I never understood.. when IB says "Volume: 146,832" what does that truly represent? Because I see the Bid/Ask volume if like 3/13 but I just assume that is how many people want to sell and how many people wantn to buy at a given time...
It was sudden death after 45 minutes of maddness. Trading after Fed decision, shaved off my profits by about 25%. I thought this thing would slowly creep up... After all of these crazy moves today, we're back to unchanged
You have any experence with the holyday 2morrow, should we "expect" some big moves to 1.3 again or the volume not there, in your veiw.
Actually, I don't have much experience with FX. Someone was commenting that during days like tomorrow liquidity might be low and there might be some stop running. So actually we might some wide ranges... Edit: I'll force myself to use low leverage especially during the initial trades. Almost all the time, *hit hits the fan, when I use high leverage for the opening trades and start bleeding.
It might be OK in FX tomorrow (for a day with no US data) because Europe and especially London are open. A healthy percentage of the FX interbank trade goes through London. Cheers, TRADERguy
I ended up making net 50 ticks today after commissions--another 10 ticks went to CME and IB! I handled some of the trades very well today-- Waited for entry triggers, scaled in, trailed and scaled out. But still, especially one earlier high leverage trade was very scary. I ended up loosening the stop and got stopped out. This turned very good profit into very bad loss. I HAVE TO ALWAYS REMEMBER THAT IT TAKES MANY TRADES TO BUILD UP THE ACCOUNT BUT ONLY ONE TRADE TO BLOW UP! ON THE ROAD, SPEED KILLS AND IN TRADING LEVERAGE! IT IS AS SIMPLE AS THAT. Thank you all for sharing your mumblings today