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Events in Egypt


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Events in Egypt

  #1 (permalink)
 budfox 
Toronto
 
Experience: Beginner
Platform: Sierra
Broker: MB
Trading: ES
Posts: 313 since Jun 2013

I was advised not to trade on Monday, due to the events happening in Egypt.


How are these events affecting the market?

also how will I know when it is "safe" to start trading again?

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  #2 (permalink)
TheDude
london
 
Posts: 165 since Jan 2012
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WTF?

Make your own mind up. Dont listen to anyone elses opinion.

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  #3 (permalink)
 
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 sptrader 
Colorado
 
Experience: Advanced
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How will I know when it is "safe" to start trading again?
********************************************
Is it EVER safe ?? that's what stops are for.. events can happen at any moment, 9/11/01 for example....our World is unstable and we have to accept that.. and protect ourselves...
Use your own judgement, look at market volatility and if it's uncomfortably high or moving erratically, wait until it's back to historical "normal" levels...

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  #4 (permalink)
 budfox 
Toronto
 
Experience: Beginner
Platform: Sierra
Broker: MB
Trading: ES
Posts: 313 since Jun 2013


sptrader View Post
How will I know when it is "safe" to start trading again?
********************************************
Is it EVER safe ?? that's what stops are for.. events can happen at any moment, 9/11/01 for example....our World is unstable and we have to accept that.. and protect ourselves...
Use your own judgement, look at market volatility and if it's uncomfortably high or moving erratically, wait until it's back to historical "normal" levels...

Ok what factors should I be evaluating besides the VIX, in order to assess whether its back to normal levels?

Thanks.

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  #5 (permalink)
 Itchymoku 
Philadelphia
 
Experience: None
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Just out of curiosity, who told you not to trade Monday?

R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
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  #6 (permalink)
 
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 sptrader 
Colorado
 
Experience: Advanced
Platform: MultiCharts
Broker: IB & Iqfeed
Trading: ES , CL
Posts: 535 since Apr 2010
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Thanks Received: 701


budfox View Post
Ok what factors should I be evaluating besides the VIX, in order to assess whether its back to normal levels?

Thanks.

******************************************************************************
ATR (average true range) on daily bars is something I watch as well as erratic (unexpected) behavior... When price movements don't make sense to me, I back away...

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Last Updated on August 21, 2013


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