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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #194,541
  • Sep 4, 2009 8:18am Sep 4, 2009 8:18am
Quoting grashid
i like tis 2 guys actually....easy n fast money....but not advised for those who not dare...mm

sell n buy limt with 80-100 gap from 1 min b4 news with tp 80pips each

There are few method how to trade NFP new.

First Method :

Put Sell limit and buy limit 5 minutes before NFP news. Take profit only 20 pips. Used Big lot.
  • #194,542
  • Sep 4, 2009 8:20am Sep 4, 2009 8:20am
Quoting malcolmb14
Attachment
Thanks for the heads up regarding the bull Trap.
  • #194,543
  • Sep 4, 2009 8:21am Sep 4, 2009 8:21am
Quoting malcolmb14
sure ... liquidity even on ecn they move bid that fast you not get filled....almost gaps ... think that bid was not being changed by 30 pip a time ?
yups.. if you use market order, you might get some slippage but your order will definitely get filled. Forget that, let's just focus on the trade. Looks like it rebound at 23.6% fibo (118.80-163) @~152.7. Might be a bull trap, would like to see closed below 150.8 at least to confirm this.
  • #194,544
  • Sep 4, 2009 8:21am Sep 4, 2009 8:21am
Quoting PandoraBox
There are few method how to trade NFP new.

First Method :

Put Sell limit and buy limit 5 minutes before NFP news. Take profit only 20 pips. Used Big lot.
SL will have to be tight and that's not the best thing to do since it can whip furiously not to mention alotta brokers have increased spreads during this time.

Oanda strat: place box options around price. works best if NFP come out at expectation. Have to be careful though that the premiums paid don't burn you though.
  • #194,545
  • Sep 4, 2009 8:23am Sep 4, 2009 8:23am
anybody noticed the huge pin developing on the 8h closing in 35min? Sorry cant post a chrt at work but check it out.
S
  • #194,546
  • Sep 4, 2009 8:27am Sep 4, 2009 8:27am
Quoting Sunny66
Orion,
Parsdon my ignorance but would you please clarify what is going to happen with GY or GU if there is a breakout in DX?
Thank you
S
breakout DX 80 to 90 takes GU from 1.6300 to 1.5800 or lower and gj well .. the only thing keeping it form tanking is gu on support 1.6200 zone
Blogging daily now at www.volume.zone
  • #194,547
  • Sep 4, 2009 8:27am Sep 4, 2009 8:27am
Quoting Sunny66
anybody noticed the huge pin developing on the 8h closing in 35min? Sorry cant post a chrt at work but check it out.
S
nope.
  • #194,548
  • Sep 4, 2009 8:28am Sep 4, 2009 8:28am
Quoting Eulogy
SL will have to be tight and that's not the best thing to do since it can whip furiously not to mention alotta brokers have increased spreads during this time.

Oanda strat: place box options around price. works best if NFP come out at expectation. Have to be careful though that the premiums paid don't burn you though.
Or better yet, 1/2 hour before the report, got to your 4hr chart and see the ATR if that candle. place sell/buy stops--- 10-15 pips either side and take 20 pips [as recommended]

My calculated downside target is 148.80 before anything else happens.
--- Gone --- RIP 11/27/09
  • #194,549
  • Sep 4, 2009 8:28am Sep 4, 2009 8:28am
The profet speaks, and the prophecy got fulfilled, i am waiting for my $10 but i do accept starbucks gift cards/or visa/mastercard.:d
  • #194,550
  • Sep 4, 2009 8:28am Sep 4, 2009 8:28am
It's kind of funny, but the GY spread on Oanda did not fluctuate much at all today. Just a few seconds after the release my spread went back down to 4.5.

I did see 2 long positions I already had go from +60 to -30, but it is very common for price to reverse the initial NFP move, so took 2 more longs.
Rare, but NFP has been my best single trade of the week.
I wouldn't recommend this though.
  • #194,551
  • Sep 4, 2009 8:28am Sep 4, 2009 8:28am
Quoting Eulogy
SL will have to be tight and that's not the best thing to do since it can whip furiously not to mention alotta brokers have increased spreads during this time.

Oanda strat: place box options around price. works best if NFP come out at expectation. Have to be careful though that the premiums paid don't burn you though.

Depend on your TP, if your TP around 10 ~ 20 pips, when GJ spike up and down it will hit your TP. Easy money
  • #194,552
  • Sep 4, 2009 8:30am Sep 4, 2009 8:30am
Quoting malcolmb14
breakout DX 80 to 90 takes GU from 1.6300 to 1.5800 or lower and gj well .. the only thing keeping it form tanking is gu on support 1.6200 zone
Thanks
  • #194,553
  • Sep 4, 2009 8:30am Sep 4, 2009 8:30am
Quoting pirata
The profet speaks, and the prophecy got fulfilled, i am waiting for my $10 but i do accept starbucks gift cards/or visa/mastercard.:d
Care to make another prophetic proclamation about next week's price action. I'm sure Malc will indulge you.
  • #194,554
  • Sep 4, 2009 8:32am Sep 4, 2009 8:32am
Quoting malcolmb14
breakout dx 80 to 90 takes gu from 1.6300 to 1.5800 or lower and gj well .. The only thing keeping it form tanking is gu on support 1.6200 zone
attach your breakout box indicator
  • #194,555
  • Sep 4, 2009 8:32am Sep 4, 2009 8:32am
Quoting pirata
The profet speaks, and the prophecy got fulfilled, i am waiting for my $10 but i do accept starbucks gift cards/or visa/mastercard.:d
trade all your prohecies and your acc will be wiped soon
  • #194,556
  • Sep 4, 2009 8:32am Sep 4, 2009 8:32am
Quoting PandoraBox
Depend on your TP, if your TP around 10 ~ 20 pips, when GJ spike up and down it will hit your TP. Easy money
4h, north entry you need to pass double gates..
1. -> 152.74
2. -> 153.50

4h South, only DPP gate -> 150.80

Market doesnt look tooo excited on last NFP numbers///

let's play.. 147 is next

p
  • #194,557
  • Sep 4, 2009 8:33am Sep 4, 2009 8:33am
Quoting Piters
4h, north entry you need to pass double gates..
1. -> 152.74
2. -> 153.50

4h South, only DPP gate -> 150.80

Market doesnt look tooo excited on last NFP numbers///

let's play.. 147 is next

p

--- Gone --- RIP 11/27/09
  • #194,558
  • Sep 4, 2009 8:34am Sep 4, 2009 8:34am
Quoting pirata
The profet speaks, and the prophecy got fulfilled, i am waiting for my $10 but i do accept starbucks gift cards/or visa/mastercard.:d

who won?
MY OPINION NOT FINANCIAL ADVISE
  • #194,559
  • Sep 4, 2009 8:34am Sep 4, 2009 8:34am
Quoting IrishPips
Or better yet, 1/2 hour before the report, got to your 4hr chart and see the ATR if that candle. place sell/buy stops--- 10-15 pips either side and take 20 pips [as recommended]

My calculated downside target is 148.80 before anything else happens.
That's not trading, that's gambling...
  • #194,560
  • Sep 4, 2009 8:35am Sep 4, 2009 8:35am
Quoting Eulogy
Care to make another prophetic proclamation about next week's price action. I'm sure Malc will indulge you.
I asked him for address on PM so i can send $10 ....


next week new lows.... 147 for now

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