News Trader proof of profits? | Forex Factory

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News Trader proof of profits?

  • #1
  • First Post: Jan 6, 2007 4:48am Jan 6, 2007 4:48am
So it seems like every news trader is in search of the perfect broker to trade the news in the extent they will torture them self’s changing broker three to four time to probably just end of going back to the first broker so I am willing to put up the News Trader Challenge to either find out is it really worth jumping back and forth from broker to broker or give people a sense of relief and choose their broker based on better reason that getting bad fill during the middle of news.

News Trader Challenge:

Show me a live account statement that goes back at least one year showing that you have/are successfully trading the news with at least 1 standard contract (100,000).

The first person that can provide this in the next 7days I will fly to Costa Rica all expense paid vacation.
  • #2
  • Jan 6, 2007 9:04am Jan 6, 2007 9:04am
Quoting turbokaos
So it seems like every news trader is in search of the perfect broker to trade the news in the extent they will torture them self’s changing broker three to four time to probably just end of going back to the first broker so I am willing to put up the News Trader Challenge to either find out is it really worth jumping back and forth from broker to broker or give people a sense of relief and choose their broker based on better reason that getting bad fill during the middle of news.

News Trader Challenge:

Show me a live account statement that goes back at least one year showing that you have/are successfully trading the news with at least 1 standard contract (100,000).

The first person that can provide this in the next 7days I will fly to Costa Rica all expense paid vacation.
for the ppl that are and have been profitable trading news for the last few years (there are plenty) , I would dare say they are knowledgable enough to realise that telling anyone how and with which broker they trade with will have an adverse affect on their p&l as more and more ppl trading with their broker will decrease liquidity. An all expenses paid 12 month cruise around the world wouldn't even come close to the amount they could lose in future profit
  • #3
  • Edited 2:13pm Jan 6, 2007 1:49pm | Edited 2:13pm
I think everyone here know what I'm talking about... This is directed to the folks that realistically think they will be able to write only the news events on the calendar during those days open up the trading platform for about 2min and become a successful and profitable trader.... and i might add that once the news has already been out for few min that is more trading price action and no longer the so called "news trading"

It no more than like what I said before when people where straddling Oanda… Enjoy it why it last don’t forget to use proper MM<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

In the long run I think the Lotto has better odds.<o></o>


I wish everyone the best of luck and many pips

turbo
  • #4
  • Jan 7, 2007 10:09pm Jan 7, 2007 10:09pm
Quoting turbokaos
I think everyone here know what I'm talking about... This is directed to the folks that realistically think they will be able to write only the news events on the calendar during those days open up the trading platform for about 2min and become a successful and profitable trader.... and i might add that once the news has already been out for few min that is more trading price action and no longer the so called "news trading"

It no more than like what I said before when people where straddling Oanda… Enjoy it why it last don’t forget to use proper MM<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

In the long run I think the Lotto has better odds.<o></o>


I wish everyone the best of luck and many pips

turbo
Straddlers and new traders to the Forex market -- listen to what turbo is saying.

However, I think that your safest option is to be an already successful trader, with strategies that you can utilize when the good days aren't working anymore in news... that way you're set.

This all goes back to the mantra that you should always have a toolbox setup with different strategies when other edges quit working. That goes for news trading, swing trading, or whatever. All edges at some point (maybe not all, but a large portion of edges) gradually quit working. News can be just a little quicker.
Mr. Trend
  • #5
  • Jan 7, 2007 10:37pm Jan 7, 2007 10:37pm
Quoting turbokaos
So it seems like every news trader is in search of the perfect broker to trade the news in the extent they will torture them self’s changing broker three to four time to probably just end of going back to the first broker so I am willing to put up the News Trader Challenge to either find out is it really worth jumping back and forth from broker to broker or give people a sense of relief and choose their broker based on better reason that getting bad fill during the middle of news.

News Trader Challenge:

Show me a live account statement that goes back at least one year showing that you have/are successfully trading the news with at least 1 standard contract (100,000).

The first person that can provide this in the next 7days I will fly to Costa Rica all expense paid vacation.
why would anybody give you a live statement for ALL to see!?!?! I mean seriously
  • #6
  • Jan 7, 2007 10:53pm Jan 7, 2007 10:53pm
Quoting hilmy83
why would anybody give you a live statement for ALL to see!?!?! I mean seriously
I never said share your statement w/ the world. Whats going to happen I'm going to go to the roof of a building and scream at the top of my lungs and confirm your a successful news trader.
  • #7
  • Jan 7, 2007 10:55pm Jan 7, 2007 10:55pm
Quoting turbokaos
The first person that can provide this in the next 7days I will fly to Costa Rica all expense paid vacation.
2 Thoughts come to mind...

Either you do not expect to see posted results... {most likely}

OR

Your next post will contain a ScrSht of a verified ticket from 'x' To Costa Rica.
  • #8
  • Edited 11:27pm Jan 7, 2007 11:07pm | Edited 11:27pm
Quoting Bemac
2 Thoughts come to mind...

Either you do not expect to see posted results... {most likely}

OR

Your next post will contain a ScrSht of a verified ticket from 'x' To Costa Rica.
Obviously I betting it not going to happen buy my whole point it to slow down some noobs before they start diving in head first thinking there going double and triple there accounts in the next few months off catching the news spike.
  • #9
  • Jan 7, 2007 11:18pm Jan 7, 2007 11:18pm
Quoting turbokaos
slow down some noobs before they ...
Cool. Rightious Even.
Have a Dot on me.
  • #10
  • Jan 7, 2007 11:51pm Jan 7, 2007 11:51pm
Quoting Bemac
Cool. Rightious Even.
Have a Dot on me.
Thanx for the dot it took me awhile to figure out what you where talking about..LOL

I must have been moving into the new house when the DOTs started...
  • #11
  • Jan 8, 2007 12:07am Jan 8, 2007 12:07am
No doubt on profits from news trading
"Hanya jauhari yang mengenal manikam" - Malaysian quote

All you need is to study the news behaviour and.. see my siggy
Trade the Possibilities
  • #12
  • Jan 8, 2007 12:11am Jan 8, 2007 12:11am
100% on your side Fisher, but how do YOU trade it?

Straddle?
Cross?
Break?
Exhaust? {Fade}
  • #13
  • Jan 8, 2007 12:39am Jan 8, 2007 12:39am
Quoting Bemac
100% on your side Fisher, but how do YOU trade it?

Straddle?
Cross?
Break?
Exhaust? {Fade}
Straddle, sometimes fade.
Studying news behaviour is the most important things, so that we can set our TP, SL, PA, OCO etc based on historical data.

Bemac, I'm sure that you are better than me
Trade the Possibilities
  • #14
  • Jan 8, 2007 3:42am Jan 8, 2007 3:42am
Quoting turbokaos
So it seems like every news trader is in search of the perfect broker to trade the news in the extent they will torture them self’s changing broker three to four time to probably just end of going back to the first broker so I am willing to put up the News Trader Challenge to either find out is it really worth jumping back and forth from broker to broker or give people a sense of relief and choose their broker based on better reason that getting bad fill during the middle of news.

News Trader Challenge:

Show me a live account statement that goes back at least one year showing that you have/are successfully trading the news with at least 1 standard contract (100,000).

The first person that can provide this in the next 7days I will fly to Costa Rica all expense paid vacation.
If your a successfull news trader you can fly your own self to costa rica all expese paid, there no way a news trader is going to show you his statement what would be his reason he's already making money news trading, and all your offering is a paid trip, now thats funny.
If I Go Broke Trying Then I Will die happy.
  • #15
  • Jan 8, 2007 4:06am Jan 8, 2007 4:06am
LOL!!!


I have seen moe make money a million times news trading, He's helped me bag quite a few pips in the past, though i understand where your coming from


You want a statement i will pm you as many as you like later! can you also make the trip to the carribean, dont care much for costa rica, also 21 nights for a family of four, as 7 aint long enough, cheers

cheers
  • #16
  • Jan 8, 2007 4:14am Jan 8, 2007 4:14am
quote: you don't need fame if you already have the fortune.
If I Go Broke Trying Then I Will die happy.
  • #17
  • Jan 8, 2007 4:28am Jan 8, 2007 4:28am
Quoting Moe
quote: you don't need fame if you already have the fortune.
That's the best way of saying it

I'm glad if he can offer a trip to Hawaii or watching football match at Old Trafford.
Joking..
Trade the Possibilities
  • #18
  • Edited 7:26am Jan 8, 2007 6:39am | Edited 7:26am
HA HA...<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

Ooops let me check my mail... Nope don't see anything...<o></o>

Listen Im not calling any one out and saying there are not successful traders. But right now you have dozen if not hundreds of noobes jumping on these live News Room Trade Callsl or even better yet the newest creation are these apps that will auto click off the deviation of the data.<o></o>

<o></o>
I'm sure some of you make plays off the news but I don’t think any successful trader here is going confirm they open up there laptop a few times a week for less than two min at a time and are making a living by doing that.

<o></o>
Because what really sad is I have tested one of these auto clicker and for the moment it is performing quite well. But I also recall back in 2002 and 2003 you use to be able to straddle the news at GAIN or FXCM like people where doing a few months ago at Oanda and making a killing. Now lucky for people at Oanda they only widen the spreads.. But most people here weren’t even trading back in 2002 and 2003. To inform people what happened on these fixed brokers.<o></o>

<o></o>
Let just put it this way they let you into the trade but that all to famous pop-up warning at FXCM didn’t exist yet so they didn’t have no problems letting you in the trade but they weren’t letting you out until you saw blood.<o></o>

<o></o>
I learned the hard way but there was nothing ever to say other wise. I couldn’t even tell how many news trades I must I have knocked down before that Dec 2004 NFP… Where I lost 100+ pips Not only did I loose all my gain but some extra too.<o></o>

<o></o>
So if you want to contribute to this wide spread misconception that’s spreading like wild fire keep on cracking jokes… All I got to say is put your statement where your mouth is and don’t give me some shit about “you don't need fame if you already have the fortune.”


This is my prediction the spreads will get wider around the news for varable broker and for the fixed they will all start to have the same lock out time GAIN and FXCM already does around the news

<o></o>

Turbo


Proceed w/ caution noobs don't for get your MM doesn't matter how many wining trades you get in row...
<o></o>

It all fun and games until people start to loose there ass but that not your problem….<o></o>
  • #19
  • Edited 7:11am Jan 8, 2007 6:54am | Edited 7:11am
This really cracks me up. Its no more than when I see a few people that have really I high rating becasue they contribute to tons of post to the Factory but have never traded a live account.


Just for the record I"m not talking about anybody that is in this thread so far.
  • #20
  • Jan 8, 2007 7:05am Jan 8, 2007 7:05am
Here is a perfect example:
http://www.forexfactory.com/forexfor...ad.php?t=11994
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