Lets Trade The News V 0.2 !

Quoting Warren Forex

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This morning is a good example. Before the IFO number is released there is a recent tendency for rumors to preceed it. These rumors usually tend to be tilted towards a very bad number. This morning's number came in at 104.9 much better than the perception based on recent bad ZEW numbers and only .1 off the 105.0 expected.

However after a small spike up to EUR/USD 1.2758 the immediate reversal to 1.2729 and then since TA numbers get affected it hit a low of 1.2710 before mild recovery.

Was there a form of intervention ... The Dollar Index is at a critical area ...

How can this situation be traded or how do you see this reverse action to the data.

I have been trading FX since March 2006. I operate as a CTA and presently have $75,000 US Dollars under management. I am a FX trader who uses the news but I have a stong understanding of the economy so I tend to be very firm in my longer term view of the Euro. I also trade with the main trend. It is nice to join this Forex Forum.

Thank you for your comments.

BWM

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Quoting Bemac

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I sent this Mod to Max before posting here.

The Added Sheet [Ver_0.3.1] contains all of the Mods. The remainder of the document is unchanged.

Mods:
"Avg.Move"
Formatted column so that you just enter Number of pips. The Text "Pips" will show up automaticly.
This will allow to Sort the sheet based on the "Avg. Move".

"Rating Column"
Re Coded to Auto Rate depending on Avg.Move Pips.

"Next Release"
Added a column for User Input of Next Known Release. Date & Time.
Conditional Formated to Visually Alert User to Upcoming Release.

"Countdown to Next Release"
Added Column to show Count Down to News Release.

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Quoting superforex

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hi money master

it is same Warren Forex gois by name of bruce who was at oanda did exatly the same i thought it was strange that in first couple of post he need to tell us he controlls $75000 of aother peoples accounts.

ps
the thread had to be closed

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Quoting BurgerKing

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I have done some research on what this group is doing. basically its a straddle group. nothing more.

on another part, they have a CheckMate EA. Basically placing buy and sell orders continuously... At first I thought hey, its like Pivot point system. however on closer look, its simply a BUY SELL order for every 10 pips of movement... very good for range bound but totally a looser when the market trends.

Now why do they do this? Why the continous placement of buy/sell? At first, it was USDJPY, EURUSD and EURJPY where spread is acceptable. Later I am receiving email from WTA recommending doing the above checkmate system on some far off large spread exotics like EURNZD and at a closer distance of 8 pips instead of the previous 10..

Whats going on?

Looking for clues, I noticed that, they are an Introducing Broker for IBFX. And when you sign up under them, naturally, they get commissions from every trade made.

So whats the connection?

They are now recommending to trade for every 8 pips of movememt - this means, WTA get to receive commissions 20% more often. secondly, they are encouraging more currency pairs - so you get to trade even more often and they get more commissions out of you.

Checkmate EA is just a blood sucker. Stay away.

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Quoting ZedHashPip

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I would like to thank Bemac, MaXeY, BurgerKing and anyone elso who has contributed to create this valuable file! Keep up the great work. I'll see if I can be of any help to improve the document.

P.S.:

@ MaXeY:

I see you're a big Naruto fan! Sasuke-kun is indeed cool, but Uchiha Itachi is far cooler! Mangekyou Sharingan!!! LOL!!!

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Quoting MaXeY

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Sasuke-kun gonna Revenge from Uchiha Itachi soon
Kage Shuriken no Jutsu :

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Quoting Narc

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you guys, there's no love for gaara........

BTT

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Quoting coolhell

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Hello hunter101 ...

I agree with every single word u've said , but i want to say that when i talked about Felix's service i didn't meant joining his service for NEWS TRADING although he gives a FAST news service as i knew .. but that's not the point .. My real point is about joining to get the daily Technical Trading given by his partener Rob and his daily signals which they send even to mobiles ( when to enter/exit , Stop loos , Take profit ) .

You know , to have a daily signals by someone like ROB who is a ( BIG PROFESSIONAL trader who makes million$ yearly ) must be worthy .. right ?!

that was my point : fast news service , daily signals & SMS if u r not online , forex education . These r great things , I'm with u that it'll make the trader depending on others & maybe without understanding what's going on , the trader will even loose the pleasure of trading .

And about the sites that i gave about Felix , BELIEVE ME i dont know about them but i found them while searching and that's a normal thing that u must search before paying for such a service , i've even read in forex bastards forum about ppl who joined the service and didnt get anything . You can check it .
I dont know about scams , u can say i'm new in the field .. u may know scams better than me & thanx for clearing to me that these sites r scams .

finally i agree with u also that no need for this talk here . I wrote when someone asked about that service & i gave what i've got to make it somehow clear , and as u said ; Max gave us MORE THAN ENOUGH with his excel file ( Big thanx to him ) .

I hope that i cleared my point & thanx hunter101 for ur reply .

Bye .

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