Central Banks & Big Players | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How do you know all the positions held by big players? 25 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Central Banks and Big Players: Slight change in code reqd 7 replies

Japanese housewives are wrecking the forecasts of big players! 25 replies

Big players and Forex 4 replies

Attachments: Central Banks & Big Players
Exit Attachments

Central Banks & Big Players

  • #781
  • Oct 27, 2009 9:36am Oct 27, 2009 9:36am
L method in effect on CB Consumer Confidence... after spread has been lowered

floating at 30 pips after 30 mins... target: 100 pips
Attached Image (click to enlarge)
Click to Enlarge Name: untitled3.JPG Size: 85 KB
Invest in alarm clocks
  • #782
  • Oct 27, 2009 9:43am Oct 27, 2009 9:43am
Quoting Tony112
L method in effect on CB Consumer Confidence... after spread has been lowered

floating at 30 pips after 30 mins... target: 100 pips
I missed this one but tried to enter too late. Got burned!!!

Need more experience to trade the 5 senconds chart. Everything just happens too fast for me to handle right now.
  • #783
  • Oct 27, 2009 9:44am Oct 27, 2009 9:44am
I took the same entry and got out with 20 pips. Unfortunately I had switched to simulator mode so its not worth anything but practice.
  • #784
  • Oct 27, 2009 9:49am Oct 27, 2009 9:49am
Quoting stinger88
I took the same entry and got out with 20 pips. Unfortunately I had switched to simulator mode so its not worth anything but practice.
LOL....

It happened to me yesterday too.

I started trying this strategy yesterday, and made plenty of mistakes so far. I switched between different currencies and the grid interval changed after switching, but I didn't know that and thought the price was flying, so jumped in and found out the grid was set to 2 pips. Damn it! I made the same mistakes 3 times yesterday and cost me 5% of my account.

Anyway, the strategy is sound, it really needs practice!
  • #785
  • Oct 27, 2009 11:20am Oct 27, 2009 11:20am
Quoting stinger88
I took the same entry and got out with 20 pips. Unfortunately I had switched to simulator mode so its not worth anything but practice.

Practice is a good as gold. It's not about the profit you made or not... I really think that even if you trade with a 40 $ account or practice account, the most important thing is to notice constant growth .... if you have this sooner or later your account will take off to unseen hights - even with a small starting balance... There is one thing I will suggest to you: It's always better to trade on a real account, even if it's a 20 $ account playing with 1/10 of a lot.... why? because playing on a practice account, you will never worry too much... Even if you think that you would act exactly the same as if it was a real account, unconsciously, you wont. Because you know it's not real money. But on a real account, even losing $0.50 because of a trade would bother you a little... this applies to a millionaire and a normal person... that's why when I switch to a practice account.... I use a 100$ balance ... it's just my opinion
Invest in alarm clocks
  • #786
  • Oct 27, 2009 11:37am Oct 27, 2009 11:37am
totally agree tony, I used demo and had no problems, so went live too soon n bang hit me in the face. So reduced my pip sizes. Started trading 10p a point for a couple of weeks. Gradually increasing. Now well its much larger! But it sure does help...

Oz
  • #787
  • Oct 27, 2009 1:08pm Oct 27, 2009 1:08pm
Hi Tony,

Have you thought of only trading this system at scheduled news release time, so that you can sleep more? Have you calculated the percentage of your news trade (out of total number of trades). If you found most of your trades are news trade, then why not trade news only?

Baby
  • #788
  • Edited 8:15pm Oct 27, 2009 7:50pm | Edited 8:15pm
Had a good trade on the AUD news just now using the L mothod. The spread was crazy 20 pips at the begining!!! So I waited until it cooled down and got in.

Many thanks to Tony for teaching us your systems.

I only took 15 pips though, because the news should be good for the AUD, it is wrong direction, so I got out earlier.

If you trade long term as well like me, then it is good time to buy low again after this down move, since the AUD will soon move up faster and harder to the parity! (My opinion)
  • #789
  • Oct 27, 2009 8:01pm Oct 27, 2009 8:01pm
It dropped down a nice 70 pips on good news!! Strange...

Oh well i missed this one
Oz
  • #790
  • Oct 27, 2009 8:18pm Oct 27, 2009 8:18pm
It looks like the big players think the AUD is too high, same as the EUR and gold.

So they are all retracing now.

Quoting ozzieb88
It dropped down a nice 70 pips on good news!! Strange...

Oh well i missed this one
Oz
  • #791
  • Oct 27, 2009 9:04pm Oct 27, 2009 9:04pm
No action from the NZDUSD Night night see you in the morning!
  • #792
  • Oct 28, 2009 4:35am Oct 28, 2009 4:35am
Quoting Baby001
If you trade long term as well like me, then it is good time to buy low again after this down move, since the AUD will soon move up faster and harder to the parity! (My opinion)
Just read bloomberg, last night news signals slowest inflation pace in decades, that is why it fell. This could be a huge retrace.
  • #793
  • Oct 28, 2009 7:11am Oct 28, 2009 7:11am
Quiet night. Getting ready for the news at 830am. Lets hope we see some action
  • #794
  • Oct 28, 2009 8:34am Oct 28, 2009 8:34am
look out! resistance
Attached Image (click to enlarge)
Click to Enlarge Name: 108.JPG Size: 85 KB
Invest in alarm clocks
  • #795
  • Oct 28, 2009 8:38am Oct 28, 2009 8:38am
10 pip bar are are found at important levels the banks love support and resistance it's their favorite candy


took 30 pips on it
Invest in alarm clocks
  • #796
  • Oct 28, 2009 8:40am Oct 28, 2009 8:40am
1.6380 is imporant too watch out
Invest in alarm clocks
  • #797
  • Oct 28, 2009 9:26am Oct 28, 2009 9:26am
On posted charts I don't see that you enter after 10 pips candle - usually you enter adfter 5 pips candle. Could you explain that in regard to the rules posted in the 1st post?
  • #798
  • Edited 1:18pm Oct 28, 2009 9:38am | Edited 1:18pm
The 10 pips candle rule is a newer rule. Originally he looked for a series of candles, that is why you see lots of 5 pips candles in his early charts.

I believe recently he enters on 10 pips candle or close to 10 pips.

Quoting T.E.Lawrence
On posted charts I don't see that you enter after 10 pips candle - usually you enter adfter 5 pips candle. Could you explain that in regard to the rules posted in the 1st post?
  • #799
  • Oct 28, 2009 11:40am Oct 28, 2009 11:40am
Quoting T.E.Lawrence
On posted charts I don't see that you enter after 10 pips candle - usually you enter adfter 5 pips candle. Could you explain that in regard to the rules posted in the 1st post?
Its been explained in previous posts.
  • #800
  • Oct 28, 2009 2:34pm Oct 28, 2009 2:34pm
hi guys, sorry if you have already found this out. But I trade 5min trendline and channel breaks. I decided to watched the price bouncing up and down channels and decided to drop to the 5sec to see if we could use the 10pip theory on breaks...to try and not enter false breakouts. And well it might have been luck but it worked! 5 trades and all wins.... Would anyone else like to help test this with me?

Oz
Oz
13 traders viewing now