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Whose straddling Fx news?

ahuruglica (ahuruglica)
Jul 11 2014 at 09:56
852 posts
As a matter of facts no one can forecasts when it can happen. But some people think this time will be different. Unfortunatetly bubbles are integral part of the system. Let's name the few important last one:

Oct 1987 - black monday
Sep 1992 - black wednsday
Aug 1998 - russian financial crisis and LTCM fail
Mar 2000 - dot com bubble
Sep 2007 - subprime loans
Apr 2010 - european sov. debt crisis

Almost all of them happened aftee a period of low voltality.

Current bubbles that could pop are: stock market, government debt, corporate debt, derivatives, even sudent loans. All of them on record high and cental bank easy policy is comming to an end.

Bubbles are not the end of the world, it only means a lot of traders are going to loose a lot of money. It is important to be careful.

CrazyTrader (CrazyTrader)
Jul 11 2014 at 10:29
1718 posts
Actually I wouldn't mind to see some dirty price action...

A crisis must be seen as a great opportunity to make profit.

We simply must to forget about technical analysis for 3 weeks as market goes crazy in only one direction.


ahuruglica (ahuruglica)
Jul 11 2014 at 10:36
852 posts
Yes, that is what I talking about. To be ready when the oppotunity comes.

CrazyTrader (CrazyTrader)
Jul 11 2014 at 10:37
1718 posts
ahuruglica posted:
Yes, that is what I talking about. To be ready when the oppotunity comes.


Please quote me back whenever it comes up : )

ahuruglica (ahuruglica)
Jul 11 2014 at 11:17
852 posts
CrazyTrader (CrazyTrader)
Jul 11 2014 at 11:25
1718 posts
Let's see if EA can identify some news and activates the straddle on USDCAD in about 1 hour.




Attachments:


ahuruglica (ahuruglica)
Jul 11 2014 at 11:40
852 posts
1.0630 is good support (1.236 extension). I think it can bounce from there.

CrazyTrader (CrazyTrader)
Jul 11 2014 at 12:39
1718 posts
ahuruglica posted:
1.0630 is good support (1.236 extension). I think it can bounce from there.


Support nicely identified.

This noob EA couldn't guess the news this time.
=> No straddle, no profit : )

ahuruglica (ahuruglica)
Jul 11 2014 at 12:50
852 posts
No worry. I did not place a trade either, i'm too lazy for that :)

Next resistance is 1.0715-1.0735 from where I expect the pullback. Then higher again.



CrazyTrader (CrazyTrader)
Jul 11 2014 at 13:20
1718 posts
ahuruglica posted:
No worry. I did not place a trade either, i'm too lazy for that :)

Shame... I finally notice that CAD is the best news to play... they are always strong and usually goes into 1 direction... no dirty zig zag.

ahuruglica posted:
Next resistance is 1.0715-1.0735 from where I expect the pullback. Then higher again.

Probably something like that....

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