EURUSD

They do not work in volatile news times as the big boys will take you out on either ends like a tug of war to gaurantee themselves a good price to enter the market in a direction they desire.

That is why you sit on yor hands during news times of importance. you can find these at the forex factory under calendar and filter it by what you would like to see.

After about 15-30 minutes the market will more than likmely be right near where it was and proceed as usual.

Again, trading at news times are for those of you who want to gamble, or those of you who have enough margin to protect a 100-200 pip move against you. As stated above, the big boys are positioning their trade entries, and your BROKER will get in the action by having spreads of up to 20-50 pips. If you have pending orders to be executed, the broker will fill them at the next available price, not necessarily at your specified price, and your stops and take profits are treated the same.

IMHO, stay out of big news releases and if in have a very wide stop.
If you want to gamble, great...go to Vegas or Atlantic city, or play on a demo account to get your thrills, but leave your money in YOUR pocket!

I hope all faired well through the news and the news to follow! May the Bird of paradise poop many pips in your lap today. Peace!

hey..whats going on here?i really dun get it!!
y he move wrong direction?

if you still remember my previous post about price reaction before and after US data release, you will know that Im shorting (psiholog noticed this too) whether goor or bad data, price always go south.. yes Im currently short, and no its not gambling.. its based on research

Market probably interpreted the bad NFP numbers as increasing chances of the Bill being passed. If there are not enough votes today to go ahead with the main vote, it will be postponed. News out on this in about 30 mins.

welcome to forex...
nothing is wrong. move in the direction of where the smart money goes

Hi, anyone knows when the vote begin ?

wow, nice that it worked out for you dude haha

I'm not as brave as you though. I closed a short for a loss. If i'd kept it I would have made a big profit. But it was too much of a risk for me. The bad NFP projected figures had me spooked for a EUR Positive upturn.

I like this part...

Sonic

Nice Fall as i was waiting expecting more fall

I wanna see that after the weekend. It looks like even money needs some rest.

hey al, please dont call it brave, until today its still working.. 100%ly and I always shorting right before the news, I was just thinking if I lose one its alright because I already win many still holding my short targeting **50 and as for bias, Im actually long.. still looking for a good entry

... forget 1.3950.
H4 has support at 1.3750.
Do not be so happy about this drop, that is my opinion!

Good call, I seen Psiholog saying that for a while now... I was short however way before the news release

I dont know what to expect next from this pair, I think asking it to go back down to the 1.372 is a little much, but with more very bad news coming out could mean a strong push for that mark regardless of what the news is good or bad (more than likley bad) but none the less...

This is my long term opinion (3 days lol) but I think we're headed for the 1.33 range, possibly by monday or tuesday.

sp much for that, its getting there just as I was writing this... :/

i'm trading this counter rally with a small long position for awhile...might have to terminate it soon though.

Where is forum's psiholog?

Hi, anyone knows when the vote begin ?

well now, doble bottom?

This sucker is going to jump back into yesterdays down channel before too long if it blasts through the low! I'm getting chill bumps!

Hey, most institutional traders are human as well, they sometimes hit wrong button. Happened to me couple of times too

12:00 et, I think thats when it starts but it should take some time before its done.