eToro – Forex Trading Forum

[daranuel]

With 4th of July holiday in the United States, I think a lot of traders all around the world will take a day off, especially since it is Friday, the last working day of the week. Therefore, currencies may trade sideways or we may see creepy moves on or the other direction that normally would not happen. I will be taking a day off as I am not sure if we are going to see 10 pips or 100 pips reaction on the news announcements. If you want to trade, you may give a try but be advised that anything can happen today.

At 11:00 GMT. we will have German Factory Orders. This may move EUR/USD a little, some people trade it with a success before but because of the holiday I don't have any specific triggers here. Just be aware that EUR/USD may do spikes at 11.00 GMT.


At 15.00 GMT. we will have Canadian Ivey PMI. If you want to trade it, you may try to scalp with 3.0 trigger. Last month with 3.5 deviation USD/CAD moved by 25 pips so it was not a big move. Therefore, 3.0 trigger might be good enough to scalp a few pips so if it comes out at 65.3 or higher, you may try to sell USD/CAD, and if it comes out at 59.3 or lower, you may try to buy USD/CAD. We may see a nice move or ugly move here depending on how many people will be trading so obviously if the price is moving, you may try to some of the close positions as the price is moving. If the price is not moving, don't go under the water with this little report and get out at BE or small loss.
ANY QUESTION?

[annet1983]

it was a pain to train on july 4 , market went crasy , espesially eur/usd