FX:EURUSD   Euro / U.S. Dollar
1746 45 93
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Comment: THIS IS A HIGH RISK TRADE..

If you have decided to take this trade, please be very careful as NFP is an hour away. PLEASE DO NOT PLAY WITH THE STOP IF IT IS ABOUT TO GET HIT

Just do proper MM and let the trade do its thing. If it works then fine, if not then it's not the end of the world UNLESS YOU INVESTED ALL YOUR CAPITAL IN IT. SO DON'T

Good luck to everyone
Comment: Target Achieved
Be careful now please
Comment: we have reached the top of the target zone
I am out
Comment: ok

I hope you guys had as much fun as I did
Again, when there is no manipulation, things work out just fine and we get 120 pips in 10 minutes
When there is manipulation, we get out with very little damage
If you decide to stay, have fun
If you decide to call it quits, congrats

All of you guys please be nice with the pips
Comment: by the way ...
If you made some nice pips, go back and do some chart likes .. that would be nice
Do like a million of them or something .. lol
Comment: OK guys

I think that we are in a trade that will fulfill my expectation from 2 months back
So if you like, try to re-enter on a retrace to capture the big move up

Comment: ok guys

I'm closing this chart now. over the weekend I will try to do a plan for re-entry into this trade. In the meantime, enjoy your pips. Share the wealth with others. Buy your Mom a gift and tell her that you love her.

Also, please take some time to read my 2 slides about trading news events and about success or failure due to manipulation during those events.

They are both below

Have a good week end



Trade closed: target reached
Comment: By the way, this news event was not manipulated ... Thus we succeeded
WOW
Reply
Yep
Reply
smart!
Thank you very much
Reply
Thank you
Reply
Hi Ichi, Greta work. I have some questions to improve my knowledge:

1) When you entered this trade was this based on some guess around fundamentals, ie that NFP will be lower than forecasted? In the early last week, Yellen was hawkish. So I was assuming NFP would come better than the forecasted 159K. Surely I was wrong. For news trading I usually want to see the news release and then trade. But, what made you firm on long even much longer? I am curious to learn.

2) For news I currently see forexfactory. But it is usually late by approx 1 minute that is surely late if not too late! Is there any other source that brings the news faster?

3) You talked about manipulation that this NFP wasn't manipulated. Could you elaborate on that? What type of manipulation does occur around news and how frequently and in which pairs do they occur?

Appreciate your response.
Reply
Hi

1. I do not do fundamentals. I only know what time the news is. My perspective is that every piece of fundamental information is available on the chart pre and post the news. Also, my capacity to capture the collective fundamental picture for decision making will never be good enough. BUT, I'm not dumb though so I try to read between the lines of what the news wants us to think ;). As for why i took the trade before the news, well, it made technical sense to me and i know how things work during the news so i protect my capital. Please read my perspective on trading the news in my educational section. If you can not find it tell me

2. Yes. The charts. I did not check the results of the NFP for hours after it took place. I did fine. Also, trying to trade the impact of what you think the news means is very dangerous. So I would advise you not to use such a strategy

3. Yes you will find that in the slides i referred to above. Actually, I have the 2 slides in my comments on this chart. So please take some time to read them

Good luck



Reply
Thank you for being so inspiring and generous in sharing your opinion and beautiful charts .!
I am a beginner and still struggling to understand charts but I am encouraged by your tutorial
Thank you again for being here
Reply
Ichimoku_Trader Eliofrancesco
Thank you,

Showing gratitude to others is undoubtedly the highest form of human conduct. A person who does it only deserves my highest respect.

I wish you a successful trading journey
Let me know how it goes
+2 Reply
u are a genius!
Reply
Thank you
Reply
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