Covered both positions at 1.13580 for a profit
- #1,172,184
- Jun 10, 2020 5:54am Jun 10, 2020 5:54am
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
- #1,172,186
- Jun 10, 2020 6:18am Jun 10, 2020 6:18am
- Joined Jun 2013 | Status: enjoying life | 23,850 Posts
- #1,172,188
- Jun 10, 2020 6:29am Jun 10, 2020 6:29am
- Joined Oct 2012 | Status: Trader | 2,501 Posts
A tip on trading fomc.
I trade 4 lots total.
Let say it really is a SELL eu...
i enter 2 lots 1min before the news
I set up sell limit order 20pips above - 2 more lots
and sell stop order 20 pips below.
usually it’ll spike and jump the opposite. Sometime it does not.
let say if it jumps up (it will clock in my sell limit allowing me to maximize my profit) then it’ll drop. But let say if it dont spike and just drop. It clock me in 20pips below for another 2 lot...
while doing so, you must be quick and ready to set/move your SL...
Let say I am wrong and the news continue to be a bull (buy)
before the news Ill set sl 40pip.. but at the same time it could spike down and jump up.. when it spikes down it would clock me in for 2 more lots, however I would Quickly move my sl quickly to BE.
on the losing side:
worst case scenario - I would lose 40pip+ 20pip on 2lot averaging -30pip on 4lot (1.2k)
best case scenario - Lose 20pips on 2 lot and BE on the other 2 lot averaging -10pip on 4 lot trade(400)
If I am correct... I could be looking 4k-8k profit
May seem a bit hard to read or understand.
not sure if you guys are clear on what I wrote.
I trade 4 lots total.
Let say it really is a SELL eu...
i enter 2 lots 1min before the news
I set up sell limit order 20pips above - 2 more lots
and sell stop order 20 pips below.
usually it’ll spike and jump the opposite. Sometime it does not.
let say if it jumps up (it will clock in my sell limit allowing me to maximize my profit) then it’ll drop. But let say if it dont spike and just drop. It clock me in 20pips below for another 2 lot...
while doing so, you must be quick and ready to set/move your SL...
Let say I am wrong and the news continue to be a bull (buy)
before the news Ill set sl 40pip.. but at the same time it could spike down and jump up.. when it spikes down it would clock me in for 2 more lots, however I would Quickly move my sl quickly to BE.
on the losing side:
worst case scenario - I would lose 40pip+ 20pip on 2lot averaging -30pip on 4lot (1.2k)
best case scenario - Lose 20pips on 2 lot and BE on the other 2 lot averaging -10pip on 4 lot trade(400)
If I am correct... I could be looking 4k-8k profit
May seem a bit hard to read or understand.
not sure if you guys are clear on what I wrote.
Trade what you see, take what the market gives you.
- #1,172,190
- Jun 10, 2020 6:38am Jun 10, 2020 6:38am
- | Joined Feb 2018 | Status: Trader | 1,276 Posts
A tip on trading fomc. I trade 4 lots total. Let say it really is a SELL eu... i enter 2 lots 1min before the news I set up sell limit order 20pips above - 2 more lots and sell stop order 20 pips below. usually it’ll spike and jump the opposite. Sometime it does not. let say if it jumps up (it will clock in my sell limit allowing me to maximize my profit) then it’ll drop. But let say if it dont spike and just drop. It clock me in 20pips below for another 2 lot... while doing so, you must be quick and ready to set/move your SL... Let say I am wrong...
- #1,172,191
- Jun 10, 2020 6:48am Jun 10, 2020 6:48am
- Joined Oct 2012 | Status: Trader | 2,501 Posts
{quote} you have big fantasy
. Its just how I trade over the years. I make my own strategy against news! But lets be real... who here doesnt have a big fantasy??? 
. Fantasy does come true though 
Trade what you see, take what the market gives you.
- #1,172,192
- Jun 10, 2020 7:04am Jun 10, 2020 7:04am
- Joined Jun 2013 | Status: enjoying life | 23,850 Posts
- #1,172,194
- Jun 10, 2020 7:11am Jun 10, 2020 7:11am
- Joined Oct 2012 | Status: Trader | 2,501 Posts
Trade what you see, take what the market gives you.
- #1,172,195
- Jun 10, 2020 7:12am Jun 10, 2020 7:12am
- Joined Oct 2012 | Status: Trader | 2,501 Posts
Trade what you see, take what the market gives you.
- #1,172,199
- Jun 10, 2020 7:36am Jun 10, 2020 7:36am
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
- #1,172,200
- Jun 10, 2020 8:08am Jun 10, 2020 8:08am
- Joined Oct 2012 | Status: Trader | 2,501 Posts
Trade what you see, take what the market gives you.