Huge friday on forex-some insight
As told on previous analysis, break of range will determine the sentiment of the market for this new month. Expectations with dollar,QE3 and every investor waiting for Powell to open its mouth, turned things spicy today.
I wanted to see a lower correction, before & due my macro, see gold rice & shine; banks-algos had other plans. They happened to manipulate like b%·$%es today. First order was set around 12,000 lots over 2.1 billion dollars to then drop another 465 lots with and parox. value of 465 million usd, causing market going crazy volatile... for newbies.
Even Though it was a huge move, it was only 1.3% intraday. We are talking of a range of 3000 points, so if you blew or are scared of this moves, you should start asking some questions to yourself. That's why gold gives a lot of opportunities, but people over trade/leverage & dont chase the money.
If bulls break 1834, price will be back to the rally for new ATH with all this delta stuff. Im not a swing trader i dont care much, i look at opportunities & take action. Im here to play big, not to play for flashing moments.
Have a nice weekend guys, develop your startegy & auto the zhhiet out of it so you can milk as much as your margin allows you.
Keep learning risk management; study your brokers price contracts, leverage, how much can you hold? how long you'll stay; hedge, martin, whatever you do, do it based on statistic, probability not imaginary lines. Money moves forex, fractality and sentiment. Dont chase dreaming ideas or laggy indis. Forex allows you to study past price history and you still trying to predict the future based on nothing literally? You say price tends to behave the same, but you still try to guess where to enter instead of not giving a damn nothing and start doing your job and study volume, Linear regression,equity models,stochastic &statisc, margins of safe, etc.
Well, people just lazy and blame system why they are broke hahaha
Have a good one traders.
I wanted to see a lower correction, before & due my macro, see gold rice & shine; banks-algos had other plans. They happened to manipulate like b%·$%es today. First order was set around 12,000 lots over 2.1 billion dollars to then drop another 465 lots with and parox. value of 465 million usd, causing market going crazy volatile... for newbies.
Even Though it was a huge move, it was only 1.3% intraday. We are talking of a range of 3000 points, so if you blew or are scared of this moves, you should start asking some questions to yourself. That's why gold gives a lot of opportunities, but people over trade/leverage & dont chase the money.
If bulls break 1834, price will be back to the rally for new ATH with all this delta stuff. Im not a swing trader i dont care much, i look at opportunities & take action. Im here to play big, not to play for flashing moments.
Have a nice weekend guys, develop your startegy & auto the zhhiet out of it so you can milk as much as your margin allows you.
Keep learning risk management; study your brokers price contracts, leverage, how much can you hold? how long you'll stay; hedge, martin, whatever you do, do it based on statistic, probability not imaginary lines. Money moves forex, fractality and sentiment. Dont chase dreaming ideas or laggy indis. Forex allows you to study past price history and you still trying to predict the future based on nothing literally? You say price tends to behave the same, but you still try to guess where to enter instead of not giving a damn nothing and start doing your job and study volume, Linear regression,equity models,stochastic &statisc, margins of safe, etc.
Well, people just lazy and blame system why they are broke hahaha
Have a good one traders.
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