Stopped. I’ve overdone it a bit with stop lowering.
Too late now to re enter for me.
One day I’ll try to wake up early - keep missing all the good ‘crack of dawn’ moves.
Too late now to re enter for me.
One day I’ll try to wake up early - keep missing all the good ‘crack of dawn’ moves.
be-positive
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looking to jump on southbound eur/usd
be-positive
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short 4185 stp 4206
bad start but money just lent out
bad start but money just lent out
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Let's see if it's going to move more than 172 pips in less than a minute at 12:30.
(the biggest move this week -Fed's int. rate decision 1 minute candle)
Let's see if it's going to move more than 172 pips in less than a minute at 12:30.
(the biggest move this week -Fed's int. rate decision 1 minute candle)
Less than 60 pips? - Disappointing.
Let's see if it's going to move more than 172 pips in less than a minute at 12:30.
(the biggest move this week -Fed's int. rate decision 1 minute candle)
It wasn't the interest rate as noone expected a change a no change was made, it was the statement released with the rate decision which pledged 600bln in another round of quantitative easing. Bernanke is bent on murdering the dollar.
The interest rate remained the same, but FOMC said it would buy $600 billion in longer-dated Treasury securities through the middle of next year.
Before the event I knew the time of release only - 18:15 (in the economic calendar known as Fed interest rate decision - full name: FOMC Rate Decision and Minutes of Meeting). Also I've heard of a possible FOMC decision to expand QE by at least $500B this month.
Information about possible QE was not that useful to me. I could have ignored all the EU shorts, but I would have missed quite a few good trades that way. Only info I could use was the time. There are some traders who trade the news, but I'm not one of them.
Through my experience, most of the time there is a sudden move in price at the time of release (even if the rate stayed the same). As my stops are quite small compared to that sort of moves, most likely outcome is a stopped trade and sometimes with a stop triggered far away from the original stop. To avoid all this, I do not trade during important reports (at least 15 minutes distance)
You're a genius, so clear now, please post more to shed light on this fx day trading problem....fancy that, a "sudden move in price at the time of release"...who would have guessed .....
You're a genius, so clear now, please post more to shed light on this fx day trading problem....fancy that, a "sudden move in price at the time of release"...who would have guessed .....
I don’t think that sarcastic posts are of any use - maybe to release some sort of frustration?
On the other hand practical advice on avoiding trading around important reports may help.
PS What fx day trading problem?
wackypete2
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Good Luck!
Good to start small, keep your life priorities in order and don't get greedy.
Peter
be-positive
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omg see I am in here all alone with a loonie ( just my little joke cable loonie) goodmorning
Lord Flasheart
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Morning BP,good weekend
be-positive
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yes jules enjoyed my weekend stay on your estate,just one compaint your usual tasty crumpet was a bit rough
twisted:
Lord Flasheart
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yes jules enjoyed my weekend stay on your estate,just one compaint your usual tasty crumpet was a bit rough
What the peasant girls lack in class they make up for in performance
Lord Flasheart
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eur/gb and jpy are in old mas range to go long soon
