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  • #1,119,101
  • Jun 24, 2017 4:33am Jun 24, 2017 4:33am
Quoting Samson85
This is one the best strategies out there. I like trading the news and data releases because its easy money within seconds, but if you don't want to get caught directly in the wind then this is the best strategy to use after a data release. only a 3 minute video that can help you make thousands. Let me know your thoughts guys https://www.youtube.com/watch?v=UUnKz0CA2O0
Nice video there, buddy.

Been there, done that and I have to say there is always 50% chance of continuing in the same direction and then you will lose to your 15 pips SL. But overall it's okay to risk 15 pips for the probability of winning 40 pips.

Here is something that I do on NPF and other big events.

30 seconds before the release, I place two identical positions in opposite directions. Some time after the release I stop the winning trade and leave the losing one running. At this point I already have a juicy profit and I can now deal with the losing trade by adding more positions or simply wait until it comes back.
I use to place a 100$ per pip, which gives me $4000 profit for 40 pips spike in no time. This is money which allows me to deal easier with the losing trade. Eventually the losing one recovers and I get at least a double profit, if not more.
Easy isn't it!

That is only a suggestion which gives me consistent profits on news releases. Don't do that if you don't feel comfortable with it.

Good luck

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,119,102
  • Jun 24, 2017 5:04am Jun 24, 2017 5:04am
Quoting Ken A
{quote} And 1.12086 is 1 pip above the Mid 50% There's a reason it's called the golden ratio {image}
Ken, if a zone is violated, price has gone through it and obviously it is not a fresh zone, do you still consider it as a level. there is á chance that it is not clear what i am asking.
  • #1,119,103
  • Jun 24, 2017 5:15am Jun 24, 2017 5:15am
Don't do that if you don't feel comfortable with it. Good luck Cheers[/quote]
So just to get clarity. That 4000 is not your profit becuz u have a position in - 4000 right. Now if that 40 pips reverses and loss becomes 0 then u have a 4000 profit. What happens if its a runner and drops 200 pips. You have 4k unrealized profit and -20000 loss net -16000 . How do u manage this situation..??
Another way to do this is: look at your charts get a feel of the fundamentals risk 50 $ per pip and put a 20 pip sl. If u r right u r right if not your loss is 1000 which a trader can make in the same hour. Remember the golden rule, always wait for 15 minutes after major data to understand the direction☺.
  • #1,119,104
  • Jun 24, 2017 5:27am Jun 24, 2017 5:27am
Quoting Ken A
{quote} It's a broad question, can you narrow it down with example from the image append to that post you quoted?
Ok sure, on TA basis only. If price drops to 1140 and reverses will u consider a short around 117x...?
  • #1,119,105
  • Jun 24, 2017 6:07am Jun 24, 2017 6:07am
Quoting micho
https://www.youtube.com/watch?v=FTXLhEk3J8E remembering roger moore
More like remembering Sheena Easton...
  • #1,119,106
  • Jun 24, 2017 6:08am Jun 24, 2017 6:08am
Quoting NotAtrader
{quote} Nice video there, buddy. Been there, done that and I have to say there is always 50% chance of continuing in the same direction and then you will lose to your 15 pips SL. But overall it's okay to risk 15 pips for the probability of winning 40 pips. Here is something that I do on NPF and other big events. 30 seconds before the release, I place two identical positions in opposite directions. Some time after the release I stop the winning trade and leave the losing one running. At this point I already have a juicy profit and I can now deal...

woooooooooooooow never thought of doing that before!!!! Hmmm the only issue is that I don't think my broker allows me to buy and sell the same pair at the same time. So I am guessing I would need to it on USD/JPY AND EUR/USD?

You dont get double profit though as you potentially still only make 2k to 4k. The winging trade cancels out the losing trade which brings it to 0, but when the losing one recovers, that's when you could make 2k to 4k depending on how far it crawls back up.

Do you use this technique with all of your data releases?
  • #1,119,107
  • Jun 24, 2017 6:15am Jun 24, 2017 6:15am
Quoting Samson85
{quote} So I am guessing I would need to it on USD/JPY AND EUR/USD? ?
Or you could use two brokers....
  • #1,119,108
  • Jun 24, 2017 6:16am Jun 24, 2017 6:16am
Quoting NMZee
Don't do that if you don't feel comfortable with it. Good luck Cheers
So just to get clarity. That 4000 is not your profit becuz u have a position in - 4000 right. Now if that 40 pips reverses and loss becomes 0 then u have a 4000 profit. What happens if its a runner and drops 200 pips. You have 4k unrealized profit and -20000 loss net -16000 . How do u manage this situation..?? Another way to do this is: look at your charts get a feel of the fundamentals risk 50 $ per pip and put a 20 pip sl. If u r right u r right if not your loss is 1000 which a trader can make in the same hour. Remember the golden rule, always wait for 15 minutes after major data to understand the direction☺.[/quote]


See what you suggested makes it gambling though. Might as well go to the casino.

What you can also do is cancel the losing one immediately because the winning always tends to rise for a few minutes and you could still make 2k profit if not more because sometimes it can double in a minute.

Last payroll release I made 4K. If I had held on longer I would have made 8k (we're talking about 30 seconds to a minute here)
  • #1,119,109
  • Jun 24, 2017 6:17am Jun 24, 2017 6:17am
Quoting Marty087
{quote} Or you could use two brokers....

Lol true I guess I would need to use a limit order then!!
  • #1,119,110
  • Jun 24, 2017 6:24am Jun 24, 2017 6:24am
News trading, been there done that, I used to only trade 3 times a month and felt I was God's hand on earth, I had a professional ea just calling the shots, I didn't have to be in front of a computer and then what happened? My broker realised there is a term called slippage which they can use to anal me and so the analing begun, I started losing large chunks of money can't say the figures don't wanna start a pissing contest lmao

All in all I was left with a little over my capital, moral of the story if you do not have unlimited cash then news trading, by that I mean trading the spikes is not for you, the only way in my humble opinion is to open 2 trades buy and sell market orders 30 seconds before the news with a reasonable stop say 10- 15 pips TP of 30.
Read in between the price!!!
  • #1,119,111
  • Jun 24, 2017 6:32am Jun 24, 2017 6:32am
to me it was clearly a bull but not strong enough to enter before EO which was also still in the range of the previous day, when she broke the PDH, she pulled back not because of some magic level but because usd which was already oversold hit support.......I think I have mentioned into a previous post.....here bears got in bulls joined in by covering, when prices got to 1.1160 bulls got back in aware of getting wholesale prices and were able to push back to 76, here bears tried once more but failed before 60, bulls pushed finally the price up which ended the day for the bears....and traded a double bottom bull flag........
trading is simple but is simple is not easy.
  • #1,119,112
  • Jun 24, 2017 6:58am Jun 24, 2017 6:58am
Quoting calebfx
News trading, been there done that, I used to only trade 3 times a month and felt I was God's hand on earth, I had a professional ea just calling the shots, I didn't have to be in front of a computer and then what happened? My broker realised there is a term called slippage which they can use to anal me and so the analing begun, I started losing large chunks of money can't say the figures don't wanna start a pissing contest lmao All in all I was left with a little over my capital, moral of the story if you do not have unlimited cash then news trading,...
News meaning Momentum OIL /NFP/ISM/CPI/RATE (EUR: (Frankfurt) (GBP: London) (JPY: Tokyo) with more R&D there will be upgrades on the way its trade.
Attached Image (click to enlarge)
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Self discipline It is a practice
  • #1,119,113
  • Jun 24, 2017 8:29am Jun 24, 2017 8:29am
Hi All i'm new to the forum i see a lot of profesionals and also learners like me ... hope you all have green pips

1st the forcast
EUR/USD
i would buy it 1170/80 (with a SL 1160)
or
i would sell it 1250/60 (with a SL 1295)
R/R 1:1.5

2nd a question to you all
how you handle the losses during the weekend i so much want to get back and recover (i can't spot thinking of that)
  • #1,119,114
  • Jun 24, 2017 8:48am Jun 24, 2017 8:48am
Quoting Samson85
{quote} Lol true I guess I would need to use a limit order then!!
Or same broker with primary and secondary account
  • #1,119,115
  • Jun 24, 2017 9:25am Jun 24, 2017 9:25am
Quoting Ata-Turkoglu
{quote} Focus on strengthening your weaknesses.. don't fall into the pit of negativity by saying "Trading Friday is sh*t".. No no no.. Sh*t = Sh*t... and Trading on Friday = Trading on Friday......
from superstitious or negative thoughts.. that's my humble advice brother.. Have a great and productive weekend.. Stay Green
Hi pal.
Nice message
I do recognize few weaknesses.
Thanks.
But Trading on Friday is my worst day
I have proof.
Beware of robber banks (RB), bad advisors.
  • #1,119,116
  • Jun 24, 2017 9:58am Jun 24, 2017 9:58am
Quoting Samson85
{quote} woooooooooooooow never thought of doing that before "..................
.......Do you use this technique with all of your data releases?
Not necessarily. I usually invest some time to observe how the pair has been performing so far during the day. IMO trending pairs have the tendency to return after the spike, while narrow ranging pairs just jump to another level an continue to range there. This is what shapes my final decision. But again all rules have exceptions...

Good luck

Cheers
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,119,117
  • Jun 24, 2017 9:59am Jun 24, 2017 9:59am
Quoting NMZee
{quote} Ken, if a zone is violated, price has gone through it and obviously it is not a fresh zone, do you still consider it as a level. there is chance that it is not clear what i am asking.
Levels (if there really are) show different behaivour by the time, while its resistant for t day time it might be non-resistant during t night n becomes resistant again during day or many other possibilities. nothing is abs

Quoting mr.brown
{quote} Levels (if there really are) show different behaivour by the time, while its resistant for t day time it might be non-resistant during t night n becomes resistant again during day or many other possibilities. nothing is abs
one should know, banks/institutions shut their algos down during t high volatilty news hrs also effect resistancy of zone/level
WaBaS Where are Buyers and Sellers
  • #1,119,118
  • Jun 24, 2017 10:18am Jun 24, 2017 10:18am
Quoting Not-KPMG
{quote} Hi pal. Nice message I do recognize few weaknesses. Thanks. But Trading on Friday is my worst day I have proof.
good wishes wont work. for intraday/short term trader firday is t worst day. true. there could be weekend gap so flatting friday afternoon is essential or least hedging if broker lets to do so
WaBaS Where are Buyers and Sellers
  • #1,119,119
  • Jun 24, 2017 11:07am Jun 24, 2017 11:07am
Quoting micho
if we break 1.1295, EURUSD could be heading towards 1.1338 then 1.1535 like a knife through butter then from 1.1535 i will set a pending sell with stop at 1.1714 and target around 1.09 what is also interesting for me is that the plan is to see USDJPY to 112.24 at the same time EURUSD seems to be heading north. could both of them go north at the same time?
if we break 1.1298 then i plan 2 nice trades:

  1. as long as we dont touch 1.09: sell at 1.1535, stop at 1.1714 and target around 1.09
  2. as long as we dont touch 1.1535: buy with RR 2:1 stop 1.0339 and target 1.1535

When life gives you lemons, make lemonade
  • #1,119,120
  • Jun 24, 2017 11:20am Jun 24, 2017 11:20am
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