Trade what you see NOT what you expect | Page 144 | Forex Factory

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Why did you start trading and what do you expect from it? 19 replies

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Trade what you see NOT what you expect

  • #2,861
  • Mar 18, 2009 1:18pm Mar 18, 2009 1:18pm
shit what a spike
  • #2,862
  • Mar 18, 2009 1:19pm Mar 18, 2009 1:19pm
Quoting KENNETH lEE
The statement is the important part today.. If any new ideas to sovle the issues at hand.. I will wait for the craziness to die down then ,, it is everyone skate time....
So is anyone else seeing it jump 20 pips at a time on their platform? Wishing I was long as that'd have been a record time to 100 pips
  • #2,863
  • Mar 18, 2009 1:21pm Mar 18, 2009 1:21pm
The dollar index is taking a bath.
Hi, my name is Barry and you can keep your doctor...
  • #2,864
  • Mar 18, 2009 1:23pm Mar 18, 2009 1:23pm
Quoting cisco
The dollar index is taking a bath.
So who bought on the bounce off the 1H 200MA? Wish I did
  • #2,865
  • Mar 18, 2009 1:25pm Mar 18, 2009 1:25pm
Quoting nyjetfan
So who bought on the bounce off the 1H 200MA? Wish I did
I tried to buy the second it was released and it got rejected.
Hi, my name is Barry and you can keep your doctor...
  • #2,866
  • Mar 18, 2009 1:26pm Mar 18, 2009 1:26pm
Quoting nyjetfan
So who bought on the bounce off the 1H 200MA? Wish I did

eur/usd went up 250 pips... Just remeber it can go against you just as fast and your broker might not let you out. (slip your stop)
Good Trading To All ; Ken Lee
  • #2,867
  • Mar 18, 2009 1:27pm Mar 18, 2009 1:27pm
Quoting KENNETH lEE
eur/usd went up 250 pips... Just remeber it can go against you just as fast and your broker might not let you out. (slip your stop)
Well *IF* I were going to trade the news, I'd only do it in a demo account...
  • #2,868
  • Mar 18, 2009 1:33pm Mar 18, 2009 1:33pm
It's been a long time since I've seen a news spike like this. It's like old times.
Hi, my name is Barry and you can keep your doctor...
  • #2,869
  • Mar 18, 2009 1:34pm Mar 18, 2009 1:34pm
Interesting - we were just talking about the impact this would have on the dollar - EO you have an inside source?

The Federal Reserve surprised financial markets and committed to buy $300 billion in longer-term Treasurys to help the economy recover. The Fed was more pessimistic about the outlook, in a statement released after its two-day meeting. Officials removed language saying they expected the economy to recover later this year. The Fed tweaked its other credit-easing programs by committing to buy more mortgage-backed securities and agency debt and include more asset-backed securities under a new credit facility starting this week. The Fed repeated that deflation was a risk to the economy. The vote on the statement was unanimous
  • #2,870
  • Mar 18, 2009 1:35pm Mar 18, 2009 1:35pm
Now I know why many of the experienced traders (EO, Infinity etc..) left the Cable thread and now reside in here.
I always keep looking in there out of habit and there are now people asking why the sudden spike, what happened to make the price go up so high so quickly....
People, I give you the lack of intelligence of the Cable thread poster......
Unbelievable!!!!
  • #2,871
  • Mar 18, 2009 1:36pm Mar 18, 2009 1:36pm
Anybody hit the lottery on this.

Those with a long already placed..congrats!
  • #2,872
  • Mar 18, 2009 1:39pm Mar 18, 2009 1:39pm
Anyone making any trades. I closed a short 2 min before the announcement for a 20 pip profit. Wished i went long, but Ill take the small gain and not a 200 pip loss.
  • #2,873
  • Mar 18, 2009 1:40pm Mar 18, 2009 1:40pm
Well guys! I hope everyone had their shit together. She shot off like a rocket. The FOMC annouced that they will be buying billions if not trillions of dollars of US debt. I did not get a single piece of the action on this trade. It's a gamble to trade the FOMC news. Now, we don't go and chase the price. We just need to hold out for another good setup. Even if the dollar is going to get flushed, we will still trade her both ways.
Just digging in the trenches like everyone else!
  • #2,874
  • Mar 18, 2009 1:42pm Mar 18, 2009 1:42pm
I'm looking at 4265 as the outer band of the h1 channel. I'll be looking for short signals around there, or earlier, if they present themselves.
Hi, my name is Barry and you can keep your doctor...
  • #2,875
  • Mar 18, 2009 1:44pm Mar 18, 2009 1:44pm
Quoting cisco
I'm looking at 4265 as the outer band of the h4 channel. I'll be looking for short signals around there, or earlier, if they present themselves.
I hold an old trendline right about 4275...might serve as good resistance
  • #2,876
  • Mar 18, 2009 1:46pm Mar 18, 2009 1:46pm
Quoting rt4x
I hold an old trendline right about 4275...might serve as good resistance
After a move like this, who the hell knows what good resistance is?
Hi, my name is Barry and you can keep your doctor...
  • #2,877
  • Mar 18, 2009 1:46pm Mar 18, 2009 1:46pm
Quoting cisco
After a move like this, who the hell knows what good resistance is?
  • #2,878
  • Mar 18, 2009 1:49pm Mar 18, 2009 1:49pm
Quoting nyjetfan
Interesting - we were just talking about the impact this would have on the dollar - EO you have an inside source?....

No inside source! It's funny how many times I've been asked questions like that in my course of trading.
Just digging in the trenches like everyone else!
  • #2,879
  • Mar 18, 2009 1:50pm Mar 18, 2009 1:50pm
I noticed something on this spike. After last night's move down, retracement started. After this announcement the retracement has moved all the way to a 1.618 extension. From what I've read an extension of 1.382 or 1.618 is fairly common for a major news announcement.
Hi, my name is Barry and you can keep your doctor...
  • #2,880
  • Mar 18, 2009 1:53pm Mar 18, 2009 1:53pm
Quoting eohater
Well guys! I hope everyone had their shit together. She shot off like a rocket. The FOMC annouced that they will be buying billions if not trillions of dollars of US debt. I did not get a single piece of the action on this trade. It's a gamble to trade the FOMC news. Now, we don't go and chase the price. We just need to hold out for another good setup. Even if the dollar is going to get flushed, we will still trade her both ways.
Yes,GOOD ADVICE,never trade on these days.....it can go either way......

baz
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