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Little Pip in a Big Pond. Help!!

  • #21
  • Nov 22, 2006 7:44am Nov 22, 2006 7:44am
Quoting aswilled
Get your news from www.bea.gov as well as bloomberg tv and cnbc. You tading method is only providing you 10 pips? That may be good or bad. Good if its telling you when a trend is beginnin/reversing, bad if its not. You must predict with a high probability that the trend will go your way. This is what makes the pro trader. Exiting isn't as important as entering the right trade the right way. because you can always close out in profits. And this is the key to making millions. I don't really have an exit strategy. I just know when to get in and out. Its simple once you know what to look for. I've worked in corporate america for years. And I hated it. The money was good but the subservience is deplorable. I wasn't born to be an employee.
Thanks Aswilled I have been useing those forums. How do you know which direction something will drive the market if you use this? They all seem to give you the news as it comes out but how do you get in before the spike and make all the $$?
"Opportunities multiply as they are seized."- Sun Tzu
  • #22
  • Nov 22, 2006 11:18am Nov 22, 2006 11:18am
Quoting pairtrader
Thanks Aswilled I have been useing those forums. How do you know which direction something will drive the market if you use this? They all seem to give you the news as it comes out but how do you get in before the spike and make all the $$?
This is aswilled using my wifes login. Now, negative news give negative results. and vice versa. To get the news before it comes out is insider trading. Punishable by 10 - 20 yrs in federal prison. Its what unseated Martha for a bit. This is how you get ready for the news. Watch the Morning Call at 8 am on cnbc. They will tell you when news reports are expected. And what market expectation are. Place yourself infront the tv, getting ready to buy/sell, according to expectations being met or not. The news doesn't always move the market. But when it do, it will do it fast. So get ready, get ready, get ready!
  • #23
  • Nov 22, 2006 6:11pm Nov 22, 2006 6:11pm
Quoting shewill
This is aswilled using my wifes login. Now, negative news give negative results. and vice versa. To get the news before it comes out is insider trading. Punishable by 10 - 20 yrs in federal prison. Its what unseated Martha for a bit. This is how you get ready for the news. Watch the Morning Call at 8 am on cnbc. They will tell you when news reports are expected. And what market expectation are. Place yourself infront the tv, getting ready to buy/sell, according to expectations being met or not. The news doesn't always move the market. But when it do, it will do it fast. So get ready, get ready, get ready!
So do you usualy go into the trade before the release or wait for the first candle?
"Opportunities multiply as they are seized."- Sun Tzu
  • #24
  • Nov 22, 2006 10:32pm Nov 22, 2006 10:32pm
Quoting pairtrader
So do you usualy go into the trade before the release or wait for the first candle?
Never trade before or during the release. Wait till after the release. Watch the candle signal (at least two sessions) and where the price is within the bollinger bands.
A. Finesse Williams Making Millions One Pip At A Time!
  • #25
  • Last Post: Nov 22, 2006 11:27pm Nov 22, 2006 11:27pm
Quoting aswilled
Never trade before or during the release. Wait till after the release. Watch the candle signal (at least two sessions) and where the price is within the bollinger bands.
Ok thanks. I'll try to be patient, maybe I should try chanting.
"Opportunities multiply as they are seized."- Sun Tzu
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