EURUSD

[theseriousone]

Straight 30 point drop today within seconds.... scared the sh*t outa me!

As a newbie to FX are such drops normal?

Does it mean someone sold a lot?

 

[Blindside]

During news release, such price action is the norm. In fact, this is still pretty tame compare to days like NFP or other events

 

[JayS]

This may help you, we get some volatility when econ numbers come out.

http://www.forexnews.com/globalcalendar/default.asp

 

[jmmathieu]

Quote from theseriousone:

Straight 30 point drop today within seconds.... scared the sh*t outa me!

As a newbie to FX are such drops normal?

Does it mean someone sold a lot?

Stick with it and you'll see plenty of 100 pip moves. I have no idea what trading platform you have, but my suggestion would be to check out some one minute charts and time and sales data. This will let you get a good feel for how the various news releases fuel movement.

 

[theseriousone]

I see what you guys mean

USD just broke thru 1.20, triggered my buy signal... rode all the way up *50 points* within seconds... sweet

However I am a newbie using "Minilots" still a nice 50 USD profit

 

[newbby]

you guy's think still uptrend or what ?I s going down

 

[jmmathieu]

Today has been a good example so far. Nice spike up about thirty pips ( i only caught 13 though ), then the market gives it back in minutes. That's why I only hold trades for a few minutes at most.