Whose straddling Fx news?

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.

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.

Yes, that is what I talking about. To be ready when the oppotunity comes.

ahuruglica posted:
Yes, that is what I talking about. To be ready when the oppotunity comes.

Please quote me back whenever it comes up : )

Yep. I'll be here.

Let's see if EA can identify some news and activates the straddle on USDCAD in about 1 hour.

1.0630 is good support (1.236 extension). I think it can bounce from there.

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 : )

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.

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....

Please let me know the next news you want to trade. I'll tell you about EW perspective and hope we get a good trade.


USDCAD is behaving as I expected, I will look to buy on pullback next week.

That was some good news on GBP today. Did your EA trade it?

ahuruglica posted:
Please let me know the next news you want to trade. I'll tell you about EW perspective and hope we get a good trade.


USDCAD is behaving as I expected, I will look to buy on pullback next week.

Yes pullback came around 1.0715

ahuruglica posted:
That was some good news on GBP today. Did your EA trade it?

Yes I was preparing the chart:
Looks like this EA likes GBP news:



Now I'm only worried on that big jump if live the buy stop would have been triggered at the same entry price or 20 pips above???

*Also it goes short on EURUSD at the same time from 1.3616: +12 pips

I bought GBPCHF at 1.5230 and it has potential to go much higher. Currently 75 pips in green. So I'm planint targets 1.5460 and 1.5530. SL at breakeven so it is a stress free position.

I like that news are starting to move the market. I just like to be positoned ahead of the news (if price sits on good support) so no risk of teleportation :)

Target is far but GBP is on 'unstoppable' mode

Todays cad news.

Area 1.0665 – 1.0680 is good support for long position. If market retraces in three waves, I will look to buy.

ahuruglica posted:
Todays cad news.

Area 1.0665 – 1.0680 is good support for long position. If market retraces in three waves, I will look to buy.

I would be worried regarding uptrend if market goes so low for pullback.

Ohhhh I just got a straddle on GBP:
Short 1.7138
Closed + 16 pips in 4 sec.