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EURUSD

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#331,081
Nov 23, 2010 7:21am Nov 23, 2010 7:21am

cloggie
Joined Oct 2009 | Status: Trader | 15,211 Posts

Quoting Guitarfx

Disliked

I'm short from 13567 and am in quandary now whether to hold or exit before news? Please discuss!

Ignored

As your trade is only a short term day trade, cover and trade the results of the news. Profit is profit and news can easily take out your stops if it goes against you.

I covered mine and it was from a lot higher up. I'd rather have the money in the bank then in the market.

I rarely stay in during news, just trade the resultant PA right after it.

#331,082
Nov 23, 2010 7:22am Nov 23, 2010 7:22am

kuroro001
Joined Jul 2007 | Status: Trader | 17,796 Posts

Quoting Guitarfx

Disliked

I'm short from 13567 and am in quandary now whether to hold or exit before news? Please discuss!

Ignored

You mean 1,3665 ?
I am not you but my plan is to get out at 1,3470 unless i spot a reversal.
News is already priced in anyway....so you will see a spike then probably a continuation of the intraday trend

COT: The precious data ignored

#331,083
Nov 23, 2010 7:22am Nov 23, 2010 7:22am

goods
Joined Feb 2010 | Status: Helping Others | 1,668 Posts

Quoting vanyxster

Disliked

it wont hit my long entry was 2 pips away ...i am going to if this pass by me

Ignored

I see so many people miss a great run if they dont take a trade because it misses their entry by one or 2 pips. On the contrary I would not be long into this.

Know when to hold em, Know when to fold em!

#331,084
Nov 23, 2010 7:23am Nov 23, 2010 7:23am

goods
Joined Feb 2010 | Status: Helping Others | 1,668 Posts

3460 looks like a next target to the downside. Hey cloggie nice call on your mark for 3490 mind posting a chart of where you got that?>

Know when to hold em, Know when to fold em!

#331,085
Nov 23, 2010 7:24am Nov 23, 2010 7:24am

Perky
| Joined Nov 2006 | Status: Trader | 121 Posts

Quoting Guitarfx

Disliked

I'm short from 13567 and am in quandary now whether to hold or exit before news? Please discuss!

Ignored

eeeek an exam question!!

suffice to say I try to have all trades closed before major news
or at least a tight stop
there is no way to tell wat the news will be and even if you guess good
the market may react differently.

there are 4 news announcements coming out at once in 7 minutes it could whipsaw like hell or go your way or not

if yu stay in i suggest yu crank up your diaper another knotch

#331,086
Nov 23, 2010 7:24am Nov 23, 2010 7:24am

cloggie
Joined Oct 2009 | Status: Trader | 15,211 Posts

Quoting goods

Disliked

3460 looks like a next target to the downside. Hey cloggie nice call on your mark for 3490 mind posting a chart of where you got that?>

Ignored

Calculated, it is not on my chart.

#331,087
Nov 23, 2010 7:24am Nov 23, 2010 7:24am

Skracor247
Joined Oct 2008 | Status: Price made me do it. (0.0) | 1,312 Posts

Quoting Guitarfx

Disliked

I'm short from 13567 and am in quandary now whether to hold or exit before news? Please discuss!

Ignored

I think it totally depends on you and what kind of trader you are.

Reasons to close:
Daily Supp 3591
Impending M15 corrective
Impending H1 corrective move
3500 lvl
News

Reasons to hold:
4H/1H Supp not reached yet 3470
1H impulsive move down
4H impulsive move down
weak Euro zone

I'm sure there are more reasons on both sides.

#331,088
Nov 23, 2010 7:24am Nov 23, 2010 7:24am

Guitarfx
| Joined Dec 2008 | Status: Trader | 169 Posts

Quoting kuroro001

Disliked

You mean 1,3665 ?
I am not you but my plan is to get out at 1,3470 unless i spot a reversal.
News is already priced in anyway....so you will see a spike then probably a continuation of the intraday trend

Ignored

No, I mean 13567. Why you think 13665?

#331,089
Nov 23, 2010 7:25am Nov 23, 2010 7:25am

sisse
Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts

I am closing all before news. Chart update & GL to all taking sides after reports

sisse

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Pending conversations? PM for a chat...I am mainly in OTM now

#331,090
Nov 23, 2010 7:25am Nov 23, 2010 7:25am

cloggie
Joined Oct 2009 | Status: Trader | 15,211 Posts

Quoting Guitarfx

Disliked

No, I mean 13567. Why you think 13665?

Ignored

While thinking and talking you have already lost 23 pips.

#331,091
Nov 23, 2010 7:26am Nov 23, 2010 7:26am

goods
Joined Feb 2010 | Status: Helping Others | 1,668 Posts

Quoting cloggie

Disliked

Calculated, it is not on my chart.

Ignored

Please provide the calculations.

Know when to hold em, Know when to fold em!

#331,092
Nov 23, 2010 7:29am Nov 23, 2010 7:29am

Lagoon440
| Joined Nov 2010 | Status: Oh, the canvas can do miracles... | 49 Posts

Thanks Cloggie, nearly forgot to close out ahead of the news.
Take the pips and run.

Quoting cloggie

Disliked

As your trade is only a short term day trade, cover and trade the results of the news. Profit is profit and news can easily take out your stops if it goes against you.

I covered mine and it was from a lot higher up. I'd rather have the money in the bank then in the market.

I rarely stay in during news, just trade the resultant PA right after it.

Ignored

#331,093
Nov 23, 2010 7:31am Nov 23, 2010 7:31am

Jack.e
| Joined Jul 2010 | Status: Trader | 125 Posts

Quoting Guitarfx

Disliked

I'm short from 13567 and am in quandary now whether to hold or exit before news? Please discuss!

Ignored

just tested 3495 which is the weekly pvp s1, next target would be 3450(daily s2 pvp), that is if the trend continues

. i would have closed half position and locked in 25 pips profit on the other half, 3537 is the daily daily pvp s1 which should be strong enough to hold the spike , that is if it's a spike, not a reversal.that's just my intra day plan

#331,094
Nov 23, 2010 7:33am Nov 23, 2010 7:33am

vanyxster
| Joined Feb 2009 | Status: Trader | 574 Posts

Quoting goods

Disliked

I see so many people miss a great run if they dont take a trade because it misses their entry by one or 2 pips. On the contrary I would not be long into this.

Ignored

c'est la vie ...... Thinking like wild goose works for me in this zero sum game...anyway no prayer for duying another chance will pop up sooner or later

#331,095
Nov 23, 2010 7:37am Nov 23, 2010 7:37am

PipChick
| Membership Revoked | Joined Sep 2007 | 4,407 Posts

Quoting goods

Disliked

Please provide the calculations.

Ignored

Yes, do you mind sharing your calculations cloggs? It would be great to see how you get your levels

#331,096
Nov 23, 2010 7:37am Nov 23, 2010 7:37am

sfg7th
| Joined Apr 2007 | Status: Trader | 171 Posts

Just closed out a trade prematurely for a 26 pip gain at the lower BB..still headed for 1.34875,support #2...

#331,097
Nov 23, 2010 7:38am Nov 23, 2010 7:38am

Guitarfx
| Joined Dec 2008 | Status: Trader | 169 Posts

Thanks for all comments on my quandary - much enjoyed and appreciated. I moved my stop to BE and stayed in! My reasoning that I didn't think news would be sufficient to take me out because I was already quite far in profit. Looks like I was lucky this time.

#331,098
Nov 23, 2010 7:38am Nov 23, 2010 7:38am