Im guessing it was FOMC volatility
Personally I would not trade during FOMC
But nice trade!
Im guessing it was FOMC volatility
Personally I would not trade during FOMC
But nice trade!
Mine was 6166 too, but then again I think weāre both Alpariā¦
Hope you stayed disciplined.
I posted it mid afternoon on Monday, with chart, have a quick root back.
1.61733 is the high for todayās feed either way!
Lucky you, end of year bonus.
Should have practiced my patience skills and stick with the original plan of tp at 1.6160/70
Or read up on the double tap thread entries
Oh well, still bagged 40 pips
Only just haha
Great! that the ICT influence.
haha
Would have to invent a 13 month calendar first
LOL LOL What an idiot I am, I lost a grand today, Iām blaming that for such a stupid error!!! LOL
Holy crap man. I wish I had the ability to lose 1k.
Hello Fellow traders,
Do you see same spike in your chart? Could you tell me why it happen in some broker but other do not? First spike in friday NFP release 2nd is for yesterday Feds stimulus step. How do you draw your fib in these spike?
Reason - Lack of Liquidity, which would make most applied TA rather inaccurate. This is a reason not to trade the News and/or get another broker.
Below is the Forex.Ltd chart, which I only use for the USDX. The spikes are much less pronounced.
hahahaha its nice if for once the slippage is in ones favor;)
Are you thinking about posting some updates about your performance for 2012?
While I fully understand anybody who prefers not to share such information in a public forumā¦ but you seem to be taking home nice profits every weekā¦ would be exciting to see how you are doing by now - since you where following ICT for quite some time and seem to be doing greatā¦
I will watch the market today and if something very juicy pops up Iāll try to take itā¦ otherwise I might also be finished for 2012;)
For transparency and in case anyone in here gives a rats a$$, I will post some updates about my current performance maybe later on today or within the next few daysā¦
cheers
well, i got bent over pretty damn hard! putting interest rate decisions and speeches by bernanke or draghi next to NFP in my trading plan in the category ādonāt tradeā. well, what a bad ending to 2012 for me. looking forward to 2013, will only be demo trading until the 2nd week of january from now on.
Excerpt from an email that I received from my broker yesterday.
"ā¦Underlying market conditions at this time of the year mean that markets may be extremely volatile and spreads are often much wider due to a lack of liquidity. We want to protect our clients from this increased exposure in the market by advising you to take spreads and liquidity into account when setting your stop losses and consider whether it is an appropriate time for you to be trading or holding a position.
We also suggest that if you are holding hedged positions i.e. 2 trades that net off each other, that you consider closing them as widened spreads could potentially cause these trades to go below margin requirementā¦"
This is what Trader looks like who trades around year end
All have a good break and good trading for 2013
Which broker is it?
Ava Meta Trader
I missed this posting the other day, cor this threadās going fast now, I was looking back at a couple of your posts, made me think of something, by today though, Iāve got the reflection pattern, just by the chart that doesnāt look like ICT reflection, it looks like a technique Iāve not used before, another one to use for confluence though maybe?