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Central Banks & Big Players

  • #981
  • Nov 18, 2009 1:12am Nov 18, 2009 1:12am
Hey guys I'm pretty new to this system... just started reading it yesterday...

Thx for all the valuable inputs! Will be putting it to good use in the days to come!
  • #982
  • Nov 18, 2009 1:46am Nov 18, 2009 1:46am
nice try. small losses TP were 200 pips
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  • #983
  • Nov 18, 2009 1:47am Nov 18, 2009 1:47am
Quoting antinomian
Hey guys I'm pretty new to this system... just started reading it yesterday...

Thx for all the valuable inputs! Will be putting it to good use in the days to come!

Welcome! good learning!
Invest in alarm clocks
  • #984
  • Nov 18, 2009 1:50am Nov 18, 2009 1:50am
20 mins have passed since The News came out, spread is still at 4.5 on GBP/USD

It's about time I start looking for another broker
Invest in alarm clocks
  • #985
  • Nov 18, 2009 1:57am Nov 18, 2009 1:57am
target 300 pips
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  • #986
  • Nov 18, 2009 1:58am Nov 18, 2009 1:58am
NOTICE late entry because of thread typing
Invest in alarm clocks
  • #987
  • Nov 18, 2009 7:53am Nov 18, 2009 7:53am
I have been a lurk-mcGlurk long enough.

Since I want to grow up to be just like tony, I have been working on an EA based on his principles...

No 5sec chart in MT, BUT I can watch each and every tick with an EA... So I keep the last n number of ticks and their timestamps in a static array. Then we look at the movement over time. The EA has thresholds set for n number of pips over n number of seconds... Right now my EA doesnt trade but it lets us know if it hit the thresholds...
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  • #988
  • Nov 18, 2009 10:46am Nov 18, 2009 10:46am
little more about the 'alpha' version of this ea... There is another threshold setting to detect 'basing' patterns; meaning periods of little variation. You have to be 'basing' to trip the breakout signal. This appears to need some tweaking.
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  • #989
  • Nov 18, 2009 1:18pm Nov 18, 2009 1:18pm
Quoting Tony112
20 mins have passed since The News came out, spread is still at 4.5 on GBP/USD

It's about time I start looking for another broker
I am setting up NinjaTrader this week to trade with ecn PFGBest broker. Low spreads but $10commission per 1 standard lot on ninja trader.

Ninja trader is the only other option i know of to trade 5 sec charts besides Oanda. I'll keep posted on my experience with this setup. Leverage is only 100x but thats the max with any ecn broker.
  • #990
  • Nov 18, 2009 3:55pm Nov 18, 2009 3:55pm
Quoting darkness
I am setting up NinjaTrader this week to trade with ecn PFGBest broker. Low spreads but $10commission per 1 standard lot on ninja trader.

Ninja trader is the only other option i know of to trade 5 sec charts besides Oanda. I'll keep posted on my experience with this setup. Leverage is only 100x but thats the max with any ecn broker.
Im pretty sure Esignal has 5 sec charts. Quote tracker is another option. As for lowest spreads/commisions, Interactive Brokers is the best, but they are notorious for having bad customer service towards newbies. If you need hand holding do not use IB.
  • #991
  • Edited 5:05pm Nov 18, 2009 4:51pm | Edited 5:05pm
Hello Tony, i just finished the whole thread

Would you give me an rough estimate of your win / loss ratio.
It seems with your latest charts, that you dont move your stop to BE.
Do you have too much cash to give for a charity? I understand you want to give the trade more breathing room, but would it be better to move it BE always after +10 pips?

Best thing about this method IMHO is the super Win/Loss ratio.
Will try this method today when europe opens

Keep it simple :nerd:

http://img.skitch.com/20091119-bwa1d...i2wj5ur9eu.jpg
  • #992
  • Nov 19, 2009 12:22am Nov 19, 2009 12:22am
Howly hell. Opened short position five minutes before london open(saw the first 10+ pip drop), Lightened 50% of my position at +30 pips, and trailed in rest of my profits at +40. Currently its hovering at +50 pips. Nice drop!

I could have left my stop loss at BE too. I have my TP at the last resistance level on the hourly. Sweet price action! Now back to bed
  • #993
  • Nov 19, 2009 6:00pm Nov 19, 2009 6:00pm
Yo Tony, how is it going?
  • #994
  • Nov 19, 2009 6:18pm Nov 19, 2009 6:18pm
Quoting johto
Yo Tony, how is it going?

I'm fine ... waiting for the perfect setup.... this week's been quiet but at least i'm in profit
Invest in alarm clocks
  • #995
  • Nov 19, 2009 7:21pm Nov 19, 2009 7:21pm
Remember people: 10 pip candles are effective between 3 am - 8 am EST Time.
Invest in alarm clocks
  • #996
  • Nov 19, 2009 7:23pm Nov 19, 2009 7:23pm
I dedicate this song to my 5 sec. chart that I truly love and all fx traders

Inserted Video


I'll definitely will be watching you, my chart
Invest in alarm clocks
  • #997
  • Nov 19, 2009 9:13pm Nov 19, 2009 9:13pm
i,m in at 1.6673
  • #998
  • Nov 19, 2009 9:19pm Nov 19, 2009 9:19pm
Quoting kareem
i,m in at 1.6673
Why?

Oh, i just noticed that drop down, isnt it a little too early(not yet london open)?
Also, there doesnt seem to be good price continuation or fast price action...
ps. Im just looking the price, and it seems to be heading back up. Good luck

EDIT: LOL, I was looking at the EUR/USD chart , but still its better to wait for London open.
  • #999
  • Nov 19, 2009 9:20pm Nov 19, 2009 9:20pm
Quoting kareem
i,m in at 1.6673

I'll hope for you kareem. The volatility that followed that candle was as weak as the one preceding it... showing the importance of trading during high volatility times like the London Open. I took the trade too for fun with half a lot

total loss: 1 pip - target aimed: 200 pips trade failed.
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  • #1,000
  • Nov 19, 2009 9:30pm Nov 19, 2009 9:30pm
on the London open this candle would have caused a major move
Invest in alarm clocks
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