Remember theres cad news at 15:00 as well.
-removed, so that it doesn’t confuse things for new account-
Big news day tomorrow folks.
I would suggest being very cautious.
[B]SSI: Crowd EURUSD Long Position Remains Near Largest Since Mid 2013[/B]
Gbp rate decision @ 12:00
Euro rate decision @ 12:45
Volatility is likely, so be careful.
If unexpected euro news comes out, then I would expect a strong reaction from the markets to the up side, but I think this is very unlikely.
Its pretty quiet this morning, it would appear the market is really waiting on this news.
Expect some volatility people!
-removed, so that it doesn’t confuse things for new account-
If my new British follower is here on babypips, welcome!
hello there what will be your strategy on Draghi talk today? How are you going to handle the events?
Hi Eddymo,
I won’t be trading the news specifically, as I’m a technical trader, not fundamental. However, as previously said I will be very surprised if the euro gains much strength immediately following the announcement.
Generally I expect a weak euro now for some time to come. There will be periods of retracement but that’s all.
If I was a fundamental trader, I would be looking for the news to be as expected and short the euro immediately after.
OR if there is a surprise, then buy it up to the last significant high.
I hope that helps.
SO, the news was basically as expected and the outcome was a weaker euro.
As soon as they is a retracement in this recent price action, I will be shorting the euro in general.
The interesting pairs with regard to the euro are the eur/bgp and eur/chf, as these often do the opposite of pairs like the eur/usd or eur/jpy. I think there will be a slight disconnect in this case and the euro will show weakness across the market in general, but likely more subtle drops against the chf and jpy.
Right right right! I think it is already getting momentum and rising up…but still there is a lot to see…After-all, i did learn something from zulutrade over these years of trading - though i am not going to attempt be trading manually myself.
Yeah, I think the retracement has started in general which is good.
I don’t like not trading much, its been a very tedious few weeks and I look forward to trading at full capacity again in the next week or 2.
Bring it on!
Hardest part of trading - self-restraint/discipline!
But we have had 2x orders taken today and 4 total over this week, so looking like we are going to be back in the swing of things soon!
Your right again my friend!
I have to say mbdav, you are very competent for a beginner!
Possibly one of the fastest learning newbies I’ve ever seen. You seem to have a view of forex that is well beyond your experience level. I’m impressed.
Well done!
I think there is a bright future in fx for you.
:35:
Nooooo I am nothing special, I just read (a lot) and (I think I) know my own weaknesses (which, I imagine, are the same as many others!)
I dont expect a bright future in fx, I expect to learn
if good things happen because of learning, bonus!
And modest as well!!
You’ll go far, you’ll see.
FYI fellow babypiper’s, there are now 12 orders and 4 positions open, so fingers crossed the trade drought is over! lol