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

SaltyWaters posted:
Some see Fear and Danger in Volatility, Some see Opportunity. Both are right! Each one choose their own reality. Both are creations of ones mind.

That's true! I think we all prefer when the charts are dynamic, not just flat and stuck. Best if the price move in our direction! 😄 I will keep trading also during the upcoming NFP and right after the elections.

The NFP before the Elections sounds good to me there will be a lot of speculation on this one. But to be honest I am more excited about the December one. This one is the whole year jaw droping bomb that I am waiting to trade :)

So guys is everyone ready for elections? Which positions do you open? :)

Definitely avoid trading the markets became crazy already

I love this situation, it is time for wining money guys!!

It is always funny for me to see all those speculative traders who call for opening trades during huge volatility without having any trading systems connected here :D Those who prompt to trade and call it 'time for winning money' could you all connect your systems and show how do you trade while such events? 😄

I myself am for sitting calm and quiet during eventful things.

Right now it's just too risky to trade any USD-related pair. I think I'm going to wait out the next 48 hours without trading those at least.

I think here the main issue is the uncertainty of the elections. So I personally won't trade fx actively as I don't know where the markets will go.

@mlawson71 I fully agree withj you, but anyway I have opened GBPUSD with small volume trade sell this morning and I am going to set breakeven onto it.

Sell GBPUSD at 1.2435. Hedge around election risk with GBPJPY.

I have 30 pairs open for risk management (not all with trades open, trades will open on other pairs only to balance positions)

Short GBPXXX (actually almost all trades are short)
Long AUDXXX

I have changed my strategy to long term, low risk (March 2017 at least). I think markets will be erratic, USD positive short term for Clinton win purely on sentiment, negative Trump win. Long term I think the tide will change, positive Trump win, negative Clinton win. From a third perspective, I see Trump plan energize growth, reduce deficit (though military spending lingers as uncertainty), increased production, etc. With Clinton I see stagnation in growth (doing the same thing expecting different result? not likely.), increased taxes, increased medical - 'WhateverCare' will put a strain on households already under pressure = more debt = more inflation = more pressure, recycle. I like Clinton clean energy plan, I don't like Trump increased industrial and mining... other than that I'm more optimistic overall on Trump plan to stimulate US$.

To trade or not to trade - the results are fact and it will be a long day 😄 Will be watching the news closely but for now will stay away from the market.

I decided to stay away from majors like EURUSD and GBPUSD. I saw the spikes and the volatility and realised it was good decision for me.

I think Mr. Trump is going good for us, I love volatility situacions...,

steingood posted:
I think Mr. Trump is going good for us, I love volatility situacions...,

you seem quite excited about it! which pairs did you trade during the elections? I hope you enjoyed this 300 pips EURUSD spike on Wednesday 😄

I was incredible, fantastic, 😀

I didn't trade during the elections at all. I don't like doing it during such high volatility. But I did start trading again already.

I traded just a couple of indices and after a quick loss I decided to stop and stay away for a while until everything gets back to normal.

Actually I tried trading the Dow Jones index and had a good profit to cover the losses on other instruments.