Yes, off course in the log long you will get burned, and burned bad! I believe even the banks get burned sometimes and they have access to a lot more data than us. You have to be very desperate to try to double your account in one trade, and ...

The broker is neither! If you trade one min charts, maybe! I have experience with two brokers. And they are not even top brokers. The one I use now it gave me soo much more positive slippage than negative! Your success it's not in your broker, it's ...

It is very possible to double your account in one trade. You have to meet a few conditions: 1- Be a very patience person. 2- Have the money that you are ready to lose and use very high leverage(500 if it is possible). 3- Do not use any kind of ...

I've just changed my broker in december, after 4 years with the worst one! With this one, i can't really complain just yet. I've had 30% profit in january trading only news(straddle). The nfp was bad and aud employement was worse. I don't is too bad ...

Congratulations, Tony! I've got 10 Pips, after ~80 Pips sellstop slippage on ECN! That's why I don't trade CAD pairs!

1. Has anyone traded news with an ECN broker? and if so, what's the spread and slippage situation? 2. It's very possible to have... let's say 30 pips slippage. Does anyone know why no broker let you chose a limit for slippage. For example I chose 10 ...

Tony's strategy is ok as long a you are not strangely unlucky and if you have a serious broker with good liquidity. In my case f.e. the eur, gbp, yen and cad pairs have huuuuuge slippage during news events, so the 20 pips sl is out of the question. ...

Sorry if i have'nt read all 736 pages of this thread. I've studied all the news like crazy. I'm trading news almost exclusively(more then 100) for two years now, on real account with straddle. There are too few news for Tony's strategy that could go ...

Hi, Tony! If you don't experience big slippage and your target is 120 pips, isn't it better to use your strategy both ways, buy and sell. Maybe on different pairs, if you're not allowed hedging. Theoreticaly you'll take 100 pips no matter where the ...

Hi, Tony! Aren't you concerned about the OPEC decisions today? The CAD will be very sensitive to that. The big players might use NFP to do their games. And there is the CAD mployement also, witch may alter the NFP result. Why don' t you split the ...

It doesn't matter how much is the slippage. You have to think about the worst case scenario. You can have 0, 12, 27,50... pips slippage. It depends on many factors, like where is your stop, when you put the stop, liquidity, how serious is the broker ...

Hi, Slianto! In your no.#4 strategy, if I correctly understand, you use only a stop order at 20 pips distance( a sell stop or a buy stop)? The worst scenario in this case is that you get get a huge gap on your order and than the price turns the ...

I had a buy limit at 0.7320 but it didn't get triggered.

Another advice for the news traders, look at the order book before the news to set your sl and tp better. I just did on nzd and it was quite funny!

The difference is that as a lawyer you get money from the thieves and as a trader you give your money to the thieves!

Hi Monterson! You are perfectly right! By the way, Ii am a lawyer and I stop practicing five years ago. Since then i'm in forex, and aldough i haven't earn much i'm not sorry. I have traded for more than four years now, with real money(borowed from ...

Hi, Kilian19! It is not about what news generate volatility, it's about when they doesn't. I mean everybody knows that NFP is one of the biggest event, but sometimes it doesn't have too much impact, and can go up and down in seconds or minutes.

Thanks! I think the most important thing in news trading is to find out if they will have big impact or not and stay away when you should. I still haven't figure it out so far.

Thanks for the reply, Monterson! I may have one of worst broker out there. I'm with them for more than 4 years now. I have stayed with them beacause they have fixed spreads. I know that this may not be a good thing but after i have seen on other ...

Hi, Monterson! Can u tell me what news can produce 120 pips impact, beside NFP? Interest rates usually go for more than a 100 pips, but usualy the volatility messes up your strategy. And maybe the RR is 1:2 or 1:3 or whatever(like SaiLyfee said), if ...