Question about when to Trade Eur/USD

siki13 · Jun 30, 2011

Quote from swingtrdrt:

When NOT to trade? Just see this morning after 8:30am EST. :eek:

Hmm i had 62 pip (actually i hit close on 50 mark but positive slippage gave me additional 12 pips

) of profit there,but i am lucky my working timeframe made a setup there.

bstay · Jun 30, 2011

Quote from bstay:
I was lucky

Again, helped by Greek news .....

cornix · Jun 30, 2011

I trade it most actively between 6 and 10AM UTC, but US session also has good swings.

Asian session is usually not worth trading, unless something happening that causes an exceptional volatility.

swingtrdrt · Jul 1, 2011

Quote from siki13:

Hmm i had 62 pip (actually i hit close on 50 mark but positive slippage gave me additional 12 pips ) of profit there,but i am lucky my working timeframe made a setup there.

Trading that on a 10k lot...sure. But with 20 wide (if not worse at times), no real trader was actually trading that....nor should they. Considering performance dictates compensation which dictates livelihood...no one is going to risk their hard-earned cash with guesswork.

siki13 · Jul 1, 2011

Quote from swingtrdrt:

Trading that on a 10k lot...sure. But with 20 wide (if not worse at times), no real trader was actually trading that....nor should they. Considering performance dictates compensation which dictates livelihood...no one is going to risk their hard-earned cash with guesswork.

No, my signal occurred before the huge 30 sec drop (no way i would trade that) so i was in position little before it happened.
Trade like any other just this time it got there faster

RCG Trader · Jul 1, 2011

You are asking the wrong question. The true question is, what resolution should your charts be?

bstay · Jul 1, 2011

you guys are talking about trading the news event right? whether your chart timeframe interval or broker spreads or your setup timing allowed you to score on this "sudden" move .....

tim888 · Jul 1, 2011

The best period to trade eurusd is to go long when it is rising and to go short when it is falling. It is simple. So few people realize how simple it is.

bstay · Jul 1, 2011

Quote from tim888:
The best period to trade eurusd is to go long when it is rising and to go short when it is falling. It is simple. So few people realize how simple it is.

LOL! with this, i'm unsubscribed to this thread ......