Whose straddling Fx news?
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 11, 2014 at 09:56
As a matter of facts no one can forecasts when it can happen. But some people think this time will be different. Unfortunatetly bubbles are integral part of the system. Let's name the few important last one:
Oct 1987 - black monday
Sep 1992 - black wednsday
Aug 1998 - russian financial crisis and LTCM fail
Mar 2000 - dot com bubble
Sep 2007 - subprime loans
Apr 2010 - european sov. debt crisis
Almost all of them happened aftee a period of low voltality.
Current bubbles that could pop are: stock market, government debt, corporate debt, derivatives, even sudent loans. All of them on record high and cental bank easy policy is comming to an end.
Bubbles are not the end of the world, it only means a lot of traders are going to loose a lot of money. It is important to be careful.
Oct 1987 - black monday
Sep 1992 - black wednsday
Aug 1998 - russian financial crisis and LTCM fail
Mar 2000 - dot com bubble
Sep 2007 - subprime loans
Apr 2010 - european sov. debt crisis
Almost all of them happened aftee a period of low voltality.
Current bubbles that could pop are: stock market, government debt, corporate debt, derivatives, even sudent loans. All of them on record high and cental bank easy policy is comming to an end.
Bubbles are not the end of the world, it only means a lot of traders are going to loose a lot of money. It is important to be careful.
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 11, 2014 at 10:29
Actually I wouldn't mind to see some dirty price action...
A crisis must be seen as a great opportunity to make profit.
We simply must to forget about technical analysis for 3 weeks as market goes crazy in only one direction.
A crisis must be seen as a great opportunity to make profit.
We simply must to forget about technical analysis for 3 weeks as market goes crazy in only one direction.
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 11, 2014 at 10:36
Yes, that is what I talking about. To be ready when the oppotunity comes.
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 11, 2014 at 10:37
ahuruglica posted:
Yes, that is what I talking about. To be ready when the oppotunity comes.
Please quote me back whenever it comes up : )
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 11, 2014 at 11:17
Yep. I'll be here.
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 11, 2014 at 11:25
Let's see if EA can identify some news and activates the straddle on USDCAD in about 1 hour.
Lampiran:
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 11, 2014 at 11:40
1.0630 is good support (1.236 extension). I think it can bounce from there.
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 11, 2014 at 12:39
ahuruglica posted:
1.0630 is good support (1.236 extension). I think it can bounce from there.
Support nicely identified.
This noob EA couldn't guess the news this time.
=> No straddle, no profit : )
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 11, 2014 at 12:50
No worry. I did not place a trade either, i'm too lazy for that :)
Next resistance is 1.0715-1.0735 from where I expect the pullback. Then higher again.
Next resistance is 1.0715-1.0735 from where I expect the pullback. Then higher again.
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 11, 2014 at 13:20
ahuruglica posted:
No worry. I did not place a trade either, i'm too lazy for that :)
Shame... I finally notice that CAD is the best news to play... they are always strong and usually goes into 1 direction... no dirty zig zag.
ahuruglica posted:
Next resistance is 1.0715-1.0735 from where I expect the pullback. Then higher again.
Probably something like that....
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 12, 2014 at 07:57
Please let me know the next news you want to trade. I'll tell you about EW perspective and hope we get a good trade.
USDCAD is behaving as I expected, I will look to buy on pullback next week.
USDCAD is behaving as I expected, I will look to buy on pullback next week.
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 15, 2014 at 08:42
That was some good news on GBP today. Did your EA trade it?
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 15, 2014 at 10:32
ahuruglica posted:
Please let me know the next news you want to trade. I'll tell you about EW perspective and hope we get a good trade.
USDCAD is behaving as I expected, I will look to buy on pullback next week.
Yes pullback came around 1.0715
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 15, 2014 at 10:35
ahuruglica posted:
That was some good news on GBP today. Did your EA trade it?
Yes I was preparing the chart:
Looks like this EA likes GBP news:
Now I'm only worried on that big jump if live the buy stop would have been triggered at the same entry price or 20 pips above???
*Also it goes short on EURUSD at the same time from 1.3616: +12 pips
Lampiran:
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 15, 2014 at 10:55
I bought GBPCHF at 1.5230 and it has potential to go much higher. Currently 75 pips in green. So I'm planint targets 1.5460 and 1.5530. SL at breakeven so it is a stress free position.
I like that news are starting to move the market. I just like to be positoned ahead of the news (if price sits on good support) so no risk of teleportation :)
I like that news are starting to move the market. I just like to be positoned ahead of the news (if price sits on good support) so no risk of teleportation :)
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 15, 2014 at 12:12
Target is far but GBP is on "unstoppable" mode
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 16, 2014 at 06:28
Todays cad news.
Area 1.0665 – 1.0680 is good support for long position. If market retraces in three waves, I will look to buy.
Area 1.0665 – 1.0680 is good support for long position. If market retraces in three waves, I will look to buy.
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 16, 2014 at 08:28
ahuruglica posted:
Todays cad news.
Area 1.0665 – 1.0680 is good support for long position. If market retraces in three waves, I will look to buy.
I would be worried regarding uptrend if market goes so low for pullback.
Menjadi Anggota Sejak Nov 21, 2011
1601 postingan
Jul 16, 2014 at 08:32
Ohhhh I just got a straddle on GBP:
Short 1.7138
Closed + 16 pips in 4 sec.
Short 1.7138
Closed + 16 pips in 4 sec.
forex_trader_136673
Menjadi Anggota Sejak Jun 28, 2013
842 postingan
Jul 16, 2014 at 08:33
(diedit Jul 16, 2014 at 08:39 yang lalu)
If price stays above 1.06125 there is no risk. There is nothing wrong is market retraces 61.8-76.4, just an opportunity. Only I would like to see retracements before news at least two waves.
Good job on gbp.
Good job on gbp.
