Anyone else sitting bored after last weekend's events? | Forex Factory

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Bored? Want to Help a Newbie? 10 replies

Anyone else sitting bored after last weekend's events?

  • #1
  • First Post: Mar 18, 2013 5:28pm Mar 18, 2013 5:28pm
I trade 10 pairs including silver and the Cyprus shambles with the Aussie & Yen sell off have threw my price levels to sh*t. Very boring couple of days on my hands until these gaps sort themselves out.

Here's food for thought... considering the noise posted this morning on the news wires suggesting the euro will be dropping further... basically if you would of gone long on practically any euro pair today you would of made money. Reminds me why I never read or trade the news!
  • #2
  • Mar 19, 2013 3:17am Mar 19, 2013 3:17am
Quoting evertontrade
I trade 10 pairs including silver and the Cyprus shambles with the Aussie & Yen sell off have threw my price levels to sh*t. Very boring couple of days on my hands until these gaps sort themselves out.

Here's food for thought... considering the noise posted this morning on the news wires suggesting the euro will be dropping further... basically if you would of gone long on practically any euro pair today you would of made money. Reminds me why I never read or trade the news!
You should be in the fray, not avoiding it.
Play the players, not the cards.
  • #3
  • Mar 19, 2013 4:13am Mar 19, 2013 4:13am
Not according to my plan.
  • #4
  • Mar 19, 2013 4:53am Mar 19, 2013 4:53am
Quoting evertontrade
Not according to my plan.
Yes. Stay with your plan.
  • #5
  • Mar 19, 2013 5:04am Mar 19, 2013 5:04am
I would rather sit on the sidelines when the market is in a state of chaos, I'm not in a rush
  • #6
  • Mar 19, 2013 5:09am Mar 19, 2013 5:09am
Sitting on the sidelines on this and running my demo.
The market has been lazy enough since yesterday.
Just minor movements on M30 and M15. otherwise
nothing much really
  • #7
  • Mar 19, 2013 5:26am Mar 19, 2013 5:26am
i dont see anything other than normal s/r playing out the cycle, we had an acceleration over the low liquid weekend, other than that its trading as normal...

The big banks will love the fact that everyone thinks otherwise, plays right into their hands
tradewith60
  • #8
  • Mar 19, 2013 5:38am Mar 19, 2013 5:38am
Not sure I'm with you on that. Most of the gaps are now closed but it definitely wasn't a "normal" weekend.

I'm not sure if the banks care too much about how retail speculators perceive these movements and I don't think it's possible to play into anyone's hands if your not in the market because it doesn't meet your criteria.

If you don't play you can't lose!
  • #9
  • Mar 19, 2013 5:52am Mar 19, 2013 5:52am
Quoting evertontrade
Not sure I'm with you on that. Most of the gaps are now closed but it definitely wasn't a "normal" weekend.

I'm not sure if the banks care too much about how retail speculators perceive these movements and I don't think it's possible to play into anyone's hands if your not in the market because it doesn't meet your criteria.

If you don't play you can't lose!
maybe not normal, but definitely not extraordinary either.

The banks do care, everyone in the market is competition and liquidity, the retail sector is a big chunk of easy change, theyre not stupid, they're here to make money and they will do that to the best of their ability and by what ever means necessary.

I never went along with the 'no position' ethos unless the market really is acting erratic, but thats the beauty, no right or wrong way.

either way, good luck when you return
tradewith60
  • #10
  • Mar 19, 2013 5:55am Mar 19, 2013 5:55am
Thanks man, same to you. I can see you're doing okay on your spread betting

I've been considering SB of late due to the tax-less implications. I'm with Dukascopy currently, considering moving to LMAX but jForex and dukascopys sms alerts / reporting is so good that it's hard to move away from without a suitable replacement.
  • #11
  • Mar 19, 2013 5:59am Mar 19, 2013 5:59am
Quoting evertontrade
Thanks man, same to you. I can see you're doing okay on your spread betting

I've been considering SB of late due to the tax-less implications. I'm with Dukascopy currently, considering moving to LMAX but jForex and dukascopys sms alerts / reporting is so good that it's hard to move away from without a suitable replacement.
my main account is with gkfx highly recommended... (alpari suck but i have reasons for splitting accounts...)
tradewith60
  • #12
  • Mar 19, 2013 6:40pm Mar 19, 2013 6:40pm
Quoting hanover
Yes. Stay with your plan.
Contingency plans!
Play the players, not the cards.
  • #13
  • Last Post: Mar 20, 2013 6:08am Mar 20, 2013 6:08am
It did a good job of screwing mine up too so there was a bit of a delay before price started to show where the important areas were again. But by Monday afternoon things were starting to work themselves out.
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