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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

EA for multiple lot limit order for EURUSD 0 replies

NFP nice bump up on EURUSD 2 replies

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  • Post #511,741
  • Quote
  • Aug 5, 2011 7:22am Aug 5, 2011 7:22am
  •  2+2=4ex
  • Joined Mar 2009 | Status: Trader | 6,418 Posts
Quoting attila
Disliked
i'm selling. butter?
Ignored
As the old saying goes... "just don't trust the first price."
 
 
  • Post #511,742
  • Quote
  • Aug 5, 2011 7:22am Aug 5, 2011 7:22am
  •  Icannaesee
  • | Joined Jan 2010 | Status: The Losses Wizard | 503 Posts
Quoting 2+2=4ex
Disliked
Everyone buy their popcorn?
Ignored
Mmmm ok now I gotta get me some caramel popcorn.
I operate with clear definite rules, if I break them I lose BIG!
Forex Wins Return This Week: na
 
 
  • Post #511,743
  • Quote
  • Aug 5, 2011 7:25am Aug 5, 2011 7:25am
  •  Larseg
  • Joined May 2009 | Status: Re-member | 6,497 Posts
Quoting deeZG
Disliked
now, while waiting for it...

so far we've been trying to predict what will it be after the NPF but regardless of the direction and the numbers - do you people have some strategy of trading NPF release? or just stay away until the storm is over?
Ignored

This is risky business but the way I did it, however not especially profitable but good enough on average with Oanda:

I took a pretended loss of 400 pips over 4 months,,, cause you want to be able to play at least 4 jobless news before increasing the amount (or decreasing) and you want to make 120-150 pips from each jobless..

Trade 1__ 0-4 minutes
I had the 10 sec chart going with Heiken Ashi and waited for 2-3 candles swapping colors before entering with a 100 pip SL and 40-50 TP level...

Trade 2___ reversal 4-8 minutes
Pretty much the same thing but dont jump the gun here..
When you think they are stacked they rarely are, you have to see the PA reaction also... another 40-50 pip TP

Trade 3____ is after 10-12 minutes where it normally has decided a direction and SLs are getting triggered.... This is where most people feel that its safe again...

This worked around 70% of the times for me so pretty good, Ill do it again today with a micro lot and then I can post the results...

PS: one loss and you go to bed...
 
 
  • Post #511,744
  • Quote
  • Aug 5, 2011 7:25am Aug 5, 2011 7:25am
  •  fxjawn
  • Joined Jun 2011 | Status: UN-RE-TIRED | 12,773 Posts
ill bid some butter.. my popcorn is the kind out of the tin can with a christmas tree painted on it.... its gross.. needs flavor
 
 
  • Post #511,745
  • Quote
  • Aug 5, 2011 7:27am Aug 5, 2011 7:27am
  •  T.E.Lawrence
  • Joined Jan 2009 | Status: Member | 3,071 Posts
Just closed my two failing trades, -55 pips, before NFP. I have this feeling it can shoot up:

Attached Image (click to enlarge)
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Size: 57 KB
 
 
  • Post #511,746
  • Quote
  • Aug 5, 2011 7:31am Aug 5, 2011 7:31am
  •  deeZG
  • | Joined Apr 2010 | Status: Member | 1,035 Posts
Quoting Larseg
Disliked
This is risky business but the way I did it, however not especially profitable but good enough on average with Oanda:

I took a pretended loss of 400 pips over 4 months,,, cause you want to be able to play at least 4 jobless news before increasing the amount (or decreasing) and you want to make 120-150 pips from each jobless..

Trade 1__ 0-4 minutes
I had the 10 sec chart going with Heiken Ashi and waited for 2-3 candles swapping colors before entering with a 100 pip SL and 40-50 TP level...

Trade 2___ reversal 4-8 minutes
Pretty much the same...
Ignored
nice one, thanks for the response!

i don't trade the first wave, i let it go. if it's long enough then i wait for the pullback and looking for an entry. obviously the premise is that the first wave is long enough to point the direction. that's not always the case, of course. if the first move is not so significant, i just don't trade it.

SL always very low (20-). if i get SLed - ready for bed, as you say.
big numbers are our friends...
 
 
  • Post #511,747
  • Quote
  • Aug 5, 2011 7:33am Aug 5, 2011 7:33am
  •  Mr Bull
  • | Joined Jun 2009 | Status: Member | 320 Posts
Quoting Larseg
Disliked
This is risky business but the way I did it, however not especially profitable but good enough on average with Oanda:

I took a pretended loss of 400 pips over 4 months,,, cause you want to be able to play at least 4 jobless news before increasing the amount (or decreasing) and you want to make 120-150 pips from each jobless..

Trade 1__ 0-4 minutes
I had the 10 sec chart going with Heiken Ashi and waited for 2-3 candles swapping colors before entering with a 100 pip SL and 40-50 TP level...

Trade 2___ reversal 4-8 minutes
Pretty much...
Ignored
Are you kidding? 10 sec. chart? Who are you? Some sort of hawk? You must have hawk vision to keep up with the move
 
 
  • Post #511,748
  • Quote
  • Aug 5, 2011 7:34am Aug 5, 2011 7:34am
  •  needpips
  • | Joined Apr 2011 | Status: Member | 4,789 Posts
Quoting deeZG
Disliked
now, while waiting for it...

so far we've been trying to predict what will it be after the NPF but regardless of the direction and the numbers - do you people have some strategy of trading NPF release? or just stay away until the storm is over?
Ignored
dont gamble....u can catch the meat of the move
 
 
  • Post #511,749
  • Quote
  • Aug 5, 2011 7:36am Aug 5, 2011 7:36am
  •  kbmoonshinex
  • Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
on 15 min time frame i see 3 double tops. but after 1 hour we have strong news..
looking for investors . pm me
 
 
  • Post #511,750
  • Quote
  • Aug 5, 2011 7:36am Aug 5, 2011 7:36am
  •  2+2=4ex
  • Joined Mar 2009 | Status: Trader | 6,418 Posts
Quoting Larseg
Disliked
This is risky business but the way I did it, however not especially profitable but good enough on average with Oanda:

I took a pretended loss of 400 pips over 4 months,,, cause you want to be able to play at least 4 jobless news before increasing the amount (or decreasing) and you want to make 120-150 pips from each jobless..

Trade 1__ 0-4 minutes
I had the 10 sec chart going with Heiken Ashi and waited for 2-3 candles swapping colors before entering with a 100 pip SL and 40-50 TP level...

Trade 2___ reversal 4-8 minutes
Pretty much the same...
Ignored
Most times I can't enter anything cause I lose connection. Even if I didn't lose connection the spreads make it too risky for me. So I set orders a few minutes before (and far away - 100 pips away) that way it can overcome a large spread and avoid head fake. For example: let's say price is at 1.4180. Set sell order at 1.4280 and buy order at 1.4080. Take profit 50 pips. If it hits it hits. If not then I cancel the orders.
 
 
  • Post #511,751
  • Quote
  • Aug 5, 2011 7:37am Aug 5, 2011 7:37am
  •  mohan76
  • Joined Jan 2011 | Status: Ordinary Members | 10,684 Posts
news channels making people panic, at least once per every 5 min. i am hearing double dip.
Mohan
 
 
  • Post #511,752
  • Quote
  • Aug 5, 2011 7:40am Aug 5, 2011 7:40am
  •  Traderji
  • | Joined Oct 2010 | Status: I like short shorts | 522 Posts
Quoting 2+2=4ex
Disliked
Most times I can't enter anything cause I lose connection. Even if I didn't lose connection the spreads make it too risky for me. So I set orders a few minutes before (and far away - 100 pips away) that way it can overcome a large spread and avoid head fake. For example: let's say price is at 1.4180. Set sell order at 1.4280 and buy order at 1.4080. Take profit 50 pips.
Ignored

Or you could get a decent broker who has enough liquidity that you don't pay insane spreads during news.
We're all stories in the end. Just try to make it a good one.
 
 
  • Post #511,753
  • Quote
  • Aug 5, 2011 7:42am Aug 5, 2011 7:42am
  •  forexclover
  • | Joined Jul 2010 | Status: Member | 266 Posts
Price did not passed 4178 area and IMHO, it is due for 4065.
If it break 4178 successfully, it will end up on 4300.
What you guys think?
Thanks..
totutu
 
 
  • Post #511,754
  • Quote
  • Aug 5, 2011 7:43am Aug 5, 2011 7:43am
  •  2+2=4ex
  • Joined Mar 2009 | Status: Trader | 6,418 Posts
Quoting Traderji
Disliked
Or you could get a decent broker who has enough liquidity that you don't pay insane spreads during news.
Ignored
Oh yeah? Like who?
 
 
  • Post #511,755
  • Quote
  • Aug 5, 2011 7:43am Aug 5, 2011 7:43am
  •  Larseg
  • Joined May 2009 | Status: Re-member | 6,497 Posts
Quoting deeZG
Disliked
nice one, thanks for the response!

i don't trade the first wave, i let it go. if it's long enough then i wait for the pullback and looking for an entry. obviously the premise is that the first wave is long enough to point the direction. that's not always the case, of course. if the first move is not so significant, i just don't trade it.

SL always very low (20-). if i get SLed - ready for bed, as you say.
Ignored

Sounds reasonable, just have to trade the reaction

and I think daily FX is faster than FF...

I use my stock platform which is as quick as it gets, doesn't help me though
 
 
  • Post #511,756
  • Quote
  • Aug 5, 2011 7:45am Aug 5, 2011 7:45am
  •  thatguynz
  • | Joined Aug 2011 | Status: Member | 16 Posts
Quoting mohan76
Disliked
news channels making people panic, at least once per every 5 min. i am hearing double dip.
Ignored
That's because that is what they perceive the situation to be and what will ensure that people keep watching. The simple fact is that to have a "double dip" recession, one would have to have exited the first recession which quite frankly despite the billions of dollars that Bernanke has printed, hasn't happened.

Secondly the situation today is considerably different from 2008/2009. Back then lending liquidity was the issue. Now there are close to 0% interest rates and the globe is awash with USD.

None of which is to suggest that the outcome will be any different but the circumstances certainly are. In simple terms, the can has been kicked another 24 odd months down the road and unless they continue to do so, the outcome will be much much worse... Artificial justification for QE3? You be the judge.

Just my 2c of course
 
 
  • Post #511,757
  • Quote
  • Aug 5, 2011 7:45am Aug 5, 2011 7:45am
  •  Mr Hatch
  • Joined Jan 2010 | Status: Member | 11,001 Posts
Quoting Larseg
Disliked
Sounds reasonable, just have to trade the reaction

and I think daily FX is faster than FF...

I use my stock platform which is as quick as it gets, doesn't help me though
Ignored
they sure do have much better hardware to keep it up and running.

btw: which platform are you using for stocks?
 
 
  • Post #511,758
  • Quote
  • Aug 5, 2011 7:47am Aug 5, 2011 7:47am
  •  Jackthepiper
  • | Joined Oct 2010 | Status: Member | 219 Posts
Short at 1.4169 within ten pips of daily high... SL at 1.4179(daily high).... TP: somewhere down there...

Worst case scenario: pair makes new high then a new low.
Attached Image (click to enlarge)
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Size: 44 KB
 
 
  • Post #511,759
  • Quote
  • Aug 5, 2011 7:47am Aug 5, 2011 7:47am
  •  pipsallday
  • Joined Jun 2011 | Status: You can if you think you can | 2,969 Posts
Quoting forexclover
Disliked
Price did not passed 4178 area and IMHO, it is due for 4065.
If it break 4178 successfully, it will end up on 4300.
What you guys think?
Thanks..
Ignored
hi there i took a short 4150 and its just srarted to fall as i wright this
Trade What You See Not What You Want To See
 
 
  • Post #511,760
  • Quote
  • Aug 5, 2011 7:49am Aug 5, 2011 7:49am
  •  forexclover
  • | Joined Jul 2010 | Status: Member | 266 Posts
Quoting pipsallday
Disliked
hi there i took a short 4150 and its just srarted to fall as i wright this
Ignored
Thanks bro for your opinion.
I have two shorts and closed one.
Short from 4163 closed.
Short from 4170 running.
totutu
 
 
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