Thread: whats going on with the market?

Originally Posted by ;

But really almost all pairs went to tops and bottoms, therefore everything is fine, only... u always need to be prepared for this. For example eur/usd 1,2440 was already known like resistance price, and bear channel high everybody could brief on eur/usd at this level. I actualy shorted at 1.2425 (88.6 fib), I did not expected to go that much, but I did not loose anything, get several pips profit but it's not a loss at least market was not our friend now.

I believe it's impossible to have been prepared for this..lol...I guess that it was the huge money giving themselves their end of the year christmas bonuses

Everything is possible You just have to think on your charts, not the way price behave. As I said 1.2440 was known before, so just make a commerce and make use of your sl with minimum risk Of course I don't say that's really simple, its difficult, but possible.

Lol it was somewhat frightening. The fact that it had been unexpected without a fundamental news coming out that morning is that which caught me off guard...

Expect the unexpected. ;--RRB-

This is why people go on and on and on and on and on. . .sorry. . .about commerce size and margin requirements. How the market goes today, tomorrow and most of next week is fair.

However, a few days are like this and we need to learn how to expect'these' times and behave like every day could be like one of these. . .or bigger/faster and learn how to not only endure, but to profit from them as well.

Originally Posted by ;

Anticipate the unexpected. ;--RRB- This is the reason why folks go on and on and on and on and on. . .sorry. . .about trade size and margin requirements. The way the market goes now, tomorrow and all of next week is fair. But some days are just like this and we must learn to expect'these' times and behave like each day might be like one of these. . .or bigger/faster and learn how to not just endure, but to profit from them too.

Haven't seen such a strong random move like this with no fundamental releases behind it happen out of nowhere before though. I wasn't surprised with usdjpy dropping down some I was targetting a level about 100 pips or so above from where it ultimately went to for it to return to. The abrupt selloff was random. The move itself didn't bother me it bothered me that there was no fundamental launch. I thought something was wrong

It was not moving then suddenlly it did a big move I Believe it is Associated with end of year position closing
All have a Wonderful day

I wish everyday was like that. Id be rich right away.

Originally Posted by ;

It was not moving then suddenlly it did a big move I think it is Associated with end of year Standing closing All have a Wonderful Afternoon

sure but the Cash should atleast cover up their trails/pump and dump manipulation and Match a huge random move Such as that with atleast a fundamental news event

Originally Posted by ;

today made me consider atleast a double screen setup for trading instead of 1 laptop

At least two minumum, four better, two on top instead of from left to right so they are there in front of you. This way you're able to see easily where to time your entries whilst still keeping your eye to the bigger picture that will help with your own exits.

Originally Posted by ;

quote At least - 2 minumum, four better, two on top instead of from left to right so that they are there facing you. In this manner you're able to see easily where to time your entries whilst still keeping your eye on the bigger picture that will help with your exits.

Yeah I might have to start looking into it. Can you see cnbc through the day also or have some additional source for breaking news?