Central Banks & Big Players

oanda spreads are broken, that's what I've been told tonight spreads are 10 pips lol its almost 8 pm here

oanda fixed their spreads, it's on!

I had enough connection problems with Oanda (where they said it wasn't their problem lol) that I dumped 'em finally.

the market is quiet, the first surprise might be coming soon if not it will be during the Manufacturing PMI

1st trade of the week


L method in effect 30 pips target

same method used in planned news trading

lost a pip (1) LOL.

second try

frustrating stuff to hit that 0$ loss SL

Bounced off 1.6400. Look for another possible short.

2 trades, account is down to 0.9955% not bad

the price bounced off that 1.6400 level

Typical GBP stuff

manually traced L levels

we're talking about precision here

Its almost like hitting a fastball. You're timing and read need to be dead on.

It's like any other sport. Takes practice. I remember back in the days reading some old time traders blogs'... people with like 12 years of experience giving reference at stock and forex trading as being a sport or any other complicated profession. I specially remember them saying it takes years to become a doctor or professional basketball player... it's the same thing with forex. Image all the work involved and stress in jobs like jet pilots, brain surgeons etc. ....you gotta put some work and good will in it

guess they decided to realease the news a couple minutes early.

no trade

it's always like this with this type of news stinger quote from forexfactory.com "Data is given to Thomson Reuters subscribers 2 minutes before the public release time listed on the calendar - early market reaction is usually a result of trades made by these subscribers. Above 50.0 indicates industry expansion, below indicates contraction. Full reports are only available via subscription;"

you can get more details on any given news by clicking the little ''details'' icon... I discovered it recently too

WHY WHY WHY!! break that 400 barrier!!!!