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  • #1,108,581
  • May 5, 2017 1:33pm May 5, 2017 1:33pm
Since that Le Pen's win is almost impossible, no one thinks it can be classic buy the rumors and sell the fact?
  • #1,108,582
  • May 5, 2017 1:47pm May 5, 2017 1:47pm
ugly ugly market today so slow and randomn
  • #1,108,583
  • May 5, 2017 1:53pm May 5, 2017 1:53pm
Quoting Redpips111
anyone yolo and taking a long position over the weekend?
I am considering it, but this isn't the same scenario as last week when price couldn't wait to break those highs. Don't really know if it's worth it this time. But last week i also felt bad that i didn't leave one long over the weekend lol.
  • #1,108,584
  • May 5, 2017 1:54pm May 5, 2017 1:54pm
If price doesn't move up before my margin gets jacked, I'll lose my position 5th wave, can't have that.
Becauese banker scheemes make me loose it like that, crossing 1.1 once so specials now wack.
Le Pen or Macron doesn't matter to me, they all bow to satan, they are tools can't you see?
Rumors of events moving market they say, but clearly it moves in it's own fkn way.
Founder of Sutherland Wave Principle
  • #1,108,585
  • May 5, 2017 2:03pm May 5, 2017 2:03pm
Quoting suthmo
If price doesn't move up before my margin gets jacked, I'll lose my position 5th wave, can't have that. Becauese banker scheemes make me loose it like that, crossing 1.1 once so specials now wack. With rumors of events moving market they say, but clearly it moves in it's own fkn way. Le pen or macron doesn't matter to me, they all bow to satan, they are tools can't you see?
Well yes, the trend won't change magically over the weekend and gap down 1000 pips just because Le pen wins, that is silly. But news CAN turn the direction combined with the tech and when both align at the same time you get those incredible moves! News also brings something indispensable for the market...volatility. On top of this, there are a lot of traders that wait for numbers and then wait for a range to form and trade the breakout out of that range because they know it will go fast because of the news, no matter the direction. There are many types of traders, not just EW (eww? ) traders in this world. So in conclusion, yea news is pretty awesome!
  • #1,108,586
  • May 5, 2017 2:30pm May 5, 2017 2:30pm
Pending short at 1.093.

If Macron wins, I'll just shrug off and forget it. If that woman wins, I'll be feeling magically.

See, for many Macron is already a winner. That's why Le Pen win would be an earthquake.
"Don't lose your cool, and you will fare well".
  • #1,108,587
  • May 5, 2017 2:40pm May 5, 2017 2:40pm
Quoting diana91
Pending short at 1.093. If Macron wins, I'll just shrug off and forget it. If that woman wins, I'll be feeling magically. See, for many Macron is already a winner. That's why Le Pen win would be an earthquake.
Just an advice! Your pending short won't be executed at your price (1.093) if Le pen wins, but executed at the opening price. And as you said, it will be an earthquake, so you can imagine the huge gap to the down side. Hence the juicy part of it will be gone for you and even there is a risk for a quick but short retrace...GL!
  • #1,108,588
  • May 5, 2017 2:53pm May 5, 2017 2:53pm
as a noob trader last week I had 2 longs open, didn't even knew that this whole france thingy could move the market in such a manner. luck was on my side that time but I know for a fact that when you rely on luck you are eventually going to get hit and it will hurt really hard, and I wouldn't dare to the same thing again
Is forex rocketscience? Yes it is.
  • #1,108,589
  • May 5, 2017 2:58pm May 5, 2017 2:58pm
Quoting Fadhl
{quote} Just an advice! Your pending short won't be executed at your price (1.093) if Le pen wins, but executed at the opening price. And as you said, it will be an earthquake, so you can imagine the huge gap to the down side. Hence the juicy part of it will be gone for you and even there is a risk for a quick but short retrace...GL!
Now you've gave me something to think of. Thanks. Although I still fail to understand why should my order be executed at opening price? I would understand my order being executed at different price due to slippage, but at opening price? Why?
Sorry, I was never in such situation before.
"Don't lose your cool, and you will fare well".
  • #1,108,590
  • May 5, 2017 3:00pm May 5, 2017 3:00pm
Quoting ZenNy
{quote} short cable 54
closed -28.

I do not understand this market, surely France has something to do with it.
trading is simple but is simple is not easy.
  • #1,108,591
  • May 5, 2017 3:03pm May 5, 2017 3:03pm
And dovish FOMC event two hours ago.
"Don't lose your cool, and you will fare well".
  • #1,108,592
  • May 5, 2017 3:12pm May 5, 2017 3:12pm
Quoting diana91
{quote} Now you've gave me something to think of. Thanks. Although I still fail to understand why should my order be executed at opening price? I would understand my order being executed at different price due to slippage, but at opening price? Why? Sorry, I was never in such situation before.
It's simple: When the market will open on Sunday 5P.M., your order will be executed at the opening price which is far away your pending order. There is no buyer to fill your order at your price.
It will be easy for everyone to do the same, isn't?
  • #1,108,593
  • May 5, 2017 3:18pm May 5, 2017 3:18pm
Quoting Mauricejac
Since that Le Pen's win is almost impossible, no one thinks it can be classic buy the rumors and sell the fact?
Its not impossible, just highly improbable, bookies wouldn't be offering a 1:6 payout if it was impossible, it'd be something like 1:100000000.

This means that we still gap up on Sunday night on a Macron win.
"Where you want to be is always in control, never wishing, always trading.
  • #1,108,594
  • May 5, 2017 3:34pm May 5, 2017 3:34pm
My humble opinion thinks a macron win is already priced in. Should be an interesting open next week.
Motivation comes from within
  • #1,108,595
  • May 5, 2017 3:38pm May 5, 2017 3:38pm
so i need to make a decision. close my long trade and just get out with a small loss for today. (borrinnnggg)

OR, leave it open for a possible huge gain or loss on sunday open. Right now i'm looking at about $18k loss if it gaps down within 50 pips. But if shit hits the fan, maybe $25-30k loss. i think if my account drops to 50k, i'd be devastated..but i can still bounce from that. anything below that i might cry inside...

i'm leaning towards the latter. Not cause i think i'm a big man and just want to gamble, i actually have reasons to hold

1. i noticed oanda's order book structure today look ALMOST IDENTICAL to yesterday (doesn't mean anything to non oanda users, but i've looked at this for years...and i know patterns when i see them)
2. retailers are shorting this move. so fuck them!
3. in all my years of trading, i notice when price hovers near a whole number...next session it will blow through it. the fact that it didn't touch 1.1 today, makes me believe that there's secret deal going on in the background to keep retailers out of this trade.

and for that,i'm holding. lets wait and see....

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  • #1,108,596
  • May 5, 2017 3:47pm May 5, 2017 3:47pm
DOW.... stoped. FLAT .
DAX - No position . I have a sell ON STOP order at 12.792 Valid through the weekend...

No position in currencies...

Have a nice weekend crew. It was a dificult week...

  • #1,108,597
  • May 5, 2017 3:49pm May 5, 2017 3:49pm
777 888 cyclone 0911 1.1 Spandex Zone election margin FF 2017... This is intense
Have a great weekend every1
Founder of Sutherland Wave Principle
  • #1,108,598
  • May 5, 2017 3:53pm May 5, 2017 3:53pm
Quoting hilmy83
so i need to make a decision. close my long trade and just get out with a small loss for today. (borrinnnggg) OR, leave it open for a possible huge gain or loss on sunday open. Right now i'm looking at about $18k loss if it gaps down within 50 pips. But if shit hits the fan, maybe $25-30k loss. i think if my account drops to 50k, i'd be devastated..but i can still bounce from that. anything below that i might cry inside... i'm leaning towards the latter. Not cause i think i'm a big man and just want to gamble, i actually...

Take the loss man..You will make the same money end of month..by trading..or at least lower the size ...Thinking about a big gap and loss makes me and it's not even my money
  • #1,108,599
  • May 5, 2017 3:55pm May 5, 2017 3:55pm
The EURUSD has come to the 1.1000 level from where it may correct to the downside, but the bullish momentum is still in place and the pair may try to break above that zone.
  • #1,108,600
  • May 5, 2017 4:02pm May 5, 2017 4:02pm
Lets wait and see whats gonna happen
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