I make money anywhere in the world by taking orders
The System II (Yes with irony)
- #12,713
- Dec 16, 2009 5:38am Dec 16, 2009 5:38am
My initial thoughts are not to worry about the low impact ones on the FF calender but stay away from any Med or High?
Thanks
R[/quote]
I would agree with that. Don't enter positions near news marked in red on the FF calendar, even more so if a few are grouped for release at the same time.
Those in orange, not so bad but can still cause a surprise.
Biggest moves tend to be on on US non Farm payroll figures (on Fridays once a month) and interest rate decisions (not so much recently due to policies of low rates and a lack of any interest changes).
Also watch out for when Central Bankers (FOMC chairman, Bank of England, Committe memeber etc) make speeches too. They don't release figures, but 5 minutes in they can say something that can make a huge impact :"economy going well ladedahblahblahblah green shoots of recovery, and to aid this we will add to our quantative easing program." Watch the markets go on that one
Even if the news doesn't swing the market much, spreads will widen before and immediately after big news releases, so if you have tight stops then they're more likely to be hit as the spread widens massively and hits your levels, even though the price might not actually be moving.
Thanks
R[/quote]
I would agree with that. Don't enter positions near news marked in red on the FF calendar, even more so if a few are grouped for release at the same time.
Those in orange, not so bad but can still cause a surprise.
Biggest moves tend to be on on US non Farm payroll figures (on Fridays once a month) and interest rate decisions (not so much recently due to policies of low rates and a lack of any interest changes).
Also watch out for when Central Bankers (FOMC chairman, Bank of England, Committe memeber etc) make speeches too. They don't release figures, but 5 minutes in they can say something that can make a huge impact :"economy going well ladedahblahblahblah green shoots of recovery, and to aid this we will add to our quantative easing program." Watch the markets go on that one
Even if the news doesn't swing the market much, spreads will widen before and immediately after big news releases, so if you have tight stops then they're more likely to be hit as the spread widens massively and hits your levels, even though the price might not actually be moving.
- #12,714
- Dec 16, 2009 5:41am Dec 16, 2009 5:41am
I start 11.00 until 23.00 my time GMT+7,
Is it 1 hour before London ?
I don't care, but I can get profit during that time
(figure that ur self, London time confusing me
)
Very different system, oups..., I don't know if this is a system.
I know that, that was when fxachiles went lunch
or..
find underground Jhonny Walker black label
I wonder if you kept a diary of times when you trade, would it show that you hand back profits during 10am-noon?
Indonesia time, no way..
Musanto,
Not sure if you're agreeing with me or not r.e. trading times?
Yeah, I'm not too interested in working out Indonesian time in the same way you're not interested in working out London time-that stuff makes my head hurt
An interesting graph for you regarding volume etc-go to page 3
http://www.ny.frb.org/education/addpub/usfxm/chap3.pdf
Is it 1 hour before London ?
I don't care, but I can get profit during that time
(figure that ur self, London time confusing me
) Very different system, oups..., I don't know if this is a system.
I know that, that was when fxachiles went lunch
or..
find underground Jhonny Walker black label
I wonder if you kept a diary of times when you trade, would it show that you hand back profits during 10am-noon?
Indonesia time, no way..
Musanto,
Not sure if you're agreeing with me or not r.e. trading times?
Yeah, I'm not too interested in working out Indonesian time in the same way you're not interested in working out London time-that stuff makes my head hurt
An interesting graph for you regarding volume etc-go to page 3
http://www.ny.frb.org/education/addpub/usfxm/chap3.pdf
- #12,715
- Dec 16, 2009 6:00am Dec 16, 2009 6:00am
Hello to all,
Things to reflect upon:
Am I focused on learning instead of earning?
Am I trying too hard?
Am I trading scared?
Am I sticking to the plan or trying to optimize it?
Am I accepting my losses or going for revenge?
Am I blaming the market?
Am I being honest with my results?
Am I trading when perhaps I shouldn't ?
Am I trying to predict the market?
Am I addicted?
Things to reflect upon:
Am I focused on learning instead of earning?
Am I trying too hard?
Am I trading scared?
Am I sticking to the plan or trying to optimize it?
Am I accepting my losses or going for revenge?
Am I blaming the market?
Am I being honest with my results?
Am I trading when perhaps I shouldn't ?
Am I trying to predict the market?
Am I addicted?
Unus pro omnibus, omnes pro uno
- #12,718
- Dec 16, 2009 6:35am Dec 16, 2009 6:35am
you can have all mine...
Would like to thank... many members here for keeping the thread intact and alive... finally I have read most of the important points and will be posting soon.
Like so many of us here we have been taught to use indi's and not go naked... (I like being nude)... I mean I love the idea... trading only where the price has gone... nothing else.
I also trade on lower time frame infect the 1minute chart... but decided that its too fast and stressful... 5minute will suit me find...
Cheers