0044 (0)1252 265088

Monday’s video – How many traders got caught?

Charlie discusses traders who would have been long on Euro over the weekend and why around events like these, you should focus on risk….


  1. James-Reply
    June 29, 2015 at 10:19 am

    Hi Charlie,

    Do you also ever trade FX futures?


    • Charlie Burton-Reply
      June 29, 2015 at 10:20 am

      Hi James,

      No I don’t. No real reason, just used to trading spot….

  2. Kevin-Reply
    June 29, 2015 at 11:47 am

    Hi Charlie, I took a long swing trade position last Wednesday, after your analysis concurred with mine. After sitting through 2 days of nothing I had a real think and decided to come out on Friday at break even. I’ve only been trading for 7 months but I do believe I would have stayed with it 4-5 months ago as my mind would have been “how much could I win rather than lose”

    One question I wanted to ask is – was the speed of the retracement on Tuesday important, does such a drop so quickly matter, I’d not connected it with the news as the euro had in the past seemed to ignore all of the Greece worries but in this one it’s really affected it?


    • Charlie Burton-Reply
      June 29, 2015 at 11:51 am

      Hi Kevin – a wise approach considering how significant the weekend had potential to be….

      No I don’t place too much emphasis on that day personally…

  3. Ali-Reply
    June 29, 2015 at 8:44 pm

    Hi Charlie,

    Really look forward to your videos every week breath of fresh air amonst a lot of bs out there…
    Once thing id be interested in getting your opinion on is how much of a trend should you be happy with taking/ riding the wave with. For example I trade the the DAX which for the past few months has had daily average range of anywhere between 200-300 points.
    Oftentimes I will see a setup which would see a move up/down of around that amount but am sometimes not too sure when to get out.
    A really bad habbit that I have found myself doing (and started to cut out) is monetising a move i.e. calculating how much a move from top to bottom is then comparing it to what i took from it (provided it was a winning trade)…
    Suppose my question is for intra day, would you have a ballpark percentage of a move that should be happy with taking?


    • Charlie Burton-Reply
      June 30, 2015 at 3:54 pm

      Hi Ali,

      Firstly it depends at which point you entered during the day. For example if its already moved 200 points then as an average, there’s only 100 points left. So look at the average daily range and then use that as a loose rule of thumb for how much more there may be to run on any given day – obviously there will be larger than average days and smaller than average days too.

      But in the main, if on a trend you get anything up to half of it that would be considered good.



Leave A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.