Central Banks & Big Players

yep - long on rate hike for me.

Bulltrader - you usually trade brent for crude oil? No USD/CAD ...??

Cancelled for lack of volatility.

I actually dont normally trade oil inv.. just needed a win after losing that trade (bad trading behavior I know). I traded brent as didn't expect any impact on CAD after previous news

yeah - i went long USD CAD but was also mindful of the big move on rates for it. News was for a short play on USDCAD but as no volatility waited for it to come back with the trend and got out at BE plus some change.

This morning's 2 news weren't good. All previous news for the week when pretty straight forward.

I am wondering if ALL of the black new events on your calendar are always the same. For example will all CAD Employment ALWAYS be black news? Or will ALL Employment News for ALL currencies always be black? I'm trying to come up with a list of High Impact News event's that I can ALWAYS trade regardless of currency. From what I've gathered up to this point you would recommend to stick to NFP, CAD Employment, CAD CPI, and anything with PMI, CPI, GDP or Rate. I would love to hear what you think. Thanks Tony!

OANDA was the only broker who had that 20+ pip whipsaw on the USD/CAD.
FXCM and Forex.com had 10 or 15.

I wonder if that was a set up for you and those of us who follow your 18 pip SL method?

Today ECB red news
What pairs see ,EJ?

tic toc

closed for -8 didn't really move fast there in farst few secs so just closed manully

I was itching to short with the fast move up

Balls. Sold, got some nice profit. Shifted to +1 BE and hit the SL. Then it goes off ha. booo

Went long. Got stopped out -18.
No complaints.

Going long UJ at 1:30

Also went long and closed manually for -12 pips. Went short and regained 11pips - so BE for me.

I guess with rate statement it might be best to just exit immediately if there is no sudden move and you've set up for a shock rate move (like CAD last month) - no immediate movement means no rate change. It hovered around BE - 2 pips for a good 20 seconds - easily enough time to close out... Will look to do this in future for rate statements.

I find it too risky to go against the likely chance or a rate move - so I wouldn't have gone short.

I was in the CAD last month with a short USD CAD position on that surprise rate move (not a news trade)- made 237 pips in less than 5 seconds. A friend was long and go slipped about 80 pips.... better to be with the chance side.

I'm not nimble fingered enough to mess with it. I just let it do what it does.
I think it'll work out about the same in the long run.
I'm using OANDA's MT4. I would like to have MT5 one click so I could set the SL at 18 automatically without calculating it.
OANDA doesn't offer MT5, as far as I know.

Well Im in not really doing anything so going to close couple pips

massive 3 pips profit

I use an Auto Stop Loss and TP generator EA for MT4 - set it on any pair and it will work on all of them. Get it at the MQL5 purchase site for MT4 EA's

Makes it simple - then I can grab the SL on screen and move it at will.

Really if there is not a clean move immediately - I am thinking its worth just minimizing the loss and get out as close to BE as possible and move on to the next trade... (I don't trade any of the speeches as they often whipsaw or can be significantly delayed in there movement). This approach will also help offset some of the slippage on a trades that go against me.

Hope everyone makes a killing on US GDP tomorrow - I am away - so catch you all Monday.