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Cleaning Up The News

  • #21
  • Nov 1, 2010 3:08pm Nov 1, 2010 3:08pm
Quoting jeppofx
Once the trade happens i will be looking for deviation from the forecast result. If no deviation occurs then all bets are off and we live to trade another day.
Could you give us the list of the magnitude of deviation you look for the news events you trade.

In case ur in the trade and when the news comes out the deviation is lower than you expected do you exit immediately irrespective of ur current p/l at the time
  • #22
  • Nov 1, 2010 4:16pm Nov 1, 2010 4:16pm
Jepofx, very interesting but i still have some questions.. If you set stops at S/R and you are already in the trade when news comes out, why do you need a fast news feed? I would have thought you would just manage the stops according to your post nº2. Can you clarify about the use of live news with a couple of examples? Thank you very much
"Hoe ur pips mate?" fxcarllos
  • #23
  • Nov 1, 2010 5:59pm Nov 1, 2010 5:59pm
Thanks, jeppofx.

pipsacker
  • #24
  • Nov 1, 2010 6:44pm Nov 1, 2010 6:44pm
Quoting goldsurfer
Can you recommend any websites not for pay? You can pm/ e-mail me if this breaks forum rules, not sure about rules for links.
No my news service is paid for worth the $$ though. Im sure im not breaking any rules trying to help you guys out. its web based and called Tradethenews
  • #25
  • Nov 1, 2010 6:47pm Nov 1, 2010 6:47pm
Quoting Carllos
Jepofx, very interesting but i still have some questions.. If you set stops at S/R and you are already in the trade when news comes out, why do you need a fast news feed? I would have thought you would just manage the stops according to your post nº2. Can you clarify about the use of live news with a couple of examples? Thank you very much
Carllos

Great question!. The simple answer is you need a good news service for when high impact news is coming out and there is NO minor S/R. Sometimes you will have to hit the market "live". Having a good news service gives you a tiny window to have a think about what you want to do. Will keep posting charts as i trade them!
  • #26
  • Nov 1, 2010 6:51pm Nov 1, 2010 6:51pm
Quoting fugly
Could you give us the list of the magnitude of deviation you look for the news events you trade.

In case ur in the trade and when the news comes out the deviation is lower than you expected do you exit immediately irrespective of ur current p/l at the time

gday fugly

Depends on how big the news is. Non farm for example is going to move pretty much always compare that to a high impact NZD news release you would be looking for a least 3 or 4 points deviation to enter the trade. Again having the news when it happens helps in making that decision.
  • #27
  • Nov 1, 2010 8:33pm Nov 1, 2010 8:33pm
Guys not a news trade but looking for the EUR to break out of minor S/R

Cheers Jeppo.

http://www.forexfactory.com/attachme...1&d=1288661553
Attached Image (click to enlarge)
Click to Enlarge Name: euro BO 2 11 10.jpg Size: 113 KB
  • #28
  • Nov 1, 2010 9:16pm Nov 1, 2010 9:16pm
Jeppofx

Could you share your money management, since a lot of docs that I read tells you could get easy money by trading the news.

I always tempted to use bigger lots sizes on the news that I feel will give a good result.
  • #29
  • Nov 1, 2010 9:58pm Nov 1, 2010 9:58pm
Quoting koi99
Jeppofx

Could you share your money management, since a lot of docs that I read tells you could get easy money by trading the news.

I always tempted to use bigger lots sizes on the news that I feel will give a good result.
Anywhere between 1% and 3% depending on how confident you are. Bigger LOT sizes will give you a good result IF you win. Bigger lot sizes will also destroy your account if your not careful.

If you cant trade consistantly on a demo account why would you even risk .01% of your real cash.

Demo first.. then small lot sizes and work your way up from there.
  • #30
  • Nov 1, 2010 10:31pm Nov 1, 2010 10:31pm
Today was easy trading the euro/usd after manu pmi news during the u.s. session...dollar got strong...& euro fell so made out with 70 pips
  • #31
  • Nov 1, 2010 11:43pm Nov 1, 2010 11:43pm
Quoting ferndog
Today was easy trading the euro/usd after manu pmi news during the u.s. session...dollar got strong...& euro fell so made out with 70 pips
great work!!. I just got a 50 point slippage on the aussie rate rise!!! not happy!!!
  • #32
  • Nov 2, 2010 9:22am Nov 2, 2010 9:22am
Here's yesterday: I am using the EA from the 'Simple London Breakout II', makes five trades of which target 1 & 2 were hit and the other three trades were stopped out for a small gain.

http://i914.photobucket.com/albums/a...g/News0111.jpg
  • #33
  • Nov 2, 2010 9:28am Nov 2, 2010 9:28am
Here's today: A false breakout cost me 5 x 14= 70 pips then the real breakout won 175 pips

http://i914.photobucket.com/albums/a...g/News0211.jpg
  • #34
  • Edited 5:13pm Nov 3, 2010 5:00pm | Edited 5:13pm
Gday guys. Better than expected data from the mighty kiwi. Shot her up faster than a red headed step child on roller skates!. Same as usual pending order above the minor support. Nothing fancy.. it just works!. EDIT: Closed +62 points.

Cheers Jeppo

http://www.forexfactory.com/attachme...1&d=1288821565
Attached Image (click to enlarge)
Click to Enlarge Name: NZD employment 4 11 10.jpg Size: 105 KB
  • #35
  • Nov 4, 2010 2:09am Nov 4, 2010 2:09am
[quote]Gday guys. Better than expected data from the mighty kiwi. Shot her up faster than a red headed step child on roller skates!. Same as usual pending order above the minor support. Nothing fancy.. it just works!. EDIT: Closed +62 points.[quote]


I think we should trade by the news on quiet hour, after NY close for better result.
For last night USD news, I'm quite happy not to go in because the market ranging madly.

Good job jeppo.
  • #36
  • Nov 4, 2010 5:52am Nov 4, 2010 5:52am
WTF? Thought she was moving like a retard on ice!?
  • #37
  • Nov 4, 2010 6:42am Nov 4, 2010 6:42am
haha you know how they can fall over!!?
  • #38
  • Nov 4, 2010 7:13am Nov 4, 2010 7:13am
Took this one live with the MYFX overlay.. no real S/R to setup on. Traded the spike for +29. USD is getting beaten like a red headed fat boy in a candy store!.

http://www.forexfactory.com/attachme...1&d=1288872750
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Asset Purchase Facility 4 11 10.jpg Size: 108 KB
  • #39
  • Nov 4, 2010 9:26am Nov 4, 2010 9:26am
[quote=koi99;4146188][quote]Gday guys. Better than expected data from the mighty kiwi. Shot her up faster than a red headed step child on roller skates!. Same as usual pending order above the minor support. Nothing fancy.. it just works!. EDIT: Closed +62 points.
Quote


I think we should trade by the news on quiet hour, after NY close for better result.
For last night USD news, I'm quite happy not to go in because the market ranging madly.

Good job jeppo.
That was a crazy event my friend!. Glad i was sound asleep for it all!. Most people who tried to trade that took a hit!.
  • #40
  • Nov 5, 2010 8:18am Nov 5, 2010 8:18am
Hi jeppofx,
thanks for shering.. I followed your method on NFP today...
and worked fine! ;-)

Put my orders above and below... and took my 40 pips profit.. easy this time!
See attached screenshot!

Many pips
Indiana
Attached Image (click to enlarge)
Click to Enlarge Name: imm.gif Size: 21 KB
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