- Search Forex Factory
- 99 Results (1 Thread , 98 Replies )
- Value of good judgement
Just thought I start a thread to share something quite close to my heart which I think might be ...
- Journeyman replied Nov 17, 2015
I shorted GBPUSD @ 1.5209 and it has not gone very well at all for me, I am sitting on a puny 1. something pip gain which threaten to go into red territory anytime soon. My whole day has been like this, my earlier trades on EURUSD was not moving ...
- Journeyman replied Nov 16, 2015
I totally agree with you on hedging as a viable strategy. However I do want to caution everybody with this very real and plausible scenario. In order to avoid getting whipsawed we probably try to set a wider stop on both sides of the trade. So when ...
- Journeyman replied Nov 16, 2015
I would like to address the slippage + spreads issue. During high impact news releases, these 2 things happen at the same time, and they are not the same thing. Spreads widen due to liquidity issues which causes the Buy / Sell prices gap to ...
- Journeyman replied Nov 15, 2015
Don't we all like easy approaches? Unfortunately profiting from FX market, is never easy. Even with tried and tested strategies, we still have to go through the heart stopping part of entering the trades and watching the results, and closing the ...
- Journeyman replied Nov 15, 2015
Since about year 2009, most brokers do not allow hedging anymore, i.e. taking a long & short trade on the same currency pair, with the same account. The trade will end up getting netted off, usually you end up with no trades with a loss. I have been ...
- Journeyman replied Nov 12, 2015
That's a very good thing to do, to keep track of different releases and its impact in prices. For commodities and oil and gas, I think all brokers have the same spread and slippage issues, so the inherent risks involved have to be accounted for. ...
- Journeyman replied Nov 12, 2015
I am looking into fading news when the effects of the initial announcements run out of steam because from my observations, only NFP produce sufficient price movements to be very profitable nowadays. For most other news releases, you are lucky to get ...
- Journeyman replied Nov 12, 2015
I would stay away from Swiss like plague - crazy central bankers with no consideration for market sanity. However for trades which you put in well before news releases - say about half hour before the time, it saves your capital. That said, I ...
- Journeyman replied Nov 12, 2015
Might want to consider IG, they have guaranteed stop losses which comes in quite useful. However you have to pay a slight premium in the form of slightly higher spread than non-guaranteed. Also stop losses have to be at least 30 pips from your order ...
- Journeyman replied Sep 17, 2013
I had been following this thread quietly for quite some time and experimenting the concept for quite a while. The reason why this method could be successful is simply that when you win, it's going to be a good win. When you loss, the damage is ...
- Journeyman replied Jul 17, 2013
Anybody has any guess what is the best direction to take after Ben's speech? Long or Short? His speech is already available: url Myself I'll wager short on EURUSD. Ben is likely going to assure market the tapering isn't going to be that drastic ...
- Journeyman replied Jul 6, 2013
I have been monitoring the market for about 3 weeks now, and looking forward when Tony comes up with updates to Page 1. For now I think the nasty slippage / spreads / whipsaws forces us to take a stand and put in an order before the market frenzy. ...
- Journeyman replied Jun 30, 2013
I do not understand... could you please clarify?
- Journeyman replied Jun 26, 2013
Tried it today for GDP and it works. This candle pretty much predict the direction after news release, yet avoiding the widening spread.
- Journeyman replied Jun 25, 2013
That shows a lot of promise. Anything that takes widening spread and slippage out of the equation, and yet give us a direction as to where to place a firm trade is always welcome.
- Journeyman replied Jun 22, 2013
Wonderful!
- Journeyman replied Jun 18, 2013
The Geman ZEW releases would not work out. A limit entry just before 5 am ET, with 12 pips above or below the price, would get filled and hit with a 15 pips spread, resulting in stop loss of 15 pips triggered. Oanda's wide spread during such news ...
- Journeyman replied Jun 13, 2013
I am beginning to think there's no one strategy but rather a few possible ones, and with slight tweaking required to cope with the ever changing markets. But the basic premise remains the same, see where the sharks are swimming and swim beside them, ...
- Journeyman replied Jun 13, 2013
Call me fickle, I'm going back to my old broker - Maybank Kim Eng. I put in my pending orders in Oanda, and it got cancelled, maybe due to the spread widening, maybe due to slippage which went beyond the upper / lower boundaries of 1.5 pips I have ...