To trade or not to trade during next few weeks (trick-or-treat thread)
Oct 24, 2016 at 09:14
With US elections and oil exporter negotiations coming up, there is a powerful volatility expected. In the face of these events, it would be interested to know, how many of you would risk and dare to trade? To make it clear, I suggest to share here your thoughts, whether you're going to trade, which currency pairs are expected to be juicy and, what tactics and tips you can suggest. Hope this thread will be useful for all of us :-)
Zeiten Ändern Dich. email: ulrichmax@
Member Since Feb 22, 2011
4862 posts
Oct 24, 2016 at 09:18
The same as NFP
Member Since Dec 11, 2015
1487 posts
Oct 24, 2016 at 10:13
(edited Oct 24, 2016 at 10:15)
Some brokers are already planning to hike the margin for the USD, EUR, CAD, JPY as well as some indices prior to the elections (https://www.forexbrokerz.com/news/ig-hikes-ftse-germnany-30-eur-gbp-margins-us-presidential-elections), others will likely do the same. Between that and the increased volatility it will be more and more difficult to trade. I don't think it will be impossible, but it would certainly good to be cautious.
Member Since Sep 09, 2014
65 posts
Oct 24, 2016 at 10:47
you got my respect bro
There can't be enough money
Member Since Jul 06, 2015
8 posts
Oct 27, 2016 at 06:54
Margin on CHF and AUD are also likely to be hiked. Frankly speaking - this matters all majors. Probably, spread will be wider on ZAR and TRY exotics. Maybe DKK or SGD won't be affected that much.
Member Since Oct 01, 2015
47 posts
Oct 27, 2016 at 12:50
I will probably law low during this period, high market volatility scares me. But hey news traders probably can't wait for that period, so good luck to everyone who will be trading.
Member Since Mar 30, 2016
32 posts
Oct 28, 2016 at 13:17
Gonna watch close at GBPUSD, based on what I see, it's likely to be bearish. Technically, there are all hints for selling, though I won't do anything long-term. Today's news should boost bear-movement.
If you haven't lost, then you have already won
Member Since Mar 25, 2015
74 posts
Nov 01, 2016 at 07:31
EURUSD and USDCAD are my favourites but I will keep a close eye on the GBPUSD as well. Will be checking major technical analysis portals for suggestions and trading signals as well.
Nov 02, 2016 at 07:55
theHand posted:
If you have to sit this out then you don't have good systems. I'm hoping all hell breaks lose to be honest, worse it gets better I do.
I think you're not totally right. More clearly, you're totally wrong, since those who trade using technical analysis are not able to predict the market's reaction to the US president election results. So I am one of those who won't risk and will wait some days before and after elections.
Zeiten Ändern Dich. email: ulrichmax@
Nov 02, 2016 at 08:28
Then those people don't have a good system.
I've traded through every event from Y2K to today, including 2008, that CHF event, BREXIT, Turkey and few random other bits and pieces.
There's no debate. If you're not sure don't be in and then accept your system needs work. End of story.
I've traded through every event from Y2K to today, including 2008, that CHF event, BREXIT, Turkey and few random other bits and pieces.
There's no debate. If you're not sure don't be in and then accept your system needs work. End of story.
Nov 02, 2016 at 08:36
(edited Nov 02, 2016 at 09:03)
And I have pointed out in several threads here exactly how useless technical analysis is. People who beat that drum and then wipe out should really not be surprised.
Technical analysis an age where computers are crunching numbers like the clappers and can do high volumes of repetitive tasks is like throwing chicken bones to determine where on mars we should land.
It's a exercise in futility. Just look an a 4 hour chart of of GbpUsd, what could technical analysis do with that spike ? I must have flipped my Gbp position something like 10 or 20 times on that. I don't even know many times it was, it doesn't matter, all that matters is that I was on the right side eventually.
Where does technical analysis come into a spike generated by nothing, that lasts for 5 mins ?
It's useless.
You are sitting out the most profitable markets around mate. I can't wait for the poop to hit the fan. Love it. Worse it gets better I do.
Technical analysis an age where computers are crunching numbers like the clappers and can do high volumes of repetitive tasks is like throwing chicken bones to determine where on mars we should land.
It's a exercise in futility. Just look an a 4 hour chart of of GbpUsd, what could technical analysis do with that spike ? I must have flipped my Gbp position something like 10 or 20 times on that. I don't even know many times it was, it doesn't matter, all that matters is that I was on the right side eventually.
Where does technical analysis come into a spike generated by nothing, that lasts for 5 mins ?
It's useless.
You are sitting out the most profitable markets around mate. I can't wait for the poop to hit the fan. Love it. Worse it gets better I do.
forex_trader_363540
Member Since Sep 26, 2016
29 posts
Nov 02, 2016 at 12:57
very good moment for trading during next weeks more volatility, more profit. this is ma opinion
Member Since Oct 01, 2015
47 posts
Nov 03, 2016 at 07:15
are you guys excited about this week's NFP? Is it a good time for you to trade?
Nov 03, 2016 at 07:28
steingood posted:
very good moment for trading during next weeks more volatility, more profit. this is ma opinion
I cannot fully agree with you steingood – on one side you are right, but the same applies for losing. Everything you trade during a high volatility market should be considered really well at first. Unless you want to risk everything you have on your account :) Cheers!
Accept the loss as experience
forex_trader_363540
Member Since Sep 26, 2016
29 posts
Nov 03, 2016 at 12:09
in my opinion, period with high volatility, perios for gain much money. We are here talking about big money, that is the reason we are here, in forex world
Nov 03, 2016 at 13:26
Keep trades low and margin levels high (+1000%) and I think all will be ok. If margin level is bellow this rather fund account as priority over opening new trades (don't over-trade).
For every loss there should be at least an equal and opposite profit.
