what's going on with the market? | Page 2 | Forex Factory

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  • #21
  • Dec 9, 2014 10:45am Dec 9, 2014 10:45am
Quoting justiniuxas
But actually almost all pairs went to tops and bottoms, so everything is fine, just... u always have to be ready for this. for instance eur/usd 1,2440 was already known like resistance price, and bear channel top, so everyone could short on eur/usd at this level. I actualy shorted at 1.2425 (88.6 fib), i didn't expected to go that much, but i didn't loose anything, get few pips profit but it's not a loss at least market wasn't our friend today.
i think it's impossible to have been ready for this..lol...i guess it was the big money giving themselves their end of the year christmas bonuses
  • #22
  • Dec 9, 2014 12:19pm Dec 9, 2014 12:19pm
Everything is possible You just need to believe in your charts, not how price behave. Like I said 1.2440 was known before, so just make a trade and use your sl with minimum risk Of course I don't say that is so easy, its difficult, but possible.
  • #23
  • Dec 9, 2014 12:25pm Dec 9, 2014 12:25pm
lol it was a little scary. the fact that it was unexpected with no fundamental news coming out this morning is what caught me off guard...
  • #24
  • Dec 9, 2014 12:33pm Dec 9, 2014 12:33pm
Expect the unexpected. ;-)

This is why people go on and on and on and on and on...sorry...about trade size and margin requirements. How the market moves today, tomorrow and all of next week is reasonable.

But some days are like this and we need to learn to expect 'these' days and act like every day might be like one of these...or bigger/faster and learn how to not only survive, but to profit from them as well.
  • #25
  • Dec 9, 2014 12:49pm Dec 9, 2014 12:49pm
Quoting Nefser
Expect the unexpected. ;-) This is why people go on and on and on and on and on...sorry...about trade size and margin requirements. How the market moves today, tomorrow and all of next week is reasonable. But some days are like this and we need to learn to expect 'these' days and act like every day might be like one of these...or bigger/faster and learn how to not only survive, but to profit from them as well.
haven't seen such a strong random move like this with no fundamental releases behind it happen out of nowhere before though. I wasn't surprised with usdjpy dropping down some i was targetting a level about 100 pips or so above from where it ultimately went down to for it to come down to. the sudden selloff was random. the move itself didn't bother me it bothered me that there was no fundamental release. i thought something was wrong
  • #26
  • Dec 9, 2014 12:56pm Dec 9, 2014 12:56pm
It was not moving then suddenlly it did a big move i think it is related to end of year position closing
All have a nice day
focus while relaxed to see better
  • #27
  • Dec 9, 2014 1:04pm Dec 9, 2014 1:04pm
I wish everyday was like that. Id be rich in no time.
  • #28
  • Dec 9, 2014 1:16pm Dec 9, 2014 1:16pm
Quoting orabi
It was not moving then suddenlly it did a big move i think it is related to end of year position closing All have a nice day
sure but the big money should atleast cover up their trails/pump and dump manipulation and coincide a huge random move like that with atleast a fundamental news event
  • #29
  • Dec 10, 2014 4:40am Dec 10, 2014 4:40am
Quoting justin7
today made me consider atleast a double monitor setup for trading instead of 1 laptop
At least - two minumum, four better, two on top rather than from left to right so they are there in front of you. This way you be able to see easily where to time your entries whilst keeping your eye on the bigger picture which will help with your exits.
  • #30
  • Dec 10, 2014 8:16am Dec 10, 2014 8:16am
Quoting cat
{quote} At least - two minumum, four better, two on top rather than from left to right so they are there in front of you. This way you be able to see easily where to time your entries whilst keeping your eye on the bigger picture which will help with your exits.
yeah I might have to look into it. Do you watch cnbc during the day too or have any other source for breaking news?
  • #31
  • Dec 10, 2014 8:55am Dec 10, 2014 8:55am
Quoting justin7
{quote} yeah I might have to look into it. Do you watch cnbc during the day too or have any other source for breaking news?
I don't pay any attention to the news, except of course when important red flag data is released. I trade from my charts 100%, so any news channel is just a distraction for me.
  • #32
  • Last Post: Dec 10, 2014 10:15am Dec 10, 2014 10:15am
Quoting cat
{quote} I don't pay any attention to the news, except of course when important red flag data is released. I trade from my charts 100%, so any news channel is just a distraction for me.
okay you never know when something unplanned happens that shakes up the world lol
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