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Lets Trade The News V 0.2 !

  • #21
  • Sep 19, 2006 6:51am Sep 19, 2006 6:51am
USD Housing Starts !
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Charting Markets into the Future...MǎҖ€¥.
  • #22
  • Sep 19, 2006 7:13am Sep 19, 2006 7:13am
The report is great and really useful ... I have a question for anybody doing straddle trades at news release times with Oanda ... the spead widens right up so when you talk about a +10 / -10 straddle are you meaning then you got -10 off the bid and +10 off the offer (a 30 pip dofference with a 10 pip spread)

thanks for any feedback
  • #23
  • Sep 19, 2006 7:42am Sep 19, 2006 7:42am
AVG move was around 40-50

Staddle +10 -10 BUT IBFX Widen the spread up to 14 pip :surprised

EXIT WITH : +11 !
Charting Markets into the Future...MǎҖ€¥.
  • #24
  • Sep 21, 2006 6:37am Sep 21, 2006 6:37am
CAD Retail Sales
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Charting Markets into the Future...MǎҖ€¥.
  • #25
  • Sep 21, 2006 6:54am Sep 21, 2006 6:54am
Hi there

Setting up for the CAD Retail sales... Does anyone recommend a SL which will avoiod being stopped out immediately on this one?. I have it set at 10... but if IBFX widen the spread to, say, 14, will this automatically stop me out on execution of the order? (I am using a -10 + 10 straddle)

Confused in the UK
  • #26
  • Sep 21, 2006 6:59am Sep 21, 2006 6:59am
CAD Retail Sales : in old charts Usually No whipsaws Clean Move !
Gonna Staddle +5/-5 SL: -10

Dont know how many pips IBFX gonna widen !
Charting Markets into the Future...MǎҖ€¥.
  • #27
  • Sep 21, 2006 7:04am Sep 21, 2006 7:04am
I'll try this report too... just watch the spread I guess! (I got stopped out last night on the NZ news because of my sl 10. Lost out one a big one)
  • #28
  • Sep 21, 2006 7:04am Sep 21, 2006 7:04am
If you are using IBFX, better to stay away.

The current widening of the spread is too much to straddle the news.
Its very easy to get filled and kicked at the same time. Setting the SL to 15, who knows? they might widen it to 15 for you...

too dangerous using IBFX...
  • #29
  • Edited 7:37am Sep 21, 2006 7:12am | Edited 7:37am
Yea.. IBFX Became Crazy about widen the spread even at Minor news !

If we Traded CAD Retail Sales with IBFX The release Number must be Above 0.5% or below -0.2% To MAKE PROFIT (Good spike)

OR we can Burned !

IBFX didn't Widen, EXIT WITH : 0
Charting Markets into the Future...MǎҖ€¥.
  • #30
  • Sep 21, 2006 7:13am Sep 21, 2006 7:13am
Quoting BurgerKing
If you are using IBFX, better to stay away.

The current widening of the spread is too much to straddle the news.
Its very easy to get filled and kicked at the same time. Setting the SL to 15, who knows? they might widen it to 15 for you...

too dangerous using IBFX...
Hi burgerking

So what broker do you recommend to staddle the news, what broker do you use, thanks in advance.

BTW, I saw you had a website that you post historical charts there, but i cant see it anymorw, would you please tell me the website name here, thank you again.

regards
mohsen
  • #31
  • Sep 21, 2006 7:35am Sep 21, 2006 7:35am
Oh well a 'Dud', however IBFX kept the spread at 4... is it a coincidence that they raise their spreads before the news that causes a big move? (ie... they did not expect a big move today, so left it alone? Hmmm I smell a rat
  • #32
  • Sep 21, 2006 8:31am Sep 21, 2006 8:31am
hey I found this site... anyone have joined this? ... i wonder what kind of system they use to trade news?

http://www.winningtradersassociation.com/

ANYONE
Charting Markets into the Future...MǎҖ€¥.
  • #33
  • Sep 21, 2006 8:53am Sep 21, 2006 8:53am
I am a member. Although I have learned some things, and met some GREAT folks, they promote software EAs that are faulty, and expensive! I can give you all the detail if you want, maybe by PM, and not sidetrack this thread.

Basically they straddle news with a $300 straddle EA... (wha? can get for free to $35 that does more, and actully works!!) They also have a hedging strategy using FX options, and a mini-lot bot that continually buys & sells...

Thats' the long and short....
  • #34
  • Sep 21, 2006 10:35am Sep 21, 2006 10:35am
They also emailed me a sign in number and password for one of their members IBFX live accounts to see this 'Checkmate' EA in action for real.. Haven't had time to look too closely yet, but if anyone is interested in having a look I can dig out the link.. and post on here or by PM?

Looks to be making the guy decent profits.. But got to be sceptical as always!
  • #35
  • Sep 21, 2006 11:01pm Sep 21, 2006 11:01pm
Hi,

Does thier straddling works better.....or do we have any other EA's for trading news.....

I looked into their account....too much ups and down......have to have atleast 5k in long run....

--Aakif
  • #36
  • Sep 22, 2006 3:49pm Sep 22, 2006 3:49pm
Quoting mrkam
I am a member. Although I have learned some things, and met some GREAT folks, they promote software EAs that are faulty, and expensive! I can give you all the detail if you want, maybe by PM, and not sidetrack this thread.

Basically they straddle news with a $300 straddle EA... (wha? can get for free to $35 that does more, and actully works!!) They also have a hedging strategy using FX options, and a mini-lot bot that continually buys & sells...

Thats' the long and short....
I sent a PM.

Hoping for your could reply.
  • #37
  • Sep 22, 2006 5:13pm Sep 22, 2006 5:13pm
I have been getting emails from two that trade strictly news. You can go to www.Forexbastards.com AND www.forexmastermaker.com

Tom
  • #38
  • Sep 22, 2006 5:53pm Sep 22, 2006 5:53pm
interesting... forexmastermaker recommends One World Capital as broker?

Wonder anyone have experience with them?
  • #39
  • Sep 22, 2006 5:59pm Sep 22, 2006 5:59pm
Have not heard of the broker forexmastermaker uses but I do know from getting his daily reports of trading the news he has not mentioned slipping or fill problems. Forexbastards has had some issues lately.
  • #40
  • Sep 22, 2006 6:05pm Sep 22, 2006 6:05pm
Quoting tomhen
Have not heard of the broker forexmastermaker uses but I do know from getting his daily reports of trading the news he has not mentioned slipping or fill problems. Forexbastards has had some issues lately.
perhaps, that is because forexmastermaker is an Introducing Broker. Surely they will recommend it 100% and have you signup under them. When you do so, they get commissions per trade we made. Thats how these IBs work: all praise and then use a different "secret' broker for themselves to trade.
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