To trade or not to trade during next few weeks (trick-or-treat thread)

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 :-)

The same as NFP

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.

you got my respect bro

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.

volatility can bring profitability. I will trade and scalp the markets further. let's see on eurusd and gbpusd specially 😄 do not risk a lot, however. eyes close to the m1 charts.

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.

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.

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.

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.

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.

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.

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.

of course this what news traders wait for and expect. The Positioned Traders and Technical traders should better wait up as the market is getting crazy. Different strategies different points of view.

Except high volatility, we're not quite sure how much Trump will impact the economy, or the belief in the stock marked. Nor what to expect from the Feds regarding December yet.

very good moment for trading during next weeks more volatility, more profit. this is ma opinion

are you guys excited about this week's NFP? Is it a good time for you to trade?

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!

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