Every trader needs an emotion risk manager
- #1,086,082
- Jan 6, 2017 10:10am Jan 6, 2017 10:10am
- | Joined May 2016 | Status: rollin & pipin | 379 Posts
{quote} everyone who trades news should know that the day isnt just about NFP... average earnings and unemployment rate are also there... everyone here looks at nfp see's its red and goes long... happens every single month without fail on either side of the market
who dares wins
- #1,086,085
- Jan 6, 2017 10:25am Jan 6, 2017 10:25am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} Your right, if only it was that easy LOL. But to my defense I don't trade the news, I already had a long on AU & when I saw the NFP data I went in again thinking it would continue north. Next time I'll wait until the excitement's over. I need to get better at this
BUT
find a strategy that works, fits to your style. If you cant be at the charts much then best to trade longer term, if you can be at the charts all day and dont want to have to wait then trade both, that's what i do
{quote} gu +10
buy gu @1.22705
They could all break-out (AU/EU/GU/UJ/UCHF)
would be 2 quick losses
SELL UJ @117.37
BUY GU @1.22502
- #1,086,087
- Jan 6, 2017 10:56am Jan 6, 2017 10:56am
- Joined Aug 2016 | Status: Trader | 10,397 Posts
Don,
Euro looks uglier by every minute that passes... I am afraid that $JY might rocket spike up...
Euro looks uglier by every minute that passes... I am afraid that $JY might rocket spike up...
- #1,086,088
- Jan 6, 2017 11:00am Jan 6, 2017 11:00am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
Don, Euro looks uglier by every minute that passes... I am afraid that $JY might rocket spike up...
but they are my levels so ill take them
GU in by skin of teeth atm
- #1,086,090
- Jan 6, 2017 11:07am Jan 6, 2017 11:07am
- | Joined Jul 2012 | Status: Complicated Obsessive-Compulsive | 746 Posts
- #1,086,092
- Jan 6, 2017 11:13am Jan 6, 2017 11:13am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} you will have heard and read this so many times everywhere you look BUT find a strategy that works, fits to your style. If you cant be at the charts much then best to trade longer term, if you can be at the charts all day and dont want to have to wait then trade both, that's what i do
GU still running and missed SL by 1.3
- #1,086,093
- Jan 6, 2017 11:15am Jan 6, 2017 11:15am
- | Joined Jul 2012 | Status: Complicated Obsessive-Compulsive | 746 Posts
- #1,086,094
- Jan 6, 2017 11:22am Jan 6, 2017 11:22am
- Joined Dec 2015 | Status: Trader | 7,803 Posts
{quote} UJ stopped +0 GU still running and missed SL by 1.3
hit my entry then shot down to tp - #1,086,096
- Jan 6, 2017 11:24am Jan 6, 2017 11:24am
- | Joined Jul 2012 | Status: Complicated Obsessive-Compulsive | 746 Posts
{quote} you will have heard and read this so many times everywhere you look BUT find a strategy that works, fits to your style. If you cant be at the charts much then best to trade longer term, if you can be at the charts all day and dont want to have to wait then trade both, that's what i do
That's it
{quote} that's an excellent way to trade i had my sell limit too @ 1.0520 , but decided to override it and enter manually earlier @ 1.0536
I did it that way because my time is limited
- #1,086,097
- Jan 6, 2017 11:26am Jan 6, 2017 11:26am
- | Joined May 2012 | Status: Trader | 114 Posts
Always Be +ive
- #1,086,099
- Jan 6, 2017 11:37am Jan 6, 2017 11:37am
- Joined Aug 2016 | Status: Trader | 10,397 Posts
A move below 1.5 24 is very bearish in my eyes. . . . .
