WARNING: Extreme Volatility Ahead!

[fxscalper90]

Hey guys,

Is it my imagination or are we getting ready for extreme volatility?

Check this out: Basically, top energy derivatives trader Goldman Sachs issued an alert calling for "a super-spike period that could eventually drive oil prices toward $105."

If it is so, or the market begins coming onto it rapidly, forex is bound to encounter extreme volatilty ahead.

I think I've already been seeing signs of Euro/dollar encountering unusual activity pushing indicators off the charts. Not saying record volume or anything, just... unusual trading patterns.

Kind of like what a seismologist might pick up right before a massive earthquake hits.

Add to that massive oil swings and the market's going to rock (read violent 5 to 7 cent swings).

Thoughts?

sKaLpZ
(chart = oil)

[currencia]

Yes, the thoughts are elemental. Stop looking at substantial price movement with a big WARNING sign in front of it. Embrace price movement and trade it. No price move. no profit to make. Volatility is a good thing.

When price no move, anybody can trade it and not have too big of a loss.

Learn how to hunt for volatilty and capture the prey instead of fearing, hiding or running away from it.

[mahras]

Profits require risk. Its a direct proportionality. However, the opposite can also be said as Risk also leads to losses. Finding the right balance is key. Controlling the risk leads to controlling the losses and controlling your profits. Embrace volatile movements through controlling your risk in the right method.

[fxsurfer]

Currencia, It's good to have you back ..... we miss you in the chat room .... Will you be joining us anytime soon in chat ?
Keep posting ... pleeeze

[fxscalper90]

Originally Posted by mahras

Profits require risk. Its a direct proportionality. However, the opposite can also be said as Risk also leads to losses. Finding the right balance is key. Controlling the risk leads to controlling the losses and controlling your profits. Embrace volatile movements through controlling your risk in the right method.

It also leads to being a control freak.



sKaLpZ

[fxscalper90]

Originally Posted by currencia

Yes, the thoughts are elemental. Stop looking at substantial price movement with a big WARNING sign in front of it. Embrace price movement and trade it. No price move. no profit to make. Volatility is a good thing.

When price no move, anybody can trade it and not have too big of a loss.

Learn how to hunt for volatilty and capture the prey instead of fearing, hiding or running away from it.

You missed the point (as usual).

Violent 5 to 7 cent swings is not "volatility," it is EXTREME volatility. There's a difference.

Please read before you flame. And, before you flame, DON'T POST.

fx

[saijin]

fxscalper, there is nothing wrong with volatility - you're the one missing the point.

so what if the euro swings 5cents at a time?! here's a thought; for all the lemmings that loved trading NFP reports in the past this market will be perfect - breakout trading couldn't be easier.

this is why succesful traders don't post here very often - when they do there are a mass of egos ready to puff up.

me, i'm just here to have fun.

[fxscalper90]

Originally Posted by saijin

fxscalper, there is nothing wrong with volatility - you're the one missing the point.

so what if the euro swings 5cents at a time?! here's a thought; for all the lemmings that loved trading NFP reports in the past this market will be perfect - breakout trading couldn't be easier.

this is why succesful traders don't post here very often - when they do there are a mass of egos ready to puff up.

me, i'm just here to have fun.

Please stop trying to turn this thread into a flame war.

The points I made are clear: They have nothing to do with coaching me on how to be 'fearless' and 'seek volatility as prey' and other idiotic statements.

If oil prices DO form a "super spike" all the "expert forex traders" are going to get smashed even quicker than they already do - that goes without saying.

What I requested thoughts by people who have COMMON SENSE (that rules out several flamer/posters on this thread already) on is the overall probability of the event Goldman Sachs is indicating as coming to pass AND its implications.

Again, for those who actually trade currencies, and those who know the markets, know that violent 5 to 7 cent swings in forex mean something other than simple "volatility."

It is from these legitimate traders I'd like to hear from on this thread. I don't want the popular party/chat room amateurs and other weekday warriors spamming here so they can see their ID up in lights.

Thank you.

MoneyTec, please make note of my request.

Foamgod, Fatman, JAKE986FS, Baruch, Soul-Trader2004, Mishak and EternalFuture, can any of you guys post on this thread: Would like to hear what you have to say.

fx