USDCHF - closed for 3257 pips gainDecided to close them, it was long waiting, meanwhile had to close some of the worst ones. Didn't go as I expected, but I hope to avoid that mistake next time. {image}
Regards..
- #66,761
- Mar 5, 2014 6:40am Mar 5, 2014 6:40am
Regards..
- #66,762
- Mar 5, 2014 6:42am Mar 5, 2014 6:42am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
GU
Short trade opened
Scout #1
Short trade opened
Scout #1
I know the secret...
- #66,763
- Mar 5, 2014 6:43am Mar 5, 2014 6:43am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} what leads youto believe that the US will have bad/negatively impacting data?
I figure while I'm locked in at BE I may as well give it a chance with the news..we'll just have to wait and see
- #66,764
- Mar 5, 2014 6:54am Mar 5, 2014 6:54am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I know the secret...
- #66,765
- Mar 5, 2014 7:15am Mar 5, 2014 7:15am
{quote} I think with all the bad weather over there lately it has a chance to be worse off. Also the forecast is lower than previously. In the end I'm just guessing. I figure while I'm locked in at BE I may as well give it a chance with the news..we'll just have to wait and see
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- #66,766
- Mar 5, 2014 7:21am Mar 5, 2014 7:21am
{quote} I think with all the bad weather over there lately it has a chance to be worse off. Also the forecast is lower than previously. In the end I'm just guessing. I figure while I'm locked in at BE I may as well give it a chance with the news..we'll just have to wait and see
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- #66,767
- Mar 5, 2014 7:23am Mar 5, 2014 7:23am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
GU Short trade opened
Added scout short #2
short TP and pending buy limit can be seen on chart
I know the secret...
- #66,768
- Mar 5, 2014 7:29am Mar 5, 2014 7:29am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
I know the secret...
- #66,769
- Mar 5, 2014 7:31am Mar 5, 2014 7:31am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} looks like you got the bonus prize
People don't seem to understand that this was bad data...
- #66,770
- Mar 5, 2014 7:37am Mar 5, 2014 7:37am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} i bailed out took my money and ran
And GU is giving some pretty strong PVSRA signals of bears to ignore. I suppose fundamentals really does have nothing to do with it.... Ah well, profit it profit, just gutted I stayed up till 2:30am here to be disappointed /: Better get going I have to be at a lecture tomorrow morning! Ahhhh FX.. Happy trading people.
- #66,771
- Mar 5, 2014 7:43am Mar 5, 2014 7:43am
- Joined Jan 2013 | Status: Trader | 1,107 Posts
{quote} Decided to bail as well...no market reaction
http://www.forexfactory.com/showthre...71#post7320871
I know the secret...
- #66,772
- Edited 8:12am Mar 5, 2014 7:46am | Edited 8:12am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Closed GU short scout +17, @ 2 lots, bounce from RN 1.6700
Will probably re-test.....
Will probably re-test..... 
Keep It Simple
- #66,776
- Mar 5, 2014 8:05am Mar 5, 2014 8:05am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Appears to be strong supply area with re-touch. We'll see.....
Keep It Simple
- #66,778
- Mar 5, 2014 9:14am Mar 5, 2014 9:14am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Closed GU long scalp +16 bounce from RN 1.6700 retest
Keep It Simple
- #66,779
- Edited 9:49am Mar 5, 2014 9:17am | Edited 9:49am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EU and GU Comment: Beware! MMs Might be Preparing for 100+ Pips Whipsaws to Wipe Out Weak Hand Shorts!
Looks to me like the Market Makers are supporting the price of EU, which only drops when the shorting becomes too momentous, but they bring it right back up again. Lots of releases to go this week. They could pull the rug on any one of them, or at any time, but one of the releases is another EUR in 21.5 hours,....which just happens to coincide with a FOMC release.....
Some convoluted possibility thinking here, but the MMs could then whip the price of EU up, closing the gap, then start it further down. This could coincide with whipping GU up for a Double Top, and then they start that one down too, because there are GU releases about an hour earlier.......
So, Sonicers, if any of you are short EU or GU for the longer haul, just be sure your account can withstand a 100+ pips whipsaw on them this week!
It's not really funny, but that is how the bastard MMs work,
Looks to me like the Market Makers are supporting the price of EU, which only drops when the shorting becomes too momentous, but they bring it right back up again. Lots of releases to go this week. They could pull the rug on any one of them, or at any time, but one of the releases is another EUR in 21.5 hours,....which just happens to coincide with a FOMC release.....
Some convoluted possibility thinking here, but the MMs could then whip the price of EU up, closing the gap, then start it further down. This could coincide with whipping GU up for a Double Top, and then they start that one down too, because there are GU releases about an hour earlier.......
So, Sonicers, if any of you are short EU or GU for the longer haul, just be sure your account can withstand a 100+ pips whipsaw on them this week!
It's not really funny, but that is how the bastard MMs work,
- #66,780
- Edited 9:30am Mar 5, 2014 9:19am | Edited 9:30am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
EU Comment Looks to me like the Market Makers are supporting the price, which only drops when the shorting becomes too momentous, but they bring it right back up again. Lots of releases to go this week. They could pull the rug on any one of them, or at any time, but one of the releases is another EUR in 21.5 hours,....which just happens to coincide with a FOMC release..... {image}
Our posts crossed. Thanks for your answer above
Keep It Simple