NexusFi: Find Your Edge


Home Menu

 





IS EUR/USD too risky to trade?


Discussion in Currencies

Updated
      Top Posters
    1. looks_one sledmt with 6 posts (0 thanks)
    2. looks_two mangolassi with 5 posts (7 thanks)
    3. looks_3 SurtiTrader with 4 posts (0 thanks)
    4. looks_4 Magiklair with 3 posts (0 thanks)
      Best Posters
    1. looks_one trendisyourfriend with 2 thanks per post
    2. looks_two mangolassi with 1.4 thanks per post
    3. looks_3 LukeGeniol with 1 thanks per post
    4. looks_4 bastiaan with 1 thanks per post
    1. trending_up 9,397 views
    2. thumb_up 13 thanks given
    3. group 13 followers
    1. forum 30 posts
    2. attach_file 1 attachments




 
Search this Thread

IS EUR/USD too risky to trade?

  #11 (permalink)
 Magiklair 
Alexandria, Minnesota
 
Experience: Beginner
Platform: Ninja trader
Broker: IB / IQFeed
Trading: Forex
Posts: 135 since Jun 2014
Thanks Given: 30
Thanks Received: 38


sledmt View Post
From what I have seen in futures, the spikes are usually during times that are known to the trader. Can I assume that this is also true in forex?

I was talking about Forex in my original post. Just to clarify, since you were referring to the Eurodollar and Forex trading.
Regards

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
My NT8 Volume Profile Split by Asian/Euro/Open
NinjaTrader
Exit Strategy
NinjaTrader
Are there any eval firms that allow you to sink to your …
Traders Hideout
ZombieSqueeze
Platforms and Indicators
Better Renko Gaps
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
38 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
GFIs1 1 DAX trade per day journal
19 thanks
The Program
18 thanks
  #12 (permalink)
 Magiklair 
Alexandria, Minnesota
 
Experience: Beginner
Platform: Ninja trader
Broker: IB / IQFeed
Trading: Forex
Posts: 135 since Jun 2014
Thanks Given: 30
Thanks Received: 38


sledmt View Post
From what I have seen in futures, the spikes are usually during times that are known to the trader. Can I assume that this is also true in forex?

I was talking about Forex in my original post. Just to clarify, since you were referring to the EUR/USD trading.
Best regards

Reply With Quote
  #13 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
Thanks Given: 157
Thanks Received: 23



mangolassi View Post
This is simply not true. I hope you realize that futures contracts are a very diverse group of products. There are futures contracts on stock indices, oil, metals, currencies, etc... Are you saying that the 6E usually has volatility during known times, while the underlying spot market EUR/USD usually has volatility during unknown times? I trust that you see the fallacy in your argument.

I should have added more detail. I was referring to futures (ES). I was referring to when the ES futures market (open, closes and FED ). During these times the market moves really wild. I seen on occasion the ES move 15 points during these times. During the other times, it is somewhat (loosely) more controlled.

Reply With Quote
  #14 (permalink)
Thxo
West Java
 
Posts: 145 since Apr 2014
Thanks Given: 143
Thanks Received: 123


sledmt View Post
I should have added more detail. I was referring to futures (ES). I was referring to when the ES futures market (open, closes and FED ). During these times the market moves really wild. I seen on occasion the ES move 15 points during these times. During the other times, it is somewhat (loosely) more controlled.

If you're new to FX and not so familiar with FX Fundamentals analysis, i recommend you to follow this Blog - Jarratt Davis or [yt]https://www.youtube.com/user/JarrattDavisForex[/yt] ...

Because only the biggest news that can result in big slippage (usually .. ) ...

E/U open and closed four times a day, majority of the most active times is between London open /Tokyo close and US open/ London close ...


Reply With Quote
  #15 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
Thanks Given: 157
Thanks Received: 23


Thxo View Post
If you're new to FX and not so familiar with FX Fundamentals analysis, i recommend you to follow this Blog - Jarratt Davis or [yt]https://www.youtube.com/user/JarrattDavisForex[/yt] ...

Because only the biggest news that can result in big slippage (usually .. ) ...

E/U open and closed four times a day, majority of the most active times is between London open /Tokyo close and US open/ London close ...


Thanks. Will take a look.

Reply With Quote
  #16 (permalink)
dolamite
chi il
 
Posts: 9 since Jun 2015
Thanks Given: 0
Thanks Received: 1

Definitely wouldn't recommend it for a new person that has never traded high impact news before for a scalp. Sometimes it's better to let the big money go through it's drama and let it subside.

Reply With Quote
Thanked by:
  #17 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985

In the coming weeks must be very careful due to the Greek issue. There may be sudden fast shake up/down.

Take your Pips, go out and Live.
Luke.
Reply With Quote
Thanked by:
  #18 (permalink)
bastiaan
Luxembourg, Luxembourg
 
Posts: 17 since Jan 2015
Thanks Given: 3
Thanks Received: 9


LukeGeniol View Post
In the coming weeks must be very careful due to the Greek issue. There may be sudden fast shake up/down.

Agreed. I wonder whether we will see any big gaps/volatility after this weekends referendum and more importantly what Greece's government's decision will be... Keeping a EUR/USD position over the weekend would be risky.

Reply With Quote
Thanked by:
  #19 (permalink)
sledmt
Kalispell montana
 
Posts: 158 since Jan 2015
Thanks Given: 157
Thanks Received: 23


bastiaan View Post
Agreed. I wonder whether we will see any big gaps/volatility after this weekends referendum and more importantly what Greece's government's decision will be... Keeping a EUR/USD position over the weekend would be risky.

I know it is a educated guess, but how long do you think the Greece meltdown will effect the forex market?

Reply With Quote
  #20 (permalink)
 SurtiTrader 
Surat+Gujarat/India
 
Posts: 25 since Jul 2014


No it is not truth. There may be up and down in the market but every time trading with EUR/USD is not always risky.

Reply With Quote




Last Updated on August 29, 2015


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts