June '04 Forex

[Newtron Bomb]

New july thread is now open

NB

 

[Redben]

Fabulous post, very insightful and candid, a multitude of information to look at, and also well written! Good work, Frugi.

Ben

 

[gus]

frugi - i'm saving that post to read later,lol

 

[JonnyT]

No No No

Another big news day looming tomorrow. US non farm payroll as 1.30 pm UK time.

Is this a "stay away" day bearing in mind wild volatility on previous big news days?


What do you guys reckon?

Whatever happens, hopefully it will give the eur/usd a bit more direction for next week.

You have to trade the big news days to turn a decent profit.

Stay out and be a loser long term.

Its all about trade management.

JonnyT

 

[darrenf]

Its all about trade management.

JT. Thats my point really. The recent non farm payroll days have seen wild volatilty making a trade virtually impossible to manage.

A decision to stay out when this is expected could be classed as trade management in itself.

I know what you mean though, you have to be in it to win it after all!

Darren