News trading discussion - continuation

Nice chart! By the way, what are the trading indicators in your chart?

Great weekend to everyone.

Nice tread, vvFish, can i know what ea you used

txs

market order

Thoughts on "smart traders"

LAST WEEK, NEGOTIATIONS ON BREXIT ADVANCED. THE MARKET IGNORES THE DATA OF NON-FARM PAYROLLS.

“Pound” reached a breakthrough in negotiations on Brexit, which was also expressed in the breakthrough of its quotes. But much work remains to be done ahead: new trade agreements between Britain and the EU are on the horizon. Key British indicators of the week are published in a neutral way:
UK Markit Services PMI 53.8 (-1.2) 55
UK PMI Construction 53.1 (2.1) 51
UK Manufacturing Production [m/m] 0.1% 0.1 %
The Eurozone is still getting hung up on the policy of Germany, which on Thursday took a step closer to resolving the political crisis after the country's largest opposition party supported the start of negotiations with the Conservative Party headed by Merkel regarding the formation of the future government.
Bank of Canada did not justify the mood of the market. The Canadian dollar fell on Wednesday after the announcement of the Bank of Canada, which was cautious. Despite the recent improvement in economic data, the regulator maintains a neutral position and tempered expectations of an interest rate increase at the start of the new year.
CA BOC Interest Rate 1% 1 %
All the volatility that you could observe came from accompanying CA BOC Rate Statement minutes.
Tax reform on the march in the USA. Recently, the US dollar is growing amid hopes that the tax reform can acquire the form of law by the end of this year; before the Senate of the US Congress passed a tax reform bill on Saturday.
US ISM Non-Manufacturing PMI 57.4 (-1.6) 59
Nonfarm as always showed their teeth, the market completely ignored the NFP data in favor of the increase in wages.
US Average Hourly Earnings [y/y] 2.5% (-0.2%)
US Average Weekly Hours 34.5 (0.1)

US Average Hourly Earnings [m/m] 0.2% (-0.1%)
US Nonfarm Payrolls 228 (+33) 195

THE LAST FOMC MEETING OF THE US FEDERAL RESERVE THIS YEAR

The main event of the next week (and December as a whole) will be the last meeting of the FOMC this year. As expected, the Fed's interest rate will be raised for the third time in a year, and the chances for an increase are already taken into account in the quotations of the market by 100%. For example, the indicator of futures sentiment from the CME Group confidently holds a 90% chance of raising the rate to 1.5%

From December 11 to December 22, a pre-Christmas marathon for the publication of important indicators of key trading pairs will be held. This means only one thing - we are faced with a dense series of trading signals, as all important events are shifted to the first half of December for understandable reasons.
Trade Signals Calendar can always be found on the website.
Already on Monday, the exotic publication of Norwegian inflation, NO Core Inflation, will be released, read the description of the indicator on its page, and understand the spread.
On Tuesday, the inflationary marathon will be supported by Sweden and the United Kingdom: SE CPI and UK CPI
On Wednesday, all attention will be paid to the level of British salaries in the labor market data publication package: UK Average Earnings. On the same day, later, a core key consumer price indicator US CPI will be published. It should be recalled that this indicator is the only indicator that the Fed is now having questions about (the market's attention to it is exacerbated). Actually, we will hear comments on this matter from Janet Yellen herself in the evening, when the FOMC meeting will be concluded.
What will happen at the Fed meeting on Wednesday, what to expect? Absolutely nothing, if you are counting on a move due to the fact that the rate will be raised. There is no point; the market has long been digesting all this. The fact, which is equal to the forecast, is not interesting to anyone. It will be interesting to try to answer the classical question, what will follow next, how many increases will be in 2018, will they be, what mood does Jannet Yellen have on the eve of the end of her powers, how the Fed sees the inflation perspectives, how the Fed assesses the perspectives for tax reform from the Trump administration... All attention to rhetoric.
On Thursday, the Australian labor market indicator with the nuances of the release of AU Employment Change - its publication on its personal page should be feared. The market will carefully consider these figures because the Reserve Bank of Australia previously focused on it (sales as a result of the deviation of the fact of the news below the forecast may be especially interesting).
On Thursday, the Bank of Norway will hold a meeting and decide on the rates: NO Norges Bank Interest Rate, and the United Kingdom refreshes UK Retail Sales data (do not miss this indicator). Then, the meeting will be held by the Bank of England. At the previous meeting, the Bank increased its interest rate to 0.5% (+ 0.25%). Of course, the changes are certainly not expected, but look very closely at the text minutes and the voting structure “for/against”, these data can bring additional volatility.
Again on Thursday: after the ECB meeting, Mario Draghi will hold a press conference. Moreover, at the same time, important data of American retailers will be published: US Retail Sales [m/m]
As you can see, the schedule is rather dense and requires your attention.

can i have it, and can i know what broker doyou trade in , sory if i ask this one, because there is many broker have big slippage, and what i feel until now i used 4 different broker there alway have big slippage

thank

What orders do you use for trading (stop order, limit)?

He will never answer your question about his broker. He keeps saying most brokers are good, when in fact most are not good and have huge slippage. If they don't have huge slippage they will have giant spreads during the news.

Why he won't say is beyond me, there is no reason why he keeps it a secret. The only reason he won't tell is that it would quickly prove all of his trades he has posted are on a demo account. An ECN broker has the biggest slippage and a market maker broker that will honor your trade entry or stop loss during big news have huge spreads at that time.

If this was legit he would share his broker, there is no sane reason for not telling all of his followers. Yes vvfish, now you can block me now like you have done everyone who has called you out on your mystery indicator and nonexistant live broker.

maybe your opinion is true, I've tried with a different broker but when i am trading new, it always slippage, but i am still curious , there are any trader success by trading news, if they are exist i want to try n learn

The deal on the news should be opened with a market order, before the news in two or three seconds, then you will not have slippage.
And spread expansion is done by all brokers, but this does not affect the deal if
you do not put a close stop.

This is called a broker scam.

getting ready for this weeks news GL traders
CPI y/y|GBP|GBPUSD|
Core CPI m/m|USD|EURUSD|
Crude Oil Inventories|USD|USDCAD|
Federal Funds Rate|USD|EURUSD|
Employment Change|AUD|AUDUSD|
Libor Rate|CHF|USDCHF|
Official Bank Rate|GBP|GBPUSD|
Minimum Bid Rate|EUR|EURUSD|
Core Retail Sales m/m|USD|EURUSD|

How is it going with InstaForex?

http://www.forexpeacearmy.com/forex-...instaforex.com

Well give us a couple of names of decent broker. What's the problem with that?

I LOVE PEPPERSTONE, also trying out XM at the moment INSTA well if small pocket money ok. Just using insta due to the high affiliate comm. anything below 2k for insta lol

That straddle system?, what i dint know is how to decide buy/sell before news coming, how u can decide buy /sell before news?, n can u give me wheel barrel trailing

i agree with u , vvfish can give us top five broker n we can try n choose one