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  • #15,801
  • Mar 6, 2018 4:13pm Mar 6, 2018 4:13pm
guys
Do not trade AUD NZD news Because market makers consider it a trap
USD or CAD news is the best
  • #15,802
  • Mar 6, 2018 11:53pm Mar 6, 2018 11:53pm
Looking around at new brokers anyone have any experience with InteractiveBrokers?
  • #15,803
  • Mar 7, 2018 5:12am Mar 7, 2018 5:12am
USD, CAD, some cable news, and oil. Seem to be the best to trade currently.

I also trade news releases for AUD and NZD with the long term trend - but use bigger stops and looking for a boost into the trade off of the news result. With a bigger stop and a reasonable trend even if price action moves against this it often comes back into line with the overall trend and I can leave it to run.

Even better - if the trades goes with the trend and I am inline with it then it usually powers along for a good chunk of the pips I am after and I can leave it to do its thing with a good start to the trade.
  • #15,804
  • Mar 7, 2018 6:01am Mar 7, 2018 6:01am
Quoting JTexclusive
Looking around at new brokers anyone have any experience with InteractiveBrokers?
I did ten or twelve years ago when every broker had big stops.
They were OK. I don't know anything about them now.
  • #15,805
  • Mar 7, 2018 8:28am Mar 7, 2018 8:28am
Quoting timmy
USD, CAD, some cable news, and oil. Seem to be the best to trade currently. I also trade news releases for AUD and NZD with the long term trend - but use bigger stops and looking for a boost into the trade off of the news result. With a bigger stop and a reasonable trend even if price action moves against this it often comes back into line with the overall trend and I can leave it to run. Even better - if the trades goes with the trend and I am inline with it then it usually powers along for a good chunk of the pips I am after and I can leave it...
Good
You know what to do
  • #15,806
  • Mar 7, 2018 9:16am Mar 7, 2018 9:16am
Cad interest rate: whipsaw and bullsh*t
Invest in alarm clocks
  • #15,807
  • Mar 7, 2018 10:06am Mar 7, 2018 10:06am
PERFECT INTEREST RATE CRAP
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Invest in alarm clocks
  • #15,808
  • Mar 7, 2018 11:08am Mar 7, 2018 11:08am
Did you gamble in this one? Is not listed in the tradable news of the system.
  • #15,809
  • Mar 7, 2018 11:17am Mar 7, 2018 11:17am
Quoting jonander50
Did you gamble in this one? Is not listed in the tradable news of the system.

Yes. I "spared*" you guys by not listing this news.
*to prevent someone from experiencing an unpleasant, painful, or embarrassing situation or feeling

When it comes to me, I have no pitty. I auto-destroy myself on a daily basis.

Except:
-I didn't let the trade run all day (and margin my account)
-I didn't trade a lot of lots. Lost about 600$ in total

Gonna go get a little glass of wine
Invest in alarm clocks
  • #15,810
  • Mar 8, 2018 3:00pm Mar 8, 2018 3:00pm
What do you think about tomorrows CAD unemployment rate? could be a tradable news event?
"Money is made by sitting, not trading." Jesse Livermore
  • #15,811
  • Mar 8, 2018 4:27pm Mar 8, 2018 4:27pm
Quoting Milo-21
What do you think about tomorrows CAD unemployment rate? could be a tradable news event?
CAD used to be good news to trade.
I stayed out of the last one because they widened the spread (OANDA).
  • #15,812
  • Mar 8, 2018 9:27pm Mar 8, 2018 9:27pm
Tomorrow I'm putting 1 trade usd/cad. Don't know what direction.

Spread might be from 15 to 20 pips so it's important to enter before news.
Invest in alarm clocks
  • #15,813
  • Mar 9, 2018 2:27am Mar 9, 2018 2:27am
Quoting Zen_Leow
Hi all, I've considered Toothman's request and it makes sense. Most importantly, it doesn't distort the strategy. so here it is. This new version should allow those affected by commission brokers to raise the BE level accordingly. I also did a little clean up to make the BE movement codes a little more logical (easier for me to read in future). Inputs added CommissionPips (default: 1) CommissionPips is how much additional move you want the stop loss to go in order to reach your "True Break Even Point". The stop loss level will still move pip by...


hey man, ive tried using the EA on Mt4 and its not working. I can't seem to attach it to the chart
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  • #15,814
  • Mar 9, 2018 3:01am Mar 9, 2018 3:01am
To billbss
Ok thanks. I will check spread on my broker - Purple-trading. But it should be lower. I will tell you then.
"Money is made by sitting, not trading." Jesse Livermore
  • #15,815
  • Mar 9, 2018 7:34am Mar 9, 2018 7:34am
The spread on USDCAD was 1,5-2 pips 1min before the news. During news it was around 5pips. After 2 mins it was back in normal. Tested on live account.
"Money is made by sitting, not trading." Jesse Livermore
  • #15,816
  • Mar 9, 2018 7:35am Mar 9, 2018 7:35am
I would have gone long on USDCAD.
I saw the spread widen to about 10 or 12 a few seconds before news and I didn't pull the trigger.
Saved myself a loss.
I'm not sure there is a safe news pair left on OANDA
  • #15,817
  • Mar 9, 2018 4:23pm Mar 9, 2018 4:23pm
Quoting billbss
I would have gone long on USDCAD. I saw the spread widen to about 10 or 12 a few seconds before news and I didn't pull the trigger. Saved myself a loss. I'm not sure there is a safe news pair left on OANDA
Not OANDA
Today NFP was better than forecast, but USD went short. Flip only
Just an opinion. Based on research
  • #15,818
  • Mar 9, 2018 5:09pm Mar 9, 2018 5:09pm
Quoting since80808
{quote} Not OANDA Today NFP was better than forecast, but USD went short. Flip only
I'm proud of people that understand FLIP. Way to go my friend... you're on the right path.
Invest in alarm clocks
  • #15,819
  • Mar 9, 2018 5:11pm Mar 9, 2018 5:11pm
Quoting billbss
I would have gone long on USDCAD. I saw the spread widen to about 10 or 12 a few seconds before news and I didn't pull the trigger. Saved myself a loss. I'm not sure there is a safe news pair left on OANDA

Bill, you have to understand that if you enter the news before it comes out, you will pay half of the spread only. It doesn't matter even with a 20 pip spread.

NFP ranges hundreds of pips!

A short coin flip would have made you rich
Invest in alarm clocks
  • #15,820
  • Mar 10, 2018 11:21am Mar 10, 2018 11:21am
Quoting Tony112
{quote} Bill, you have to understand that if you enter the news before it comes out, you will pay half of the spread only. It doesn't matter even with a 20 pip spread. NFP ranges hundreds of pips! A short coin flip would have made you rich
Tony do you ever trade anything but news? I've been trying to trade throughout the week for anticipated news such as the FOMC coming up in two weeks..... should be trending up all week in anticipation of a increased rate hike! Whatcha think? I also auto destroy myself on all events I got whipsawed on the EURO rate decision this week but if I had treated it as 2 separate events. 1 being the rate decision and initial statement set my TP and 63% of the highest pop count allowing for a 37% retracement and then another order going short once we got back to 0 signifying that the market had either rejected the news or additional news that changed the original perception had came out.... not sure if you understand what I'm saying but it would've been very profitable pending a good system for maximizing profits in sure if we all work together with pst experience we can put together a good system!
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