Massive down spike in AUD/USD wtf?

Quote from davidmaria1:

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There you go. Damn news.

What do you use for a news feed during the Asian session?
 
Quote from TradeViper:

Aye, you need to know if there is data, news, reports coming out before entering a trade.


The Ever Watchful VIPER
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Most certainly. That was never an issue with Forex.com. The news feed on that platform was great (to bad the platform itself sucked). They had constant updates of news release times.

Now I'm with FXCM and there's absolutely jack squat for news alerts. (yes yes, bucket shop madness, I know)
 
Quote from TradeViper:

Just look at the forex factory calender.




The Ever FYI VIPER
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Perfect. Thank you.


Glad to have gotten out for nearly even. I'll never make that mistake again (hopefully).
 
Quote from AyeYo:

There you go. Damn news.

What do you use for a news feed during the Asian session?
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Forex Factory, which covers the planned events. If there's an intervention, we'll never know till our nuts are dropped anyway.
My guess, this pair will creep down till about .8850, which will coincide with the FOMC announcement on Wednesday.
 
Quote from davidmaria1:

Forex Factory, which covers the planned events. If there's an intervention, we'll never know till our nuts are dropped anyway.
My guess, this pair will creep down till about .8850, which will coincide with the FOMC announcement on Wednesday.
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Yea, that's what I was figuring. 0.8810 was actually where I had my target line for the daily. I was just looking to play a little scalp on the 15 min. I was actually just about to take profit before the floor fell out.
 
No prob, made money on the AUD/JPY spike, I was bored Mrs. VIPER was busy wit bidness, so I figured to make some pocket change in my personal account.



The Ever Fighting Boredom VIPER
 
Quote from TradeViper:

No prob, made money on the AUD/JPY spike, I was bored Mrs. VIPER was busy wit bidness, so I figured to make some pocket change in my personal account.



The Ever Fighting Boredom VIPER
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If you don't mind me asking, how did you play such a quick move?

Were you expecting certain numbers in the news? Or did you you catch it after the move and ride it back to more rational price land?
 
Entered before the move, look at a 1 hr chart. Thats all I can say, I wish I could explain more, but if you look at the chart you can see the calculated risk.


The Ever Calculating VIPER
 
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