EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #1714 (permalink)

Miami FL USA
 
Trading Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,112 received


dakine View Post
@Cashish. Does news factor into any of your decision making? I see we have some red news coming up on the hour. Will you hold into that?


Yes, news is a major factor.

IMO, this was one weird session. I believe there were a lot of traders standing on the sidelines looking for that perfect low risk entry that never came, or they took an early holiday . My volume profiles were ugly and jagged, B Band signals were all within tight ranges and had to be carefully managed and I don't think I saw any bars completely outside either the +2 or -2 SD bands of the VWAP or the B Bands. My idea for higher highs in my last post went out the window quickly when price couldn't drag it's ass out of the +2 SD band. There was a naked POC up there that intrigued me but it takes enthusiasm to reach for those. I sold the Sell Number, and targeted a naked POC on the 2am V Profile of yesterday.

Your question about holding. No, I wouldn't have held that particular long near the top into news, but if I have a lead on a trade and feel it's in a decent trend I'll hold one through MOST of the overnight news. I also look to see where I'm at in the Volume Profile. If I hold into news I want the trade to withstand a 14 point "shock wave," I consider 14 points normal price rotation. That's why I want volume around me and a defined direction, people get out prior to news, then get back in,,,, then get shaken out, that's the shock wave.


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