Money often costs too much... ![](https://resources.faireconomy.media/images/emojis/64/1f644.png?v=15.1)
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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedI disagree. I see the price on its way down from the top of its daily range. On the hourly charts, I see no major support before the monthly pivot at 1.5635.
I am short, so given my trading record everybody should go long immediately
Ignored
Dislikeddepends if you believe the insiders always gets in before any news is released, there's signs that the trend have resumed even before the 10am speechIgnored
DislikedLooks like 1.5810 will be touched after all
Too bad I chickened out and close earlier.
Congrats.Ignored
DislikedDragoncat, I agree, there were signs of an uptrend before the 10am release. But do you really think that it is safe to enter before the release? I've seen before a total flip of the current trend after the release has come out. I've seen this happen plenty of times. Unless there is something major that you know that I dont. lol
The "insiders?" Do you have any information that you can share as far as entering before a news release?
Thanks,
DeeIgnored
DislikedI'm quite worried about the top of the price channel that's on 1.5800, that also coincides with the 61.8 fibo, and is also a round number, I think that may be as high as it'll go today... what do others think?Ignored
Dislikedwe're here now...
maybe it's not a bad idea to have closed the long for those that did, as the first support is 80 pips below the current price, pretty large range to fluctuate around... :IIgnored
Dislikedhi Dee, I've always seen sign before releases, I remember that was the case even when the financial crisis hit in Aug sometime ago, when the fed suddenly reduced the interest rate by 75bp, the trend was already starting to pick up before the release! But there's always exception, for example, the fall from the EUR earlier this month, before 8:30 the trend was up, but 2-3 minutes after the US release, there were signs that it reversed again, just need to have the stop loss at the proper place, but events like this will become a slippage nightmare, but as long as you have stops, you'll easily make it back next time around.
in conclusion, I definately believe that there's a lot of people with inside information, and it's enough to make the trend move before major releases, it's safe to enter before the release, as long as you have the stop, and knows how much you are risking for this particular tradeIgnored