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  • #1,501
  • Mar 2, 2010 2:39am Mar 2, 2010 2:39am
Quoting DannyW
Nothing looked good for me, no nice big bites, might try a different bait.
ar you referring at this morning london open or at this whole method?
Don't give up
  • #1,502
  • Mar 2, 2010 2:51am Mar 2, 2010 2:51am
Quoting geomink
ar you referring at this morning london open or at this whole method?
london open, this method is good and I relate it to trying to catch a fish.
  • #1,503
  • Mar 2, 2010 2:54am Mar 2, 2010 2:54am
Quoting DannyW
london open, this method is good and I relate it to trying to catch a fish.


do you use it in other pairs or situations?
Don't give up
  • #1,504
  • Mar 2, 2010 3:02am Mar 2, 2010 3:02am
I have been watching in the background for a while and have only really just started to forward test on a demo account.

I,m also keeping a record of the action after news spikes, looking for entries for the related pair.

Note I,m not trying to get in on the spike, its about picking up what the real traders are doing when the spike finishes.
  • #1,505
  • Mar 2, 2010 3:18am Mar 2, 2010 3:18am
Quoting DannyW
I have been watching in the background for a while and have only really just started to forward test on a demo account.

I,m also keeping a record of the action after news spikes, looking for entries for the related pair.

Note I,m not trying to get in on the spike, its about picking up what the real traders are doing when the spike finishes.
it's the same for me, exactly
yesterday I catched my first fish on G/U
30 pips (only)
better than nothing
Don't give up
  • #1,506
  • Mar 2, 2010 7:19am Mar 2, 2010 7:19am
are we extend this method to catch the move after news release? how is the spread and slippage status during news release?
  • #1,507
  • Mar 2, 2010 7:30am Mar 2, 2010 7:30am
Quoting henryloving
are we extend this method to catch the move after news release
this is what I'm understanding about

Quoting henryloving
how is the spread and slippage status during news release?
the method is to use AFTER the news, not DURING; so the spread is returned normal

this is what I see
Don't give up
  • #1,508
  • Mar 2, 2010 7:30am Mar 2, 2010 7:30am
is the CAD Overnight Rate tradable??
Don't give up
  • #1,509
  • Mar 2, 2010 8:51pm Mar 2, 2010 8:51pm
Quoting erikte279
Buy the aud now...buy buy buy buy :d

lol makes me laugh everytime.... lol I give you authorisation to add COLOR in your advertising
Invest in alarm clocks
  • #1,510
  • Mar 2, 2010 8:55pm Mar 2, 2010 8:55pm
Quoting henryloving
are we extend this method to catch the move after news release? how is the spread and slippage status during news release?

yep, trading exactly at news release can make you $ if you're lucky, but these are your obstacles: huge spread ( no opportunity for small SL), slippage, whipsaws... the worst enemies. You might want to wait until spread is back to normal and wait for a nice big candle to enter with a minimal stop-loss. After big news, currencies are very volatile
Invest in alarm clocks
  • #1,511
  • Mar 3, 2010 2:44am Mar 3, 2010 2:44am
Tony i just started with your method, and I have one question, do you look for trend 5m,15m and you are carefull playing against it, or you just have to see that big candle? Let say we are going up up up for 20min and than you see 7pips candle short to you go short or not. I think that the best thing to enter is when market is not moving at all and than you see big long candle??

can you give me some more information what are the things you should know before entering??

tnx in advance..
  • #1,512
  • Mar 3, 2010 2:51am Mar 3, 2010 2:51am
tony and btw..that is not how the big players and central banks play the game, that is how they are making the game..they do not look for that move, they MAKE THAT MOVE ))

tnx tony..i was looking for method based on volume becouse when big fishes enter the game the market will go that way..but i just didnt find the way how to find volume..
  • #1,513
  • Mar 3, 2010 4:52am Mar 3, 2010 4:52am
Thanks mates,

I got it. another question to Tony, I has been watching NY open for several days, I have not seen 5 greater pip range at EURUSD or 10 greater pip in GBPUSD. Would you please confirm my observation if you also watching at this moment?

And is it the reason we extend this method after news release?

Thanks, Henry

Quoting Tony112
yep, trading exactly at news release can make you $ if you're lucky, but these are your obstacles: huge spread ( no opportunity for small SL), slippage, whipsaws... the worst enemies. You might want to wait until spread is back to normal and wait for a nice big candle to enter with a minimal stop-loss. After big news, currencies are very volatile
  • #1,514
  • Mar 3, 2010 4:56am Mar 3, 2010 4:56am
Quoting henryloving
I has been watching NY open for several days, I have not seen 5 greater pip range at EURUSD or 10 greater pip in GBPUSD. Would you please confirm my observation if you also watching at this moment?
me neither

same doubt
Don't give up
  • #1,515
  • Mar 3, 2010 5:06am Mar 3, 2010 5:06am
I have only be following, london open and haven,t seen any entries this week.
I,m in bed when NY opens.

The news has given me one great trade this week paying 120 pips

My other news trade was stopped out @ break even.

Pretty happy with those results considering NFP is due this week and the market does tend to be more ranging in the lead up.
  • #1,516
  • Mar 3, 2010 9:28am Mar 3, 2010 9:28am
is it all calm down??

Don't give up
  • #1,517
  • Mar 5, 2010 6:46am Mar 5, 2010 6:46am
so quiet, maybe before the coming storm...?
which way it will go..
will Tony and us make money...?
  • #1,518
  • Mar 5, 2010 8:12am Mar 5, 2010 8:12am
not very big thing happend, got few pips here and there but nothing big, how's yor score laths
  • #1,519
  • Mar 5, 2010 10:04am Mar 5, 2010 10:04am
good weekend aall
Attached Image (click to enlarge)
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Invest in alarm clocks
  • #1,520
  • Mar 6, 2010 10:16am Mar 6, 2010 10:16am
Hi, Tony,

I have been following this thread just a few weeks and am a newbie trader.
I am not certain by this chart what exactly you are showing us.

I thought you used the 5 sec chart and a 2 or 3 pip stop and I don't see anything resembling here.

Please help me to understand what you are showing with this?

Maybe that an hour after NFP is when to get in using your system ???

Probably not, that was a wild guess.

thank you for a response !!!

PattyFL
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