Central Banks & Big Players

I'm using this system since 23.03.2012 and It didnt happen a single win

Here you guys can follow the system every open

http://www.myfxbook.com/members/jona...dator75/277612

I refound some money (i havent much). I think im going to take a breath when first epic win occur because my GF is looking at my profit curve and making a "trollface" at the same time.

I changed the stop to 1,2 + spread (Im going to use this starting today), and it touched due to a reverse. Lets see NY. The funny part of this is that i'm using 50:1 so every 140 win represents like 57%, vs -19.32% drawdown I already have. IDK if change to a 1:100 broker to win twice since i cant refund, because now my drawdown, accordin to math, would be 38,6.I think no lol. I read trought post that some use a tp of 20. Im thiking about doing, because the drawdown is lesser. I have a lot of questions here, lets wait for a epic and think then, if the epic comes at time..!

Ready for NY (im not going to tell everytime when i'm looking for an enter but you guys can follow at myfxbook link)

Stopped (around 1 pip)

floating at 50 pips with old technique

which old?

Damn, 1 month ago I was looking for a simple system and I found this with a lot of confidence. I think i'm going to make my owns calculations because somehow seem that are a lot of techniques, with a full spectrum of possibilites, relating to the stop loss, definition of initial direction, which opens and et cetera.


Firstly I though the initial direction was the first tick, and I wasn't correct because later I read that the initial direction's definition is the first 2 pip from open's price. Some people said that the 2 pips must be in a single candel, but in other hand I cant enter simply when I see 2 pip candle because it not means below, but the consequence candles after.

I don't care about drawdown perhaps because im not aware that the market has changed and maybe I must adapt some rules.

In the firsts posts from 180 Tony uncorked bottles of liquor of low volume and I just want to do same!

I must focus.

The people, the fear and the drawdown dont determine whether or not I operate, but If really the system had lose it math over time and market changes, I would like to know now and not when I have lost the little money I have.. And if that still works, wich are the specific rules to the days of today?

good news

here is a partial list of my favorite news events

USD PPI m/m + Trade Balance
USD Core CPI m/m
EUR German Ifo Business Climate
GBP Current Account
USD FOMC Meeting Minutes
CAD Employment Change
USD Non-Farm Employment Change
CAD BOC Rate Statement

Cool open. I have the feeling that as time passes using this system I'm able to identify better the "first direction". Well, al least today is impossible to lose to me because I engaged the 0sl too at London.

http://fotos.subefotos.com/fd2cb232a...ea5780eddo.png

I'm having a row of 0sl and that's nice. Im a bit happy but I know that in a short im going to be a bit unhappy. Anyways, I'm going to take this moment because everything is done for today

The cool of this is that's a concept and not a system, so you can apply in function of your trading style. You can't use larger tf's because you destroy the concept but you can make 2 trades per day like me or you can stick to your computer first 4 hour of each open to look for +10 candle to notice the begin of volatility and make a 0SL, or you can only see high volatility news, et cetera.

I didnt make any profit yet, but what i'm trying to say is that all of this make sense. The man is not how I like. Surely that post will fill when I or tony or anyone who is following this concept to make a profit and says it, and suddenly everyone starts enthusiastically follow the system for 2 days, maximum, then finish as for now, until another win. I know how this works, but certainly the man is not how I like.

This is strange. The price didn't reach to the stop level at the moment i'm showing in the screen, but the order just closed like if it reached.


http://www.subirimagenes.net/picture...dd17e4ec71.png

Instead of candles or bars switch to min/max and it will show you if the spread was wide enough to tag your sl.

Thanks buddy. Im going to make some stadistics of losses by the way, to think about it.

Since the nº of dollars invested doesn't matter, the core question is the money management, or better said, the order management. Im on 1.2 pips + spread stop loss now, and im losing about 50% less than at start (because i followed the 2 pip + spread, but nowadays you cant do it due to higher spread)

Actually with that stop, im moving 1/3 stop loss every 2 pips to my favor. I dont calculate exactly but I look the separation between stop and order price and I divide by 3 mentally moving.

I dont know if its better to do this, evading the pullback that usually occur time after the opening (not everytime) or directly put 0SL immediately as fast as you can.

I have a question too:

Someone else is using this system? I saw a lot of participation in some people before . When and why they stopped?

As you can see, my drawdown begins to be higher than 20%. (http://www.myfxbook.com/members/jona...dator75/277612) I have enough confidence yet because I have seen several statistical studies of people in this topic, but hey .. I think as only takes me 10 minutes on average per day to operate and leave 0 when I can, I dedicate to other things besides, for if I end up losing. I will not stop operating, and in principle this works according to Tony, so im religiously following and operating all the openings, sticked to rules. I have not won since 23 last month any epic win, but I do not care. Let's see.

Money management is critical in trading otherwise your just gambling.
Just be aware that Oanda's spreads can widen during news events normally 10 pips and I've seen it go up to 30 pips even...
Good trading to you.

I'm thinking about watching the first 4 hours of both openings and open after a continuation after a candle of +10 pips, but the question is: May I wait to the epic win first and then use both systems or start tomorrow?

The only reason I can think to wait for the epic win and start both systems, is that right now I'm in a fairly advanced drawdown, or at least it seems to me, im not very experienced with this.

Here is what I suggest out of almost a decade of experience:
go with the opens... the ny open, or place 1 trade at 10 am eastern time with maximum sl 1.5... minimum TP would be 200 pips...

If you attempt to trade with the big 5 second candles... you'll get ruined, you're account will reach 100$.... it takes more experience

What do you think about my account development? You can see it 1 page before because I linked to myfxtrade.

PD: Let's see LO

EDIT: Ok, 0SL and platform closed, let's breakfast and wait.

Lo touched 0 sl, and now I have this situation in NY (0 sl too):


I drawn some points that seem interesting to me and I want to share with you:

1º. At this point I was not sure because the price was too loud, like stalactites seemed about to break, and thought that It could make moves that are strong in appearance but not in the background.

2º. I decided to open the operation, and I began to see a very low volatility. You see, before those candles upward, past barely reach 0.5 pips, which suggested good sign; I spotted some consistency.

3º. I read a while tony system called "L", and this seems an inverted L type, which in this case would be bullish. It have come to my mind, just that.


So I have a 0 stop, and platform closed. Good day.

http://www.subirimagenes.net/picture...0b7739f869.png

you will blown your accounts trading in this way