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EURUSD

  • #921,481
  • Sep 4, 2014 5:19am Sep 4, 2014 5:19am
Quoting JustAndy
Closed my "revenge" short for a profit of 69 pips...made 100% of what I lost back and then some
good for you. Congrats. But if it would go against you, you would be margin called...
  • #921,482
  • Sep 4, 2014 5:20am Sep 4, 2014 5:20am
Quoting pipster1
{quote} primejarvis. i would recommend not holding a position before major news has cleared. Especially if you are an intraday trader. Everybody who was short going into the news release is celebrating because the EU political action went their way. What would have happened if they raised interest rates? Price probably would have had a 100 pip gap north. Too risky for my blood. I wait until news clears and then look for entries once volume has settled down. There is no way to know the exact future or results of news, so strictly trade price...
what do you think the odds of that were?
  • #921,483
  • Sep 4, 2014 5:20am Sep 4, 2014 5:20am
Quoting pipster1
{quote} primejarvis. i would recommend not holding a position before major news has cleared. Especially if you are an intraday trader. Everybody who was short going into the news release is celebrating because the EU political action went their way. What would have happened if they raised interest rates? Price probably would have had a 100 pip gap north. Too risky for my blood. I wait until news clears and then look for entries once volume has settled down. There is no way to know the exact future or results of news, so strictly trade price action....
Thankx for the explanation .... Pipster1 ...
Re-Incarnated
  • #921,484
  • Sep 4, 2014 5:20am Sep 4, 2014 5:20am
Long @ 30299 TP 15 SL 8
Why sell the bottoms when you can buy the tops...
  • #921,485
  • Sep 4, 2014 5:20am Sep 4, 2014 5:20am
Quoting MaxDoom
{quote} what do you think the odds of that were?
noobs dont get there are no odds
  • #921,486
  • Sep 4, 2014 5:21am Sep 4, 2014 5:21am
Quoting pipster1
{quote} primejarvis. i would recommend not holding a position before major news has cleared. Especially if you are an intraday trader. Everybody who was short going into the news release is celebrating because the EU political action went their way. What would have happened if they raised interest rates? Price probably would have had a 100 pip gap north. Too risky for my blood. I wait until news clears and then look for entries once volume has settled down. There is no way to know the exact future or results of news, so strictly trade price action....

If you wait and check parallel pairs...this is what you look for...OUT ...GU short +30
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-04_GU.png Size: 52 KB
  • #921,487
  • Sep 4, 2014 5:22am Sep 4, 2014 5:22am
Quoting skymania
{quote} good for you. Congrats. But if it would go against you, you would be margin called...
I use 10:1 max...I need to be under hundreds of pips before a margin call
Why sell the bottoms when you can buy the tops...
  • #921,488
  • Sep 4, 2014 5:23am Sep 4, 2014 5:23am
Time to go short again?
Attached Image
  • #921,489
  • Sep 4, 2014 5:23am Sep 4, 2014 5:23am
any link for Draghi ?
This Time Next Year I'll Be a Millionaire
  • #921,490
  • Sep 4, 2014 5:24am Sep 4, 2014 5:24am
6 mins to SHTF...
  • #921,491
  • Sep 4, 2014 5:25am Sep 4, 2014 5:25am
anyone have a link to the upcoming presser?
  • #921,492
  • Sep 4, 2014 5:25am Sep 4, 2014 5:25am
cb webcast is down - is this a sign
  • #921,493
  • Sep 4, 2014 5:25am Sep 4, 2014 5:25am
Quoting JustAndy
Long @ 30299 TP 15 SL 8
out at 2.5 pip profit...ECB spread incoming...
Why sell the bottoms when you can buy the tops...
  • #921,494
  • Sep 4, 2014 5:26am Sep 4, 2014 5:26am
Quoting MaxDoom
{quote} what do you think the odds of that were?
Who knows what the odds were, but many people were left holding their ass last week when EU news was good and the Euro still tanked. I wait for news to clear, then wait for PA to guide me.

Now that normal volume is back in the market, you could easily get caught in a gap against your position and take a major hit if your entry is close to immediate price before news. If you made a killing today, congrats. I waited and safely took 30 pips on the GU.

Cheers
  • #921,495
  • Sep 4, 2014 5:26am Sep 4, 2014 5:26am
Quoting randomn00b
Time to go short again? {image}
if u trade just watching that sh*t chart u will get killed many times over ;d
  • #921,496
  • Sep 4, 2014 5:26am Sep 4, 2014 5:26am
nevermind found it

http://www.ecb.europa.eu/press/tvser...140904.en.html
  • #921,497
  • Sep 4, 2014 5:27am Sep 4, 2014 5:27am
Quoting ampburner
{quote} if u trade just watching that sh*t chart u will get killed many times over ;d
well you gotta know when it works, take that chart with those expectation in this thread and youŽll get a great indicator.
  • #921,498
  • Sep 4, 2014 5:28am Sep 4, 2014 5:28am
Quoting randomn00b
Time to go short again? {image}


look LOTS not TRADERS
traders mean nothing
  • #921,499
  • Sep 4, 2014 5:28am Sep 4, 2014 5:28am
http://www.ecb.europa.eu/press/tvser...140904.en.html for the webcast
  • #921,500
  • Sep 4, 2014 5:29am Sep 4, 2014 5:29am
covering before blabbermouths
If you are new to Forex? Say Goodbye to your account!!
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