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Be careful with the sideway market

mlawson71
Sep 05 2017 at 13:29
1487 posts
BaldoN posted:
Sideway market could be profitable either on short term (minutes) time frames or long term trades (daily +) :)


Good point. It depends on how tight (or wide, for that matter) the range is.

togr (togr)
Sep 05 2017 at 14:52
4862 posts
mlawson71 posted:
BaldoN posted:
Sideway market could be profitable either on short term (minutes) time frames or long term trades (daily +) :)


Good point. It depends on how tight (or wide, for that matter) the range is.

Also it depends what kind of strategy you do trade

AmDiab
Sep 06 2017 at 06:25
718 posts
BaldoN posted:
'Be careful with all kind of market' - sounds a bit better :)


Yes, there is no certainty, it’s all about probability! Anytime market can change its direction.

togr (togr)
Sep 06 2017 at 14:40
4862 posts
AmDiab posted:
BaldoN posted:
'Be careful with all kind of market' - sounds a bit better :)


Yes, there is no certainty, it’s all about probability! Anytime market can change its direction.


Exactly sideways market can change into raging market during seconds!
Somewhere here on MFB I read that user do not use stop loss as they are not needed as trades last couple of minutes.
That is pure nonsense, in forex anything could happen and it could happen very fast.

Nutter21
Sep 08 2017 at 14:15
13 posts
Just look at USDCHF a few years ago 1000pips movement in seconds

mlawson71
Sep 08 2017 at 14:49
1487 posts
Nutter21 posted:
Just look at USDCHF a few years ago 1000pips movement in seconds


That was no random spike, the reason for that movement was the Swiss Bank unpegging the Franc from the Euro, causing panic.

togr (togr)
Sep 10 2017 at 06:57
4862 posts
mlawson71 posted:
Nutter21 posted:
Just look at USDCHF a few years ago 1000pips movement in seconds


That was no random spike, the reason for that movement was the Swiss Bank unpegging the Franc from the Euro, causing panic.


yes and it moved market thousands pips in minites

mlawson71
Sep 11 2017 at 15:09
1487 posts
togr posted:
mlawson71 posted:
Nutter21 posted:
Just look at USDCHF a few years ago 1000pips movement in seconds


That was no random spike, the reason for that movement was the Swiss Bank unpegging the Franc from the Euro, causing panic.


yes and it moved market thousands pips in minites


I remember. It was awful, a lot of companies and individual traders went under because of it.

Patrick1981
Sep 12 2017 at 14:41
7 posts
I lost a crap load on that spike. I had a small lot size but broker didn't close the trade until -850 pips

togr (togr)
Sep 13 2017 at 06:19
4862 posts
Patrick1981 posted:
I lost a crap load on that spike. I had a small lot size but broker didn't close the trade until -850 pips

Yes a lot of brokers were not able to close positions that were turning red with speed of light.
I recall at the end the price came back after huge drop.

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