Trading Order Out of Chaos
Following on from the previous post on ADP and slippage I’m writing up this brief note to share the pain, and hopefully get the point across: leave the News Alone Please. One of my systems that trades the EURUSD currency pairs actively, operates using stop-orders to enter the market and associated protective stops to limit […]
Following on in the series of Market Dynamics the NFPs presented a great opportunity to take a closer look at what happens during important news events. I’ve learned my lesson by now: don’t trade during news events. And this is especially true of stop orders in these situations. Price will just hop straight through. When […]
PBOC fixings have become a fixture (at least for the last couple of days). With the big sell-off in the CSI China is trying to inject liquidity into the market and doing so in different ways. For the FX market it’s been a weakening of the reference rate. Here are the rates over the last […]
Short update on AUDUSD and the AIG Construction index on the 7th January, 2016, 22:30 GMT. There is a reason ForexFactory labelled this as yellow (which seems to be the lowest importance rating they give to news releases). The market was completely comatose, both from a tick count per minute basis, as well as from […]
It’s only been the fourth trading day of 2016, but there is no shortage of surprises, volatility, and all round mayhem. Today the AUDUSD had two announcements which can be considered relevant. The first was at 00:30GMT, the Building Approvals number, and shortly after 01:15GMT the PBOC rate fixing for the CNY. The first announcement […]
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Quick thank you for the suggestion to look at shorting the CHFJPY. Just closed at 122 pips profit. With only 9 pips Max loss. Nice. Michele Russell
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