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Lets Trade The News V 0.2 !

  • #261
  • Nov 17, 2006 3:44am Nov 17, 2006 3:44am
Quoting Fisher
How about NorthFinance
Anyone use NF for news trading so far?
NorthFinance:

as i heard..

- Min Straddle 10pips
- spread can be widen up to 10pips
- sometimes u cant close ur position manually (so u have to set u SL and TP before enter the trade)
- no slippage

but So Far better Than IBFX, 'll try they demo !
Charting Markets into the Future...MǎҖ€¥.
  • #262
  • Nov 17, 2006 3:57am Nov 17, 2006 3:57am
Their spread for GBPUSD remained untouched during both news session yesterday (UK, CPI) at 4pips.
  • #263
  • Nov 17, 2006 5:42am Nov 17, 2006 5:42am
USD Housing Starts....

Hello guys

just added this report to our file, i didnt trade this one before.. but seems be cool...
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #264
  • Nov 17, 2006 5:47am Nov 17, 2006 5:47am
Quoting MaXeY
NorthFinance:

as i heard..

- Min Straddle 10pips
- spread can be widen up to 10pips
- sometimes u cant close ur position manually (so u have to set u SL and TP before enter the trade)
- no slippage

but So Far better Than IBFX, 'll try they demo !
Thanks Maxey.. great testimonial from you
Trade the Possibilities
  • #265
  • Nov 17, 2006 6:45am Nov 17, 2006 6:45am
Quoting MaXeY
USD Housing Starts....

Hello guys

just added this report to our file, i didnt trade this one before.. but seems be cool...
Triggers Confused !

gonna straddle it better
Charting Markets into the Future...MǎҖ€¥.
  • #266
  • Nov 17, 2006 6:56am Nov 17, 2006 6:56am
Some info From felix

We have housing starts coming out of the U.S. Expected number is at around 1680K, versus 1772K last month. If the number comes out at 1775K or higher, I may possibly go short on GBP/USD, since it'll be good for the dollar, and will show no decline since previous month. If that happens, a drop of 50 pips is very possible...but it will depend on the price level before the report. If on another hand, the number comes out at 1570 or below, that would signify a significant drop of 100K since last month, and we might see some temporary spike up against the trend by probably about 20 to 50 pips, depending on where the price is at before the report. So a long position would definitely be more risky, however could still be profitable.
Charting Markets into the Future...MǎҖ€¥.
  • #267
  • Nov 17, 2006 7:34am Nov 17, 2006 7:34am
Traded it Number was 1.486

-2 for me
Charting Markets into the Future...MǎҖ€¥.
  • #268
  • Nov 17, 2006 7:39am Nov 17, 2006 7:39am
Quoting fx-analytics.co
Before you even start thinking about trading the news

It is my first post here so let me introduce myself - I am Pawel.

Greetings.
\

Pawel,
Are you trying to discourage people from trading the news because you are selling an advisory service from your website?
  • #269
  • Nov 17, 2006 7:43am Nov 17, 2006 7:43am
Quoting MaXeY
Traded it Number was 1.486

-2 for me
Wow i finnally got pips when u did not huh?
Got in at 8865 to 8870 for 5 pips
then i got in at 8867 to 8857 for another 10 pips
Best trade ive done all week, pretty sad huh
Im all over that limit order from now on ya baby
Ghost Swoopen in for my pips while no one is lookin !!
  • #270
  • Nov 17, 2006 8:14am Nov 17, 2006 8:14am
Quoting Ghostpipper
Wow i finnally got pips when u did not huh?
Got in at 8865 to 8870 for 5 pips
then i got in at 8867 to 8857 for another 10 pips
Best trade ive done all week, pretty sad huh
Im all over that limit order from now on ya baby
lool , cool Ghostpipper
Charting Markets into the Future...MǎҖ€¥.
  • #271
  • Nov 17, 2006 8:17am Nov 17, 2006 8:17am
my trades Week Results....

GBP CPI m/m...IBFX Widen spread upto 9, My orders didnt accepted
USD Core PPI......+28
NZD Retail Sales m/m.......+20
GBP Retail Sales....+20
USD Core CPI......+24
USD TIC Report.......+5 (Long & Short hits)
USD Housing Starts... -2

This Week.....Total: 95 PIP
Charting Markets into the Future...MǎҖ€¥.
  • #272
  • Nov 18, 2006 4:24am Nov 18, 2006 4:24am
Quoting MaXeY
NorthFinance:

as i heard..

- Min Straddle 10pips
- spread can be widen up to 10pips
- sometimes u cant close ur position manually (so u have to set u SL and TP before enter the trade)
- no slippage

but So Far better Than IBFX, 'll try they demo !
I used to ahve Live account with northfinance and heres the problem if you go with them.
1 - most of the time spread increasinbg even 10 pips, but regular 5 pips
2 - You can not close your positionb manually , if price back your will be dead, if you dont have stop.
3 - The minumum Distance is 10 pips, there is better broker like Alpari with small distance and always fill you on time, wilt regulated broker.....
4 - You will got some time sliipage and in the very sharpy market your order will not executede until 1 minute...... they will keep it intact and after 1 min maybe they will modify it and get it execuetd if your inn the loss you will lose big money.
5 - The BIG problem is during NFP news they will hangh and Block their platform during NFP news, and most of the time they will show it with BIG gap, while there is no gap at all, and maybe your stop will not executed after platform is start working.... to be honest i found Alpari much better than this and i found www.tradexfx.com good, and also www.crownforex.com is very very good also
crown never slippage spraed is 1 pip, your order will exeuted in all market condistion even NFP, I know more than 50 prople in my country using crwonforex for their stradde news and they are all happy... wish all of you best of lucks...
  • #273
  • Edited 5:10am Nov 18, 2006 5:00am | Edited 5:10am
Quoting mohsen57
I used to ahve Live account with northfinance and heres the problem if you go with them.
1 - most of the time spread increasinbg even 10 pips, but regular 5 pips
2 - You can not close your positionb manually , if price back your will be dead, if you dont have stop.
3 - The minumum Distance is 10 pips, there is better broker like Alpari with small distance and always fill you on time, wilt regulated broker.....
4 - You will got some time sliipage and in the very sharpy market your order will not executede until 1 minute...... they will keep it intact and after 1 min maybe they will modify it and get it execuetd if your inn the loss you will lose big money.
5 - The BIG problem is during NFP news they will hangh and Block their platform during NFP news, and most of the time they will show it with BIG gap, while there is no gap at all, and maybe your stop will not executed after platform is start working.... to be honest i found Alpari much better than this and i found www.tradexfx.com good, and also www.crownforex.com is very very good also
crown never slippage spraed is 1 pip, your order will exeuted in all market condistion even NFP, I know more than 50 prople in my country using crwonforex for their stradde news and they are all happy... wish all of you best of lucks...
Thanx mohsen for this info

I get tired to find a honest broker to trade with..

SO seems that www.crownforex.com is the best here..
you said 1 pip spread only !!
do u have alive with them?
what min account, levarge?
any freeze, slippage, widen, minumum Distance?

Thanx
Charting Markets into the Future...MǎҖ€¥.
  • #274
  • Nov 18, 2006 6:01am Nov 18, 2006 6:01am
Most of brokers has a bad testimonial from traders including crownforex, northfinance, fxcm etc..

What can I say? Just give them a try..
Trade the Possibilities
  • #275
  • Nov 18, 2006 10:11am Nov 18, 2006 10:11am
Hello maxy.

Yes, i have live account wih them, and many friend of mine also with me.
the minumum account is 500$ with 1:200 leverage, there is no slipage at all, and no freeze, they never widen spread, i didnt see that, the only disadvantafge is 10 pip distance. and they dont accept scalping, and recently because a lot of news traders go with them, they have disable Expert advisors, you have to set orders manually, i have a great indicator that help us to set order just 2 min before news release, the indicator shows us the entery and we just enter our parameters...
and about the 1 pip spraed that's right if you open account directly with them, but if you open account with the help of an IB, the spread will be 2, to be henost i never see they freeze their platform, but sometimes our order executed with a little delay, to tell the truth i found this one good and honest untill now. the superior advantage is their very low spraed, if you only stradde news this is very good i suppose, you can try them with only 500$ with 1:200 leverage, and they keep they margin fixed, for all pairs, if you open 1 lot, margin will be only 500$ for all pair even gold and silver. if you have any question i would glad to help, But you can try www.tradexfx.com also i have a long conversation with their manger they fully support news tarding... you can chat with them here yahoo ID : "tradexfx2000" the most advantage for you i think, the manager for tardexfx is an egyption, and his name is "El semman", he called me and answed all my questions...... you can try them also with 500$ ...

I hope it helped.
regards
mohsen
  • #276
  • Nov 18, 2006 10:35am Nov 18, 2006 10:35am
VT (Visual Trader) guarantees vor 10 (full) Lots Orders. I ´ve an account there: sometimes you can´t see the order, but u can be shure that it is filled. So when u place an "exit" to a "invisible" Trade, then it´s ok too. But this is a bit habituation-needily...
  • #277
  • Nov 18, 2006 11:08am Nov 18, 2006 11:08am
Thanx
Attached Image
Charting Markets into the Future...MǎҖ€¥.
  • #278
  • Nov 18, 2006 2:17pm Nov 18, 2006 2:17pm
Quoting mohsen57
Hello maxy.

Yes, i have live account wih them, and many friend of mine also with me.
the minumum account is 500$ with 1:200 leverage, there is no slipage at all, and no freeze, they never widen spread, i didnt see that, the only disadvantafge is 10 pip distance. and they dont accept scalping, and recently because a lot of news traders go with them, they have disable Expert advisors, you have to set orders manually, i have a great indicator that help us to set order just 2 min before news release, the indicator shows us the entery and we just enter our parameters...
and about the 1 pip spraed that's right if you open account directly with them, but if you open account with the help of an IB, the spread will be 2, to be henost i never see they freeze their platform, but sometimes our order executed with a little delay, to tell the truth i found this one good and honest untill now. the superior advantage is their very low spraed, if you only stradde news this is very good i suppose, you can try them with only 500$ with 1:200 leverage, and they keep they margin fixed, for all pairs, if you open 1 lot, margin will be only 500$ for all pair even gold and silver. if you have any question i would glad to help, But you can try www.tradexfx.com also i have a long conversation with their manger they fully support news tarding... you can chat with them here yahoo ID : "tradexfx2000" the most advantage for you i think, the manager for tardexfx is an egyption, and his name is "El semman", he called me and answed all my questions...... you can try them also with 500$ ...

I hope it helped.
regards
mohsen
Hi,

Could somebody please clarify what "scalping" means in this context. Is it a certain number of pips per trade or has it got more to do with frequency of small trades per day or some other intraday period?

If you were to implement SDRC's strategy with www.crownforex.com and generate 5 to 15 pips per day, would that be classed as "scalping".

Thanks for any feedback.
  • #279
  • Nov 19, 2006 6:10am Nov 19, 2006 6:10am
every broker has their own rule for scalping if they dont let you do scalping, for example crownforex say tradeing with less than 7 pips means scalping, they dont have probem with time or short times trades, only number of pips, but other brokers like Neumiex.com dont allow scalping and they dont care about pip number they only care about short time trading, they say your order should open at least 10 min, and after that you can close it even with 1 pip...
hope it helps
  • #280
  • Nov 19, 2006 6:32am Nov 19, 2006 6:32am
Quoting mohsen57
every broker has their own rule for scalping if they dont let you do scalping, for example crownforex say tradeing with less than 7 pips means scalping, they dont have probem with time or short times trades, only number of pips, but other brokers like Neumiex.com dont allow scalping and they dont care about pip number they only care about short time trading, they say your order should open at least 10 min, and after that you can close it even with 1 pip...
hope it helps
Hi,

Followng the posting of the question I did a little more research and found the definition of scalping to be a confusing area within forex.

So, as you suggest, I should check the rules broker by broker.

Thanks for your feedback.
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