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Central Banks & Big Players

  • #15,241
  • Oct 16, 2017 3:17am Oct 16, 2017 3:17am
Quoting Ddam
Hi, Tony. First of all, thanks for your generous sharing of this strategy and I believe in this strategy. But there is something I don't understand so I have few questions about the strategy. 1.How do we define a successful trade? Sometimes, the price will move at a faster pace instead of an instant spike after the news released. 2.Once we got a successful trade, are we going to let it run to 150pips and close at the latest stop loss if the price goes down? 3.How do we select the best currencies pair to trade? Since the news could affect the one...

Welcome
-A successful news is defined by a long candle, no reversals to initial price, no whipsaws and with continuation.
-Once in a successful news, I suggest you let it run to at least 80 pips
-Select the most popular pairs with the less spread
-Unscheduled news can happen any time. Open your eyes. The virus system used to track those on the 5 second chart. Nothing has changed.
-You don't really have to read the whole 800 pages but you can if you wanna have fun.

Hope you can make it. Good luck.
Invest in alarm clocks
  • #15,242
  • Oct 16, 2017 3:27am Oct 16, 2017 3:27am
Black news: trade before news, SL 16
Pink news: trade during news, SL 10

Good luck.
Attached Image (click to enlarge)
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Invest in alarm clocks
  • #15,243
  • Oct 19, 2017 2:32am Oct 19, 2017 2:32am
Hi All

I have been doing this for the last couple months - Demo - and its been working great. My one tip is to always go against the expected result, as you seem to get a bigger reaction. For example this mornings GBP retail sales expected to be worse, so I'm going to go long cable.

Cheers bull
  • #15,244
  • Oct 19, 2017 2:44am Oct 19, 2017 2:44am
when there are pink news we should trading it during news? i didn't know it! Can you upload the first post with all new tips?
  • #15,245
  • Oct 19, 2017 3:24am Oct 19, 2017 3:24am
Quoting bulltrader13
Hi All I have been doing this for the last couple months - Demo - and its been working great. My one tip is to always go against the expected result, as you seem to get a bigger reaction. For example this mornings GBP retail sales expected to be worse, so I'm going to go long cable. Cheers bull
hi bull, do you trade on Oanda? Or other broker?
  • #15,246
  • Oct 19, 2017 3:28am Oct 19, 2017 3:28am
Quoting Joseph95
{quote} hi bull, do you trade on Oanda? Or other broker?
I use IG
  • #15,247
  • Oct 19, 2017 3:31am Oct 19, 2017 3:31am
went against me there.. normally prefer a move in the opposite direction prior to the news so if we going long then the 5 minute candle (9:25) is red.
  • #15,248
  • Oct 19, 2017 11:15am Oct 19, 2017 11:15am
Do You trade on 5 sec chart?
Quoting bulltrader13
{quote} I use IG
  • #15,249
  • Oct 19, 2017 11:25am Oct 19, 2017 11:25am
Quoting Joseph95
Do You trade on 5 sec chart? {quote}
yes
  • #15,250
  • Oct 19, 2017 11:29am Oct 19, 2017 11:29am
Would of worked well with the AUD news last night but no way I'm getting up for that. Red candle prior and expected results were supposed to be bad for AUD (so you look to long)
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  • #15,251
  • Oct 20, 2017 2:37am Oct 20, 2017 2:37am
Morning hoping to long the UCAD today
  • #15,252
  • Oct 20, 2017 7:31am Oct 20, 2017 7:31am
Smashed it - caught long of the initial drop - obviously demo
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  • #15,253
  • Oct 20, 2017 9:33am Oct 20, 2017 9:33am
EPIC CPI. Over here we're celebrating over 75,000$ of profit this morning
Invest in alarm clocks
  • #15,254
  • Oct 20, 2017 9:48am Oct 20, 2017 9:48am
Quoting Joseph95
Do You trade on 5 sec chart? {quote}
Hey Joseph sorry misread your post - I use 5 min chart dont have access to a 5 sec
  • #15,255
  • Oct 20, 2017 10:19am Oct 20, 2017 10:19am
Nothing now for me till Wednesday
  • #15,256
  • Oct 20, 2017 10:31am Oct 20, 2017 10:31am
Quoting bulltrader13
Nothing now for me till Wednesday
You're on your way to success! See you on top.
Invest in alarm clocks
  • #15,257
  • Oct 21, 2017 3:55am Oct 21, 2017 3:55am
Hello Bull :-) In this case do you follow the same rules of Tony? Or you changed something? Like Sl for example.

is it better if you trade the one min chart don't you think? It's the nearest of a 5 sec chart.. Why 5 min?
Quoting bulltrader13
{quote} Hey Joseph sorry misread your post - I use 5 min chart dont have access to a 5 sec
  • #15,258
  • Oct 21, 2017 3:57am Oct 21, 2017 3:57am
I have a (maybe stupid) question:

Let's suppose we have an important news on EUR.

Which pair we will choose to trade? Eurusd? Eurcad? Eurjpy?

and why?
  • #15,259
  • Oct 21, 2017 4:50am Oct 21, 2017 4:50am
Quoting Tony112
EPIC CPI. Over here we're celebrating over 75,000$ of profit this morning
Hi Tony,
Help me out on this.
Which pair did u trade and why?
Where did u take profit and why?
Thank you.
  • #15,260
  • Oct 21, 2017 10:30am Oct 21, 2017 10:30am
Quoting Tony112
{quote} You're on your way to success! See you on top.
Tony, if you could update the first post with all Your knowledge about this trading approach accumulated in 10 years, i' ll be very glad and i'm sure other members too. Actually you can see there are a lot of questions about this strategy: Sign that the first post is "incomplete" or poor of infomations for trade it just "armed" with the image in the first post. If you could update it with something Like FAQ or just what you learned it would be great
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