I dont understand market reactions past few months - Page 2
Page 2 of 503 FirstFirst 123 LastLast
Results 11 to 20 of 21

Thread: I dont understand market reactions past few months

  1. #11
    Thanks guys. Glad to hear some people are doing well long term. Gives me hope.

  2. #12
    Quote Originally Posted by ;
    Recall that you take care of probabilities. Also, if thing where obvious that the nations currency would decrease in value immediately on every news-release would not trading be much too simple?

    You said 7/10 times the nations currency did the opposite. Sounds like a system with 70% success-rate to me
    My thoughts eggshackly.

  3. #13
    Consider it. Market is pricing in the simple fact that UK is in huge trouble which explains the levels pre-announcement. GBP has been dropping like a rock lately. Market even priced at the .75% reduction that's intended to help alleviate the credit problems and hopefully restore some order. So, the cut of 1.5percent should really help alleviate these credit problems and hence since GBP was oversold based on .75% decrease expectations, it rallied back up. It is still fundamentals, just different way of considering it.

    Just my 2 pennies.

  4. #14
    It does seem strange that economic news (apart from interest rates) does not seem to be impact fx as far as it used to a couple of months ago. I guess this is simply a very volatile time.

  5. #15
    Quote Originally Posted by ;
    Assuming you managed to enter a trade near the top of the spike and then depart perfectly, sure, you might have caught 165 pips roughly. However, that is not possible.

    What I am complaining about is the lack of follow through, not neccessarily the spike itself. With such a massive rate cut, you would think there would be some follow through to the downside, nevertheless, we had a rally about the GU
    What rally? It looked like a textbook news event to me. Spike down to support, bounce back up to resistance down and up from that point.

  6. #16
    Quote Originally Posted by ;
    It does seem strange that economic news (apart from interest rates) does not seem to be impact fx as much as it used to a few months ago. I guess this is a very volatile time.
    I agree with you, I also agree with the guy who started the thread since I've experienced the exact same situation, I simply do not complain because I am realistic and I am aware that the market's behaviour is not at all the usual, the current economic situation is not usual. I would not dare to trade the new nowadays nor for a few months ahead.

  7. #17
    I would say don't get desperate. It's truth the currencies are not going the way we think they will these days, but it's a good opportunity to learn and try to apply different egies. If you feel like quitting since the GBP went into a different direction from what you believed then Forex is not for you, it's occurred, it is occurring and will continue to occur, with currencies or pairs, even more at the current problems.

  8. #18
    I guess. . U dun have to know,,,u have to exchange everything u see. . .Out difficulty is trying hard to out flank the market. . .in stead of going in flow...
    I come across one paper/article. .its heading is similar to this...

    Are you really dumb enough to develop into a Techincal Trader??

    I really do agree with this on some stretch...


    Sonic

  9. #19
    Interesting idea to go in flow of the market. . .what will occur?

  10. #20
    Today was another instance and REALLY my last day of trading news. Non-farm deductions came worse then expected, plus huge revision and worse unemployment rate. This is similar to the perfect storm of news trading and below ordinary market circumstances, you could have a massive fall in pairs such as USDJPY with little retracement for the first hour or 2.

    Today, we got almost nothing and we really saw the USDJPY go up a few minutes after the news

    So in short, I have traded about news events for the previous few years and have done quite well (made roughly 10x my starting account). I have given back about 30 percent of the over the previous two months. I am done trading around news. I guess it was fun while it lasted...

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners more information