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Central Banks & Big Players

  • #6,661
  • Sep 5, 2012 8:10am Sep 5, 2012 8:10am
Quoting Tony112
a win situation right now
well, you must be lucky as there was to pip move down first and as I enter after one pip it was surely not good for me I am glad that the ea managed to put a sl on as it rocked up after that immediatly.
  • #6,662
  • Sep 5, 2012 8:51am Sep 5, 2012 8:51am
Ditto that. Looks like the rules are not being followed anymore Desperation... I must say, last month was pretty dry.
  • #6,663
  • Sep 5, 2012 9:54am Sep 5, 2012 9:54am
Quoting Tony112
a win situation right now
I saw that, but I entered long after seeing 2 pips and then there was a small 'flash crash' that stopped me out.
  • #6,664
  • Sep 5, 2012 9:56am Sep 5, 2012 9:56am
Quoting Tony112
a win situation right now
Tony, what are yoru current entry rules that are you are using - are you using the 5-pip candle rule, or are you just entering at the first direction you see, etc? I know you are using the 400-TP rule to exit but how are you entering?
  • #6,665
  • Sep 5, 2012 2:37pm Sep 5, 2012 2:37pm
Quoting Tony112
for those interested, I will soon be posting the original version of the 5 pip candle breakout... the technique that got me my first 20k back in the days... to use at your own risk. it will be available on my first post in the next weeks to come
I am interested. Still waiting.
  • #6,666
  • Sep 5, 2012 4:50pm Sep 5, 2012 4:50pm
I think that main entry rule is and should be common sense. Guys don't ask for rules all the time, don't ask what to do. Everything was said few times, try to feel the market, or find your own rules. Repeting something without understanding or feeling will not lead you to succes. It's like trying to remember only results of some exercise during studying mathematics without understending the process of getting those results. Numbers will change and you will not be able to solve the same task again.

And once again, i threat this thread like something more than just description of some trading system... this thread represents some kind of lifestyle, brand new way of trading, great idea of trading-add your rules to this idea (small losses, epic wins, trading 2 times per day)

I made my own rules of entry, exit and trading at all.

And i just want to thank Tony for this spark, this idea of trading this way.


BTW, guys did you know song called : Rainbow in the dark by DIO?

And forgive me my language i hope that everyone will understand.
  • #6,667
  • Sep 5, 2012 6:21pm Sep 5, 2012 6:21pm
Quoting Lukaszmiami
I think that main entry rule is and should be common sense. Guys don't ask for rules all the time, don't ask what to do. Everything was said few times, try to feel the market, or find your own rules. Repeting something without understanding or feeling will not lead you to succes. It's like trying to remember only results of some exercise during studying mathematics without understending the process of getting those results. Numbers will change and you will not be able to solve the same task again.

And once again, i threat this thread like something...
Hi Lukas, I agree generally with what you are saying, but as someone who has been active in this thread over the past 6 months, I can tell you that Tony's approach has changed from time to time and I wanted to see what he was doing and compare notes to what I am currently doing. Thanks
  • #6,668
  • Sep 5, 2012 10:05pm Sep 5, 2012 10:05pm
Hello, I know that times have been rough recently with the poor NY and LO opens. I see some of you are disappointed because the trades I post are irregular and do not follow page no1. Keep in mind that my first stacks were made with bursting 5 pip candles... just like in my last posted chart. These are the NY classics... I have won a lot and lost a lot with them. It's very hard to trade this way... it takes screen monitoring for not less than 6 hours per day... not all 5 pip candles will succeed in break-outs.. it's very hard to trade like that and it can lead in complete failure. A result of lost patience and compulsive trading... for those interested... I will re-explain the method but I believe it's represented many times in the thread.
Invest in alarm clocks
  • #6,669
  • Sep 5, 2012 10:09pm Sep 5, 2012 10:09pm
Quoting SmartGXL
Tony, what are yoru current entry rules that are you are using - are you using the 5-pip candle rule, or are you just entering at the first direction you see, etc? I know you are using the 400-TP rule to exit but how are you entering?
Smart, here is what I currently do:

1.Ny open (first pips)
2.Lo open (first pips)
3.First bursting 5 pip candle on NY open with 3 pip SL*

*this is a bonus trade that I take for 2 reasons: I have extra winnings of cash + recent strong volatility on NY open

All of them are with a minimum TP of 200 pips

Keep in mind that I refund my account on a weekly basis and occur no loss in my accounts, staying happy

Hope that helps
Invest in alarm clocks
  • #6,670
  • Sep 5, 2012 10:10pm Sep 5, 2012 10:10pm
Quoting Lukaszmiami
I think that main entry rule is and should be common sense. Guys don't ask for rules all the time, don't ask what to do. Everything was said few times, try to feel the market, or find your own rules. Repeting something without understanding or feeling will not lead you to succes. It's like trying to remember only results of some exercise during studying mathematics without understending the process of getting those results. Numbers will change and you will not be able to solve the same task again.

And once again, i threat this thread like...

Lifestyle ... Ur right.. that word made my day. Hope you guys can manage it
Invest in alarm clocks
  • #6,671
  • Sep 5, 2012 11:41pm Sep 5, 2012 11:41pm
Quoting Tony112
Smart, here is what I currently do:

1.Ny open (first pips)
2.Lo open (first pips)
3.First bursting 5 pip candle on NY open with 3 pip SL*

*this is a bonus trade that I take for 2 reasons: I have extra winnings of cash + recent strong volatility on NY open

All of them are with a minimum TP of 200 pips

Keep in mind that I refund my account on a weekly basis and occur no loss in my accounts, staying happy

Hope that helps
Fantastic...thanks Tony! See everyone in a few hours!
  • #6,672
  • Sep 6, 2012 7:26am Sep 6, 2012 7:26am
London -2
New York - break even
  • #6,673
  • Edited 9:04am Sep 6, 2012 8:48am | Edited 9:04am
Hello! First I want to thank Tony for opening our eyes on Central Banks and Big Players! Was researching the subject since, with accurate data, but never found what I was looking for. It was then that I saw this post yesterday at the meeting of the Trade Systems FF and I came across this headline "Central Banks & Big Players" and when I went to see. And that was what I was looking for in a practical way.

I took a largely read this post and saw that has a lot of content

I have some questions to ask if Tony let me of course!

I suppose the best markets are the London and NY. Have you ever tried to Tokyo? I hear they also have firepower.

And gold, silver, oil, etc.. also tried? For I believe in open markets there influence these CFDs.

The platforms that I use has 5 secundos and what is minimally M1 has. What is your recommendation? I believe we need some indidador to assist me in trades.
Invest in creating their EAs, because one day you need one!
  • #6,674
  • Sep 7, 2012 1:49am Sep 7, 2012 1:49am
This approach is so darn flexible! You can even trade it while having a full time job! You only need 5mins during london and new york!

The most stress free approach ever!
Heck you could even risk 1/20 of your monthly salary for every trade.

After a while you'd start wondering, damn where are all those money coming from!?
Whether you can or you can't, you are both right.
  • #6,675
  • Sep 7, 2012 2:06am Sep 7, 2012 2:06am
Beautiful LO!! Like finally!! Stops set to BE.
Whether you can or you can't, you are both right.
  • #6,676
  • Sep 7, 2012 2:25am Sep 7, 2012 2:25am
LOL! I got on the first try! And look, I came a little late! Thank you TONY! You helped us a lot! I'm testing on my live account you believe in, and got it! Sure it to 0.01 since the beginning of my tiny capital account of my testing thus allows.
Invest in creating their EAs, because one day you need one!
  • #6,677
  • Sep 7, 2012 2:35am Sep 7, 2012 2:35am
Quoting fartist
This approach is so darn flexible! You can even trade it while having a full time job! You only need 5mins during london and new york!

The most stress free approach ever!
Heck you could even risk 1/20 of your monthly salary for every trade.

After a while you'd start wondering, damn where are all those money coming from!?
True fartist! I'm laughing for nothing here ... I got delayed in M1 but I'm firmly in profit! Signal was BUY! I knew that resistance would break somehow! But for safety recommend having a money management! It costs nothing to maintain long-term market! Well .. go for it! I think I'll go back to sleep! I left my EA taking care of it for me! Even more!
Invest in creating their EAs, because one day you need one!
  • #6,678
  • Sep 7, 2012 2:41am Sep 7, 2012 2:41am
Congrats!
Not sure if its going to be an epic win, but heck setting to BE is da best feeling in the world. It's like a risk free spin at a million dollar prize.

Wheee!
Whether you can or you can't, you are both right.
  • #6,679
  • Sep 7, 2012 2:46am Sep 7, 2012 2:46am
Here is the EAs I use to assist me in my trades! This is free, if I may post here in the community! Is 'Equity Centry' - http://www.ea-coder.com/forex-softwa.../#.UEmlU64kqDc

Good luck and success to all!
Invest in creating their EAs, because one day you need one!
  • #6,680
  • Sep 7, 2012 3:30am Sep 7, 2012 3:30am
Quoting fartist
Congrats!
Not sure if its going to be an epic win, but heck setting to BE is da best feeling in the world. It's like a risk free spin at a million dollar prize.

Wheee!
BE is as good a psychological motivator as a win. This has been a hectic couple of weeks. I'm thinking Tony is still in his 200 target from the previous open.
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