or sell a bottom on a news trade. And I'm not an NFP guy...
probably should have posted this in the News Trade room, but anyway...
Taters thanks you for your time.
Use the news as a way to spot volume in the market and patterns that may emerge from it. As far as fundamentals, the longer term picture is influenced by them, but not just one release in general. Problem with forex is no volume info so you have to make do with times that you know it does exist.
As for new york i only have one piece of advice -
Never trust an animal that is surprised by its own farts
- and i'm from there.
Man who scratches ass should not bite fingernails