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News trading discussion - continuation

Quoting asianthekev
GBP CPI, M5 Chart {image} experienced terminal freeze at the very last few seconds
But still quite a bit of gains, all added up!
Quoting RisingSun
{quote} But still quite a bit of gains, all added up!

Yes still glad its all in profits.
Quoting RisingSun
{quote} I see. It would be nice, if you tell us exactly how you did, with pictures and range s/r drawn on chart, how it is drawn, etc.


i use 2 charts for each pair , i place easy order on the 2 charts buy stop and sell stop set my ENTRY (yellow line) SL (red line) AND TP (blue line)

look for the small range for support and resistance + spread

wait few 5 sec before release and place them.

i see i had slippage over 12 pips testing this new broker dont know witch one is the best for not to much slippage i think its okay or not ?
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Quoting vvFish
{quote} {image}
Maybe this would be useful.
Attached Image (click to enlarge)
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Let it turn and find your entry.
Quoting vvFish
{image}
Just thinking.
Attached Image (click to enlarge)
Click to Enlarge Name: MATRIX VCS.png Size: 70 KB
Let it turn and find your entry.
Quoting dorst
{quote} i use 2 charts for each pair , i place easy order on the 2 charts buy stop and sell stop set my ENTRY (yellow line) SL (red line) AND TP (blue line) look for the small range for support and resistance + spread wait few 5 sec before release and place them. i see i had slippage over 12 pips testing this new broker dont know witch one is the best for not to much slippage i think its okay or not ? {image}
Thanks dorst for the charts and explanations. Where can I find EasyOrder? Can you upload it here?
Quoting Intrepidpips
{quote} Just thinking. {image}
Looks interesting. Can you upload the indicator? and perhaps template? Thanks,
RS
Quoting RisingSun
{quote} Thanks dorst for the charts and explanations. Where can I find EasyOrder? Can you upload it here?

its a script its from FF thread you have them also in stealt modus dont know it would make any difference
: https://www.forexfactory.com/showthread.php?t=281772
Quoting RisingSun
{quote} Looks interesting. Can you upload the indicator? and perhaps template? Thanks, RS
Here you go, let me know your thoughts.
Attached File(s)
File Type: ex4 Matrix VCS.ex4   8 KB | 163 downloads
File Type: tpl M1 NEWS.tpl   12 KB | 156 downloads
Let it turn and find your entry.
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Only the price on the chart can show the entrance to the deal...
Quoting Intrepidpips
{quote} Just thinking. {image}
Hi bro, can you also share the indicator on your lower left chart? the one with broker time and market opens? thank you
Quoting ch33sewiz
{quote} Hi bro, can you also share the indicator on your lower left chart? the one with broker time and market opens? thank you

Head on here and choose your best fit.

https://www.forexfactory.com/showthread.php?t=109305
Let it turn and find your entry.
Quoting Intrepidpips
{quote} Here you go, let me know your thoughts. {file} {file}
Thanks Intrepidpips for the indi/temp.

Attached is a screenshot for NZ cpi news (left) and for UK cpi news (right).

For the NZ news, Matrix VCS doesn't match with the news direction, while for the UK news, the indicator does match and can be relied upon. We will definitely need a SL if we trade solely with the indicator.

A thought occurred that a M1 candle pattern analysis (circled) can be helpful.

asianthekev might be willing to throw in his thoughts.
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Quoting Intrepidpips
{quote} Here you go, let me know your thoughts. {file} {file}
As this indicator is relatively new to me, will need to observe the ndicator and compare with a couple of news events before any judgment.

@risingsun Yes, the UK CPI seems right. So we're now at 50/50. Shall see how it works during Friday's CAD CPI event.
Quoting asianthekev
{quote} As this indicator is relatively new to me, will need to observe the ndicator and compare with a couple of news events before any judgment. @risingsun Yes, the UK CPI seems right. So we're now at 50/50. Shall see how it works during Friday's CAD CPI event.
Agreed.
Quoting asianthekev
{quote} As this indicator is relatively new to me, will need to observe the ndicator and compare with a couple of news events before any judgment. @risingsun Yes, the UK CPI seems right. So we're now at 50/50. Shall see how it works during Friday's CAD CPI event.


there is nothin new on this indicator its just another shape from parabolic and will have no use for news trading.

for example this could be more intresting to find out what it is and have effect on the news , go to the first page of the thread its about instititions and banks just pump minute before the news come in money so you nee to try measure that activity

https://www.mql5.com/en/market/product/2723
Hello Guys, Hope every one is ok and having a great trading week.

I need help reading the news impact if anyone can be so kind to please help me understand this I will honestly appreciate.



I've attached an image below about the AUD news coming up tonight at 9:30 pm.
For what I've learned the higher the unemployment rate the the worst for the currency.

Where I am confused is: Actual < Forecast = Good For Currency

I am assuming this is showing that IF the Actual is less than the forecast it WILL be good for the currency.

I am to sure if my assumption is accurate.

please post your opinions guys i'll appreciate.

- Thank you in advance
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Quoting dorst
{quote} there is nothin new on this indicator its just another shape from parabolic and will have no use for news trading. for example this could be more intresting to find out what it is and have effect on the news , go to the first page of the thread its about instititions and banks just pump minute before the news come in money so you nee to try measure that activity https://www.mql5.com/en/market/product/2723
Yes i do know about that, i have my own method for observing big banks pumping in their money minutes before news release.
Quoting Ralph0501
Hello Guys, Hope every one is ok and having a great trading week. I need help reading the news impact if anyone can be so kind to please help me understand this I will honestly appreciate. I've attached an image below about the AUD news coming up tonight at 9:30 pm. For what I've learned the higher the unemployment rate the the worst for the currency. Where I am confused is: Actual < Forecast = Good For Currency I am assuming this is showing that IF the Actual is less than the forecast it WILL be good for the currency. I am to sure if my assumption...
If higher than the forecast, then in the buy
If below the forecast, then in sell
It does not relate to oil and gas, there everything is vice versa.
Only the price on the chart can show the entrance to the deal...
@Ralph0501

summarized version would be @vvFish post

Yes, the website stated correctly:
Actual < Forecast = Good for currency.

You must read the title of the news slowly.
Tmr @ 9:30pm there will be 2 AUD news. (employment change and unemployment rate.)

Employment change:
Take it this way. For a currency to rise at such news, Emplyment change must be > Forecast.
Which means that more jobs are added than expected.

Unemployment rate:
for a currency to rise, this news needs to be lower than forecast as with lower UNEMPLOYMENT rate, the more people are employed. If it is the other way round, currency will drop.

As fundamental traders, the best case scenario for us:
employment chg (eg. 12k vs 10k forecast)
unemployment rate (eg 4.5% vs 4.6% forecast)
in such a situation, the currency will rise.
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