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THE only Pattern

  • #8,801
  • Feb 7, 2019 7:11am Feb 7, 2019 7:11am
Quoting Inthebox
{quote} ecad gcad h4 if go up, might be start of new trend. need to see a breakout upward.
.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #8,802
  • Feb 7, 2019 1:15pm Feb 7, 2019 1:15pm
Quoting Inthebox
{quote} . {image}
News tomorrow - if Cad positive will come straight back down I suppose
  • #8,803
  • Feb 7, 2019 9:06pm Feb 7, 2019 9:06pm
watching whether en gn will remain below the open line
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,804
  • Feb 7, 2019 9:20pm Feb 7, 2019 9:20pm
Quoting jmtini
{quote} News tomorrow - if Cad positive will come straight back down I suppose
expectations a bit negative but stats for last 2 months say otherwise. just have to wait for reaction.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,805
  • Feb 8, 2019 12:04am Feb 8, 2019 12:04am
GBP is weak

Wonder if we'll have a 100 pip move on GJ today
  • #8,806
  • Feb 8, 2019 12:32am Feb 8, 2019 12:32am
I think so. Were there any good reasons for yesterday upward move?
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,807
  • Feb 8, 2019 1:30am Feb 8, 2019 1:30am
Quoting jmtini
GBP is weak Wonder if we'll have a 100 pip move on GJ today
Im long ga
Scalping levels so maybe not important with ur view...
  • #8,808
  • Feb 8, 2019 1:39am Feb 8, 2019 1:39am
Quoting witowito
{quote} Im long ga Scalping levels so maybe not important with ur view...
Not best probabiliy trade so 60%off at 1R
And leaving SL where it have to be. So kind of free trade lol
TP new high of the day but i could close it earlier if i see some ugly price action...
First point to break is London open and that white box that u see
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  • #8,809
  • Feb 8, 2019 2:26am Feb 8, 2019 2:26am
Quoting witowito
{quote} Not best probabiliy trade so 60%off at 1R
Good. Now i see you using sr tl combination more often.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,810
  • Feb 8, 2019 2:26am Feb 8, 2019 2:26am
Quoting witowito
{quote} Not best probabiliy trade so 60%off at 1R And leaving SL where it have to be. So kind of free trade lol TP new high of the day but i could close it earlier if i see some ugly price action... First point to break is London open and that white box that u see {image}
I move mi stop loss below those lows(red circle)
If price come to the green circle and give a nice OP i will look for longs... u know the invalidation level...
Tp new highs of the day and probably 1.835
Breaking the lows and goin back inside the trend line completly invalidate my idea of longs...
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  • #8,811
  • Feb 8, 2019 5:32am Feb 8, 2019 5:32am
Just almost doubled my account guys

I said CAD was coming down
  • #8,812
  • Feb 8, 2019 5:34am Feb 8, 2019 5:34am
I'm beginning to think that trading the news is the way to go. It's a bit of a lottery I know but it's the only time they can't f....k you around!!!
  • #8,813
  • Feb 8, 2019 5:40am Feb 8, 2019 5:40am
Quoting jmtini
I'm beginning to think that trading the news is the way to go. It's a bit of a lottery I know but it's the only time they can't f....k you around!!!
playing the news can be a strategy. one can use the margin call as stop loss.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,814
  • Feb 8, 2019 5:44am Feb 8, 2019 5:44am
Quoting Inthebox
{quote} playing the news can be a strategy. one can use the margin call as stop loss.
What I watch for is if there is a "leak" - one can almost always see it in the way the PA is moving in the minutes and seconds before the break. Of course it's not always the case but if one ignores the 50/50 situations the odds are stacked in your favour
  • #8,815
  • Feb 8, 2019 5:48am Feb 8, 2019 5:48am
Quoting jmtini
I'm beginning to think that trading the news is the way to go. It's a bit of a lottery I know but it's the only time they can't f....k you around!!!
Hi Jmtini,

Not to discourage you but, depending on news trades is probably one of the riskiest ways to trade, it can indeed be a lottery as you said. Also there is a big chance that your SL will get slipped by enormous amounts of pips if you get caught on the wrong side. ( this is very common and not the brokers fault )

There may also be big spikes that take you out before it runs the way you had anticipated. The trade that has now doubled your account may sooner or later wipe out your account.

This is just a friendly heads up, best of luck on how you wish to trade ofcourse!
  • #8,816
  • Feb 8, 2019 5:52am Feb 8, 2019 5:52am
Quoting jmtini
{quote} What I watch for is if there is a "leak" - one can almost always see it in the way the PA is moving in the minutes and seconds before the break. Of course it's not always the case but if one ignores the 50/50 situations the odds are stacked in your favour
i saw them at that moment. ucad ecad gcad prices approaching day opening.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,817
  • Feb 8, 2019 5:55am Feb 8, 2019 5:55am
Quoting JvD3
{quote} Hi Jmtini, Not to discourage you but, depending on news trades is probably one of the riskiest ways to trade, it can indeed be a lottery as you said. Also there is a big chance that your SL will get slipped by enormous amounts of pips if you get caught on the wrong side. ( this is very common and not the brokers fault ) There may also be big spikes that take you out before it runs the way you had anticipated. The trade that has now doubled your account may sooner or later wipe out your account. This is just a friendly heads up, best of luck...
Yes so true JvD3 - that's why I chicken out most of the time!

However this guy seems to win consistently and only trades the news (don't know how he does it though, that's the problem!) :

https://www.forexfactory.com/showthr...4#post11980164
  • #8,818
  • Feb 8, 2019 6:07am Feb 8, 2019 6:07am
Quoting JvD3
{quote} Hi Jmtini, Not to discourage you but, depending on news trades is probably one of the riskiest ways to trade, it can indeed be a lottery as you said.
totally agree.
just for information, there are those with 2 accounts to mitigate the risk. for example:
One is the main account with $10k.
if one decides to risk 1% for the news, he will transfer $100 to account 2.
and play the account 2 using it's margin call as stop loss.
never tried it. do not know whether it works or not.
ITB - Seeing Orderliness amongst 'Randomness'
  • #8,819
  • Feb 8, 2019 6:12am Feb 8, 2019 6:12am
Quoting Inthebox
{quote} totally agree. just for information, there are those with 2 accounts to mitigate the risk. for example: One is the main account with $10k. if one decides to risk 1% for the news, he will transfer $100 to account 2. and play the account 2 using it's margin call as stop loss. never tried it. do not know whether it works or not.
That's an excellent idea!

If one has an account with 500:1 leverage you can still trade with a fairly nice lot size on the small account
  • #8,820
  • Feb 8, 2019 7:10am Feb 8, 2019 7:10am
Quoting Inthebox
{quote} totally agree. just for information, there are those with 2 accounts to mitigate the risk. for example: One is the main account with $10k. if one decides to risk 1% for the news, he will transfer $100 to account 2. and play the account 2 using it's margin call as stop loss. never tried it. do not know whether it works or not.
That seems to be a good alternative for news traders, have a seperate account where you play the news, ideally with a broker that allows good leverage and has negative balance protection. This way you can play relatively safe
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