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  1. #1
    Junior Member

    Angry Unexpected spike on normal market, how to deal with? !!!

    Hi there

    I think I have typical situation like many other regular traders, but I just want to ask if there are any control - management for unexpected spike, when you see no fundamental news in that trading period, I trade period from 9pm to 10pm my time GMT + 2. what a hell going sometimes in market and mostly in last 5 minutes when I do trade from 9pm to 9:30pm or from 9:30pm to 10pm, in last few minutes sometimes happens huge spike against my signals and I lose the money. For example I do call EUR/USD from 9:00 to 9:30 and from 9:26 minute market change a lot and everything starts going against my trade.

    All 26 minutes was everything fine, just after 26th minute it goes against and I lose, it is so hilarious to watch sometimes No Fundamental events in that hour, market trending is good enough and easy for me to read and make profitable decision, bust just some mystical things happens in even last minute or in last 30 seconds.

    How to predict it, how to control it and how to manage trade (double trade or not?) My goal is to build right tactic for these spike

    Thanks For Answers
    Tadas
    Last edited by f5mtadas; 06-02-2014 at 03:01 PM.

  2. #2
    Legendry Member Michael Hodges's Avatar
    you may need to check the global calendar and see if some market is opening or closing at the same time you are trading. You said GMT+2, that's plus 7 from me so if you are trading at 9:30pm that is about in line with the 5:30 time period on the US east coast and approaching the opening of trading in the Asian arena, this time would be characterized as one without many active traders and subject unusual movements in my opinion. Maybe you should trade at a different time?

  3. #3
    Junior Member
    thanks for the answer, yes it looks like sometimes that things happens with some events. I use forexfactor.com for fundamental events, what other calendar service you would recommend?
    And what about time, well I maybe should trade untill 20th minute or 25th minute, because usually untill the 9:20 or 9:25 everything is fine. Thank you very much for me to know
    US east coast and opening of trading in the Asian arena

  4. #4
    Junior Member
    also sorry for my English, I meant spike, not spy

  5. #5
    Specialist Member runneroption's Avatar
    Hi f5mtadas,

    I am not very sure which time zone you are mostly trading. I see you are newbie trader with not so much experience with the markets. My advice is to watch carefully the markets more and to spot when such abrupt changes happen. It is very usual to almost all of the inexperienced traders to think that the market is moving exactly against them even that there is a market conspiracy against their positions but later they find that there is no such thing

  6. #6
    Junior Member
    Quote Originally Posted by runneroption View Post
    Hi f5mtadas,

    I am not very sure which time zone you are mostly trading. I see you are newbie trader with not so much experience with the markets. My advice is to watch carefully the markets more and to spot when such abrupt changes happen. It is very usual to almost all of the inexperienced traders to think that the market is moving exactly against them even that there is a market conspiracy against their positions but later they find that there is no such thing
    well there are different: when market price changes in 1-3 seconds and price changes in 1-3 minutes, yes I know what you mean, but it sucks when all trades were trending nicely and wins on binary not just few pips different, but it usually big enough - almost perfect trades (I meant when price were not against your prediction - was always trading all 27 minutes to the direction I did) and in last 1-2 minutes it happens the moment when price switch direction so fast - so I want to change the time frame trade to 20th minute, lets see

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