Sorry man I didn't mean brave in a negative way. But yeah that's an interesting thought you have and it's given you great success. I say it's great
i lost my hard earned money. entered in late.set my tp at 3700 but it got to 3702 and retraced.lost some money there.
doesnt price always touch the 00 and 50 psych levels
only God can help me now
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!
Hope no one listened.
