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Central Banks & Big Players

  • #16,021
  • Jan 4, 2019 7:15am Jan 4, 2019 7:15am
let's not forget oil and natural gas news coming out in a few hours
Invest in alarm clocks
  • #16,022
  • Jan 4, 2019 7:16am Jan 4, 2019 7:16am
Gave it a shot using 18 pip SL. Do you find that the pre event spikes clear out your SL at 18 pips?
  • #16,023
  • Jan 4, 2019 7:25am Jan 4, 2019 7:25am
Quoting dandzl
Gave it a shot using 18 pip SL. Do you find that the pre event spikes clear out your SL at 18 pips?
gotta place the trade 10 seconds before news
Invest in alarm clocks
  • #16,024
  • Jan 4, 2019 7:29am Jan 4, 2019 7:29am
yes saw it a bit late
  • #16,025
  • Jan 4, 2019 7:35am Jan 4, 2019 7:35am
i dont get this... if the risk reward is always on your side - then you can simply place a trade each way both buy and sell, both with small SL and big TP - then it doesnt matter which way it goes you win correct? if not - then how does the system give you an edge?
  • #16,026
  • Jan 4, 2019 7:40am Jan 4, 2019 7:40am
Quoting groper
i dont get this... if the risk reward is always on your side - then you can simply place a trade each way both buy and sell, both with small SL and big TP - then it doesnt matter which way it goes you win correct? if not - then how does the system give you an edge?

only 1 way because you wanna use your full margin capacity... edge comes from the small sl
Invest in alarm clocks
  • #16,027
  • Jan 4, 2019 7:45am Jan 4, 2019 7:45am
I dont see how margin has anything to do with it? We are simply talking aboiut winning more than we are loosing.
If the edge comes from the small SL - then if you place a trade "each way" the winner will supposedly win alot more than the loser and you will win no matter which way it goes... based on this logic that is.

In reality, what often happens is the price whipsaws and you get stopped out on both trades
  • #16,028
  • Jan 4, 2019 8:19am Jan 4, 2019 8:19am
Quoting poopyguy
gbp rate tomorrow, nfp next, on jan 4
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  • #16,029
  • Jan 4, 2019 8:25am Jan 4, 2019 8:25am
The banks are def the big time players in this game. Usually the price action before the news is a great clue as to what may be about to happen.
  • #16,030
  • Jan 4, 2019 8:55am Jan 4, 2019 8:55am
Jan 9 cad rate and fomc is next for me
  • #16,031
  • Jan 4, 2019 2:20pm Jan 4, 2019 2:20pm
Quoting groper
I dont see how margin has anything to do with it? We are simply talking aboiut winning more than we are loosing. If the edge comes from the small SL - then if you place a trade "each way" the winner will supposedly win alot more than the loser and you will win no matter which way it goes... based on this logic that is. In reality, what often happens is the price whipsaws and you get stopped out on both trades

If you place 2 trades, each trade will have lower lots or units in it because of your max available margin and lots available for a transaction. If you place one trade you will use max lots capacity.


ex: 100 000 on USD/CAD buy (max available margin) wins 120 pips x 10$ ///// loses 16 x 10$ net projected profit in 2 attempts: 1040$
your ex: 50 000 on USD/CAD buy & 50 000 on USD/CAD sell (max available margin) wins 120 pips x 5$ /////// loses 16 pips 5$ net projected profit in 2 attempts: 520$+520$ = 1040$

comes to the same result
Invest in alarm clocks
  • #16,032
  • Jan 4, 2019 2:25pm Jan 4, 2019 2:25pm
Quoting GGekkoGreed
The banks are def the big time players in this game. Usually the price action before the news is a great clue as to what may be about to happen.

I also thought that when I started trading 15 years ago. There is no consistency in that I could post a hundreds charts of the seconds before news.

Sometimes it follows, somethings it's the complete opposite, sometimes it's whipsaws and complete chaos. Don't trust and pre-news move. There is a lot of volatility and the price can go either way. Use a SL all the time and don't try to predict anything.
Invest in alarm clocks
  • #16,033
  • Jan 4, 2019 4:31pm Jan 4, 2019 4:31pm
Quoting poopyguy
Jan 9 cad rate and fomc is next for me
What will be the outcome ( Any forecast) . Is xxx/CAD long/short ?
  • #16,034
  • Jan 4, 2019 5:18pm Jan 4, 2019 5:18pm
Quoting swagat555
{quote} What will be the outcome ( Any forecast) . Is xxx/CAD long/short ?
Literally just clicked this one time https://justflipacoin.com/
  • #16,035
  • Jan 4, 2019 10:28pm Jan 4, 2019 10:28pm
Quoting Tony112
let's not forget oil and natural gas news coming out in a few hours
Thank you Tony,
I’m leaving MTL soon and I’ll be back in Montreal at the end of March.
How do you want to get in touch? Shall I share my contact info in this thread?
  • #16,036
  • Jan 6, 2019 5:19pm Jan 6, 2019 5:19pm
Quoting Moximatoz
{quote} Shall I share my contact info in this thread?
Lol no dude
  • #16,037
  • Jan 6, 2019 10:17pm Jan 6, 2019 10:17pm
Quoting Moximatoz
{quote} Thank you Tony, I’m leaving MTL soon and I’ll be back in Montreal at the end of March. How do you want to get in touch? Shall I share my contact info in this thread?
You can use PM
i lose money for a living
  • #16,038
  • Jan 7, 2019 12:34am Jan 7, 2019 12:34am
When you become unique, you will have HATERS. Remember it.

Your heart will feel it, and then your eyes will see it and then your heart will feel it even more.

But then, karma will catch them back, and if you're lucky like me ... you'll see it and your heart will love it.

We live a very patient but balanced universe.

BTW I'm talking about physical people surrounding me ... not anyone in the forum here.
Invest in alarm clocks
  • #16,039
  • Jan 9, 2019 9:01am Jan 9, 2019 9:01am
Quoting poopyguy
Jan 9 cad rate and fomc is next for me
fomc next

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  • #16,040
  • Jan 9, 2019 2:28pm Jan 9, 2019 2:28pm
Quoting poopyguy
{quote} fomc next {image}
On to the next one

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