The framework is there; we just have to work on our frame of mind.
If you haven't made it yet, what makes you think you will? 212 replies
Trade What You Know and Know What You Trade 4 replies
FX News Calendar as Wallpaper (if you consider news trading) 8 replies
will you trade today ??? Dec 25 ? when will you trade back ? 6 replies
Quoting smjonesDislikedYa bet ya,
I just did not want to plot the lines, because I thought it kinda proprietary to you. ... Thanks for the info... It works great. It is a good confluence.
SMJIgnored
Quoting fl_tradinDislikedAll in all a good day to trade news, a fine example of what to do. On a 1m chart you could see a symetric triangle formation that eventually broke down at the same location as sjm's TDTL. Continued confirmation by a breakdown through the initial pre-new open price. Divergence on RSI and Fisher transform for an overall final confluence.
I'm interested in the 146 ab fibo set, would you mind sharing this technique niceguy?
Thanks and good trading to all....
flIgnored
Quoting smjonesDislikedI do not care what the actual news report has to say. All I do is make a trade based on the consensus of the trading participants. That is why I place my trade after the news comes out, when price consolidates temporarily.
see the attached chart of last Friday's cable.
Thanks SMJIgnored
Quoting tradewizDislikedmay i ask what if the price goes one way all the way after the news break out, do you just sit there watch and you try to get on board at some point of time? if the later how do u manage it? thanks.Ignored
Quoting PalmerDislikedsmjones:
What broker are you using to get fills on the news releases? I'm guessing you'll be watching the release at 1:15 on Thursday.....Ignored
Quoting stignataDislikedIs it possible then that one can trade the news as it is released and/or after the news has moved the market (if any movement occurs)? In other words, on trades such as the non-farm, after it does its up and down "dance", can one still make a profit by entering the trade as it is retracing?Ignored
Quoting jlowderDislikedI'm curious to know if anyone else has tried this. I have a grid EA that I use on MT4 that I was just going trade the trend on, but I thought why not use it to catch the moves of the news releases.
I set it up so that it would start buying or selling 15 pips above/below the price (for the non farm payroll). It actually did quite well, but I made the mistake of having it re-issue buy orders as it was trending within the release (and not closing out early enough). I ended up making decent money on it, all mistakes aside (demo account, 3k mini).
I would think this would be a good method of trading highly explosive moves in a currency.
Any thoughts on this?
JasonIgnored
Quoting Pip-GandalfDislikedHey Jason,
Very dangerous !!!
The Brokers know this - and at most times you will get chopped by the pre news spikes.
I have tried this many times and got burned.
Try a chennel breakout after the news - much much after.Ignored
Quoting jonasDislikedI normally trade cable due to the variable of the GBP is not so aggresive campare to other currency like Euro or Yen and the volativity is pretty good.Ignored
Quoting jlowderDislikedI've seen mention of this before. When you say you normally trade cable, what are you talking about? Is this in reference to a specific pair or is it something else?
Thanks,
JasonIgnored
QuoteDislikedTake from marketiva
Trading Terminology
Traders often chat with one another about a variety of topics related to the forex market, giving their perspectives and discussing trading ideas and current moves on the market. While communicating with each other they often use slang to express their thoughts in a shorter form. You can read about the slang and other trading terminology in these pages.
EUR/USD: Euro / US Dollar is often called Euro;
USD/JPY: US Dollar / Japanese Yen is often called Dollar Yen;
GBP/USD: British Pound / US Dollar is often called Cable;
USD/CHF: US Dollar / Swiss Franc is often called Dollar Swiss, or Swissy;
USD/CAD: US Dollar / Canadian Dollar is often called Dollar Canada, or C-Dollar;
AUD/USD: Australian Dollar / US Dollar is often called Aussie Dollar;
EUR/GBP: Euro / British Pound is often called Euro Sterling;
EUR/JPY: Euro / Japanese Yen is often called Euro Yen;
EUR/CHF: Euro / Swiss Franc is often called Euro Swiss;
GBP/CHF: British Pound / Swiss Franc is often called Sterling Swiss;
GBP/JPY: British Pound / Japanese Yen is often called Sterling Yen;
CHF/JPY: Swiss Franc / Japanese Yen is often called Swiss Yen;
NZD/USD: New Zealand Dollar / US Dollar is often called New ZealandDollar or Kiwi;