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yesterday high low system

  • #41
  • Jul 9, 2010 6:16am Jul 9, 2010 6:16am
Thanks for Your strategy! May I ask only one question. That the name of indicator which shows You daily pivot, daily R and S levels?
And last movement of CAD was realy powerful. That shows all importance of the news at trading. Thanks again.

Sorry for my english
  • #42
  • Jul 9, 2010 6:21am Jul 9, 2010 6:21am
Hi Swingtrader,

I took the same trade, sold U/C at 1.0378, quick 30 pips. I like this system, pure PA.....
  • #43
  • Jul 9, 2010 6:31am Jul 9, 2010 6:31am
Quoting Caillou
Hi Swingtrader,

I took the same trade, sold U/C at 1.0378, quick 30 pips. I like this system, pure PA.....
congrates on your first trade using this system,its all about news and PA
  • #44
  • Jul 9, 2010 7:08am Jul 9, 2010 7:08am
The Canadian dollar is surging on the back of a massive increase in jobs for June. Just moments ago, Canadian authorities reported a 93.2k increase on jobs for the month, crushing expectations for a 20.0k gain and the previous month’s 24.7k increase. The unemployment rate fell to 7.9% from 8.1% despite forecasts for no change. Full time job creation was at 48.9k compared to the prior 67.3k pickup, while part time employment advanced by 44.2k, reversing a 42.5k slide the month prior.USD/CAD surged 83 pips to 1.0342, bouncing off the intraday low on May 29. Next resistance lies at 1.0321.

source FF news
  • #45
  • Jul 9, 2010 9:39am Jul 9, 2010 9:39am
gbp is in tight range with three tops and three bottoms.
Attached Image (click to enlarge)
Click to Enlarge Name: rr.gif Size: 27 KB
  • #46
  • Jul 9, 2010 10:52am Jul 9, 2010 10:52am
Quoting ialexdr
Thanks for Your strategy! May I ask only one question. That the name of indicator which shows You daily pivot, daily R and S levels?
And last movement of CAD was realy powerful. That shows all importance of the news at trading. Thanks again.

Sorry for my english
yes thats pivot points
Attached File(s)
File Type: mq4 ###Auto Pivot2.mq4   16 KB | 667 downloads
  • #47
  • Jul 9, 2010 11:07am Jul 9, 2010 11:07am
Quoting swingtrader
yes thats pivot points
THX, useful indicator in this strategy.
  • #48
  • Jul 9, 2010 1:32pm Jul 9, 2010 1:32pm
Quoting swingtrader
excellent good news came for canada 70 pip move in 10 seconds
Thats a very interesting concept you have, congratulations. Could I ask, if the high or low of previous day has already been broken by the current price before any news announcements, I presume you don't take the trades. Is that correct?

Also do you trade any US news announcements?

Thank you
  • #49
  • Jul 10, 2010 12:13am Jul 10, 2010 12:13am
Quoting Waforex
Thats a very interesting concept you have, congratulations. Could I ask, if the high or low of previous day has already been broken by the current price before any news announcements, I presume you don't take the trades. Is that correct?

Also do you trade any US news announcements?

Thank you
If you will notice previous high and low is almost never broke before news announcement.

yes i do trade US news.
  • #50
  • Edited 4:00am Jul 10, 2010 12:15am | Edited 4:00am
gbp have broke the range which was there from 2 july to 9th july
Attached Image (click to enlarge)
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  • #51
  • Jul 10, 2010 4:28am Jul 10, 2010 4:28am
The more I play with it, the more I like your system, just PA, no lagging indicators. Simple, simple, simple... I think trade forex is easy if you want .
Next week I´ll pay attention to every new (high impact) in every pair in order to test seriously this strategy.

Thanks for sharing Swingtrader
  • #52
  • Jul 10, 2010 5:32am Jul 10, 2010 5:32am
Quoting Caillou
The more I play with it, the more I like your system, just PA, no lagging indicators. Simple, simple, simple... I think trade forex is easy if you want .
Next week I´ll pay attention to every new (high impact) in every pair in order to test seriously this strategy.

Thanks for sharing Swingtrader
will see you arround,your welcome.

next week is gonna be really busy with news.so stay tuned.
  • #53
  • Jul 10, 2010 7:03am Jul 10, 2010 7:03am
Quoting swingtrader
you are welcome,let me know what percentage of win you get if need some help or u have any query let me know any time.

Trade only high impact news(red flagged news on FF) and also use trendline to guide your trade.

Hi Swingtrader,

Yesterday was a good result for gu and ucad..thanks again
  • #54
  • Jul 10, 2010 7:35am Jul 10, 2010 7:35am
Quoting swingtrader
news came bad for canada.+40 pips,i closed the trade it might have more potential to go down.
Well in that case you have to place your bets before the news,

how you banking pips after the news? Pair will move quickly in seconds

I don't think it's possibly to take advantage of those moves after the

fact..

Can you share? Do you enter before or after the News? Or you placing limited/stop Buy Sell?

When pair is moving almost impossible to enter manually: "Off quotes" error.

P.S

Since you going for 20-30 pips, H4 probably usable only to view larger picture (zoom out), but

for those type of trades M15-M30 will do better job.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #55
  • Edited 11:31pm Jul 10, 2010 8:17am | Edited 11:31pm
Quoting SkyzerFX
Well in that case you have to place your bets before the news,

how you banking pips after the news? Pair will move quickly in seconds

I don't think it's possibly to take advantage of those moves after the

fact..

Can you share? Do you enter before or after the News? Or you placing limited/stop Buy Sell?

When pair is moving almost impossible to enter manually: "Off quotes" error.

P.S

Since you going for 20-30 pips, H4 probably usable only to view larger picture (zoom out), but

for those type of trades M15-M30 will do better...

I am just using 4hr charts,and i am placing my trades in few seconds after news
this is why i am just able to bank few pips if i can take full advantage of move, number of pips banked can be more.i do get slippage but its k i still do manage to get pips.
  • #56
  • Jul 11, 2010 10:47pm Jul 11, 2010 10:47pm
missed aus news for home loans
  • #57
  • Jul 12, 2010 1:35am Jul 12, 2010 1:35am
Hi Swingtrader,

Waiting for GBP news in 2 hours but PA is already below Yesterday´s Low (Friday) . Any suggestion to trade these news?

Thanks
  • #58
  • Jul 12, 2010 2:22am Jul 12, 2010 2:22am
most of all currencies are lower then fridays low,now lets see where does PA decide to go after news.
  • #59
  • Jul 12, 2010 3:13am Jul 12, 2010 3:13am
GBP before news,

there is some addition of EMA 5,20,40,60 to catch the move as soon as possible.
Attached Image (click to enlarge)
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  • #60
  • Jul 12, 2010 6:31am Jul 12, 2010 6:31am
Quoting swingtrader
GBP before news,
Can you please share your News source (link). Seems like you have

some kind of Global news pool.

Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
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