euro did nice double top and got rejected both times
look @ 1.2507 level to be tested
look @ 1.2507 level to be tested
Gravity always wins
- #285,742
- Aug 25, 2010 4:26am Aug 25, 2010 4:26am
Thanks for the answers and advises!
About staying aside before the news it's problematic when you know that some people get the news result before it's out for us. And when it's out for us it will often requotes so much that you can't even enter in the trade if you wanna "react" to the news (or should i train some lighting pending order skills?)
And so you might take after that, the stupid risk to enter way too late and ending up being blocked on the wrong side of the trade
What's why i'm not really sure you take more risk to anticipate the news because you won't get all those risks?
Of course then, it's more about being right or not than pure "trading"
So maybe i should just stick to the 2) as trading after the news seems to be safer
Sisse i'll sure plan what to do in case where my expectations doesn't fit what's happening,
best of luck for you too
About staying aside before the news it's problematic when you know that some people get the news result before it's out for us. And when it's out for us it will often requotes so much that you can't even enter in the trade if you wanna "react" to the news (or should i train some lighting pending order skills?)
And so you might take after that, the stupid risk to enter way too late and ending up being blocked on the wrong side of the trade
What's why i'm not really sure you take more risk to anticipate the news because you won't get all those risks?
Of course then, it's more about being right or not than pure "trading"
So maybe i should just stick to the 2) as trading after the news seems to be safer
Sisse i'll sure plan what to do in case where my expectations doesn't fit what's happening,
best of luck for you too
- #285,745
- Aug 25, 2010 4:33am Aug 25, 2010 4:33am
Thanks for the answers and advises!
About staying aside before the news it's problematic when you know that some people get the news result before it's out for us. And when it's out for us it will often requotes so much that you can't even enter in the trade if you wanna "react" to the news (or should i train some lighting pending order skills?)
And so you might take after that, the stupid risk to enter way too late and ending up being blocked on the wrong side of the trade
What's why i'm not really sure you take more risk...
Could be fine to buy some minutes immediately before the news realese, and put adeguates SL and TP.... Sometimes it's question of few seconds and you could have not the time to sell it before the retracement.
- #285,746
- Aug 25, 2010 4:34am Aug 25, 2010 4:34am
- Joined Aug 2008 | Status: Fear makes us see who we really are | 4,822 Posts
They think they are smarter than I am.
- #285,748
- Aug 25, 2010 4:37am Aug 25, 2010 4:37am
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #285,753
- Aug 25, 2010 4:44am Aug 25, 2010 4:44am
I would also like to know!
If i were a "big player" with lot of money, i probably would try...so I prefer to be a little "paranoiac" on this
- #285,755
- Aug 25, 2010 4:48am Aug 25, 2010 4:48am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
rat
there was a great shorting oppertunity on the euro, we just rejected the underside of the neckline of the daily head and shoulders pattern with a 1hr pin. i was already short so no need to trade again, but this is further evidence for continued downward pressure...in my view
- #285,757
- Aug 25, 2010 4:54am Aug 25, 2010 4:54am
- | Joined Nov 2009 | Status: Probability Study & Reverse System | 497 Posts
Above 1,2730/35 the positions must be Buy
It would be a prime short at that price Not a BUY!!!!!!
dont aggree with that above 128 and if the price consolidates and stays there then its a long possibly again medium term
But a spike up to 12760-80 is not out the question and I´d still go short myself.
Hey my position above 1,2730/35 is as Buyer, because that zone was at this momment one bir resistance, a possible broke tell me to make a BUY Position (with a short SL, obvious) and a TP no far way.
My LONG TERM Position still a SELLER, because TLDW MAJOR as BROKEN last WEEK, but in markets we have corrections, and this UP Move are one of them.
I Prefer PUT SELL ORDER in 1,2750 and 1,2790 zone ( this is a BONUS ZONE).
This is my oppinion
"Por mais fundo que seja o buraco, pelo menos esse não tem terra em cima"
- #285,758
- Aug 25, 2010 4:54am Aug 25, 2010 4:54am
- Joined Oct 2008 | Status: Sentiment and Global Macro | 2,321 Posts
- #285,759
- Aug 25, 2010 4:55am Aug 25, 2010 4:55am
there was a great shorting oppertunity on the euro, we just rejected the underside of the neckline of the daily head and shoulders pattern with a 1hr pin. i was already short so no need to trade again, but this is further evidence for continued downward pressure...in my view
- #285,760
- Aug 25, 2010 4:58am Aug 25, 2010 4:58am
- Joined Nov 2008 | Status: fx indices commodities | 4,145 Posts
Do you think the system is "corruption free" and that some big players won't get the info before us?
If i were a "big player" with lot of money, i probably would try...so I prefer to be a little "paranoiac" on this
off course its all currupt they know this news days weeks before hand. They work in syndicates accumalating which is what they have just done to get a good price.
The friday GDP is obviously Crap because the clue is the markets have been going down for the last couple of weeks.
yesterday they pumped the price up on some balloney news and dropped the thing like a rock again and they did the same this morning.
The real trend on Indices is down at the moment which means dollar strength is returning etc.
rat