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  • #9,061
  • Nov 1, 2012 11:47pm Nov 1, 2012 11:47pm
Again, quite a move during Asian session .
  • #9,062
  • Nov 1, 2012 11:49pm Nov 1, 2012 11:49pm
Quoting munirpt
Hi guys

Do you have any trading strategy that you apply for NFP?
or you just don't trade NFPs?

looking forward to hear some advice from experienced traders.

Cheers

Munir
There are usually reasonable scalp trades early (and it looks like very early this am). If you hit take it and then go do something else.

GU often (but obviously not always) will meander to the D pivot before the release (thats around 1.6140 today).

Other than that pre release it can meander sideways. Post release if trading with smooth higher lows higher highs/lower highs lower lows you can usually enter on 5 or 15 min retraces. Other than that take a break.

I'm at work Mrs V's in her "read book in bed until she drags herself out to the shops" mode.
  • #9,063
  • Edited 8:11am Nov 2, 2012 7:25am | Edited 8:11am
Quoting munirpt
Hi guys

Do you have any trading strategy that you apply for NFP?
or you just don't trade NFPs?

looking forward to hear some advice from experienced traders.

Cheers

Munir
Trade until 30 mins before the release and then close. trade 30 mins after the release or wait until the americans come and show you the way. I used to trade the News, but not now, the reaction is often illogical now. I use to make a lot of pips from the news, sigh! now I have to work for a living studying charts etc.
Cut your Losers short and let your Winners run.
  • #9,064
  • Nov 2, 2012 7:33am Nov 2, 2012 7:33am
Quoting TrendCatcher
yes i have 1. wait for the news release

first strategy, if it's a bad figure then you sell

second stategy, if it's good figure then buy

this is what i'm doing, but very little success though
No Wonder. A year ago that strategy would have worked, there were logical reactions to the news so much so that you could predict which way price would go and by how much. I traded the news for 5 years, made a "lot" of pips that way, but now you are trying to work out if it is Risk On or Risk Off. News Trading is best left to those with deep pockets, or, pick up a few pips fading the peaks or S&R levels.
Cut your Losers short and let your Winners run.
  • #9,065
  • Nov 2, 2012 7:34am Nov 2, 2012 7:34am
Hi.

Since I was away this week, I took a h4 divergency short before I left. Small position only. In direction of a trend, of course.

Anyway, missed SL by a few pips... :-) A bit of luck inlvolved here.

I closed now manually due to elections. 110 pips.

BR
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd short, h4.gif Size: 36 KB
  • #9,066
  • Nov 2, 2012 7:45am Nov 2, 2012 7:45am
Done for the week.....entry and exit explanations are on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.11.2 eu week.jpg Size: 133 KB
  • #9,067
  • Edited 8:17am Nov 2, 2012 7:49am | Edited 8:17am
Quoting Phx62
I haven't left the thread.....just been very busy finishing the remodeling of a new home (doing much of the work myself with the help of family members) and keeping my business running.
I did spend some time last week looking at the M15 thread....it's not for me...I made some pips but it requires lots of screen time monitoring and managing trades.....plus, as you are aware, price whipsaws a lot on the M15....I did find a couple of useful ideas and tools to incorporate into my trading plan. In my opinion, using the M15 for an earlier entry is fine...
I saw you over there and wondered "what the ......." you were doing there.
I assumed that you must have been either, bored and were looking for some excitement, or, had decided to take up buddism and love your fellow man.

"I did find a couple of useful ideas and tools to incorporate into my trading plan" Donīt be a tease, give us a hint.
Cut your Losers short and let your Winners run.
  • #9,068
  • Nov 2, 2012 7:53am Nov 2, 2012 7:53am
Quoting Phx62
Done for the week.....entry and exit explanations are on the chart.
Thank you very much. Your weekly trades chart is invaluable to me.
Cut your Losers short and let your Winners run.
  • #9,069
  • Nov 2, 2012 8:10am Nov 2, 2012 8:10am
Quoting robuk
Thanks , i think i saw this idea on PTN ?

Hey fellas i got +31 yesterday - EU/HI , in at 50.5 out very near the top at 81.5
Hi Robuk. Well done for the pips, feels good doesn,t it?

Just out of curiosity, I do not trade any thing other than the eurusd so I have no idea which pair the EU/HI is, which is it?
Cut your Losers short and let your Winners run.
  • #9,070
  • Nov 2, 2012 8:12am Nov 2, 2012 8:12am
Quoting dee50
I do not want to teach you to suck eggs, but, that divergence!!!!

If you only take notice of divergence where the first spike of the Indi is in OB or OS and the second spike is just out of OB or OS you will find that you will have to take a great deal less heat. If you havenīt allready have a look at the attached PDF there are many chart examples from someone who traded just pin bars with divergence.

http://www.forexfactory.com/attachme...202012%2018:19
Hi.

Slowly, man. Thank for the note, but:
- as I stated, I was away. I'm well aware trade was entered to early
- I entered this more as a test and research of h4 and hence bigger SL and small position only
- I'm glad it worked out, but again - yes, entry was to early. Correct entry would of been the top after the entry (after completed pattern), but I can't be in 2 places at once

If you want, this is an example of how NOT to trade if you don't want to expose yourself to big drawdowns. OK? We agree on this 100%. But I'm still glad, that overall h4 perspective and trend worked.

BR
  • #9,071
  • Nov 2, 2012 8:28am Nov 2, 2012 8:28am
Quoting tp0440
Hi.

Slowly, man. Thank for the note, but:
- as I stated, I was away. I'm well aware trade was entered to early
- I entered this more as a test and research of h4 and hence bigger SL and small position only
- I'm glad it worked out, but again - yes, entry was to early. Correct entry would of been the top after the entry (after completed pattern), but I can't be in 2 places at once

If you want, this is an example of how NOT to trade if you don't want to expose yourself to big drawdowns. OK? We agree on this 100%. But I'm still glad, that overall...
No problem. I have deleted my initial response. Sorry.
Cut your Losers short and let your Winners run.
  • #9,072
  • Nov 2, 2012 8:35am Nov 2, 2012 8:35am
Well I appear to have overstayed my welcome. The eurusd is dusting down its knees after being knocked to the ground, a couple of shakes of itīs head and it will slowly get up. So, have a good weekend hope the sun shines where ever you are.
Cut your Losers short and let your Winners run.
  • #9,073
  • Nov 2, 2012 8:40am Nov 2, 2012 8:40am
Quoting dee50
No problem. I have deleted my initial response. Sorry.
Hi.

No problem and also I don't see an issue with your post with regards to providing input to traders. It was correct. My entry was to early and I wouldn't trade it that way if I would be able to trade later on.

Have a nice weekend, I'm also off till Monday.

BR
  • #9,074
  • Nov 2, 2012 8:58am Nov 2, 2012 8:58am
Quoting dee50
I saw you over there and wondered "what the ......." you were doing there.
I assumed that you must have been either, bored and were looking for some excitement, or, had decided to take up buddism and love your fellow man.

"I did find a couple of useful ideas and tools to incorporate into my trading plan" Donīt be a tease, give us a hint.



you judge a man by what he writes.
  • #9,075
  • Nov 2, 2012 9:04am Nov 2, 2012 9:04am
Quoting tp0440
Hi.

Since I was away this week, I took a h4 divergency short before I left. Small position only. In direction of a trend, of course.

Anyway, missed SL by a few pips... :-) A bit of luck inlvolved here.

I closed now manually due to elections. 110 pips.

BR
I am becomimg senile. What I mis-read as divergence was in fact Hidden Divergence, Doh!!!
Cut your Losers short and let your Winners run.
  • #9,076
  • Nov 2, 2012 9:06am Nov 2, 2012 9:06am
Just found this in my trading directory. Very good and clear explanations with good chart examples.
Attached File(s)
File Type: pdf Divergence Hidden Divergence Fibos.pdf   487 KB | 944 downloads
Cut your Losers short and let your Winners run.
  • #9,077
  • Edited 9:35am Nov 2, 2012 9:13am | Edited 9:35am
Quoting vtayha
you judge a man by what he writes.
Pearls of wisdom

http://www.forexfactory.com/search.php?searchid=3946247
Cut your Losers short and let your Winners run.
  • #9,078
  • Nov 2, 2012 9:27am Nov 2, 2012 9:27am
Today didn't trade. was too busy in my consulting work and since it was NFP decided to stay out for the day.

Although wanted to point out how technical analysis and S&R lines work so sharply on our charts.
Attached Image (click to enlarge)
Click to Enlarge Name: eutoday.jpg Size: 147 KB
  • #9,079
  • Nov 2, 2012 9:36am Nov 2, 2012 9:36am
Quoting Phx62
Done for the week.....entry and exit explanations are on the chart.
Your charts are a true inspiration of the level one can achieve with hard work and dedication.

Hope to reach this level one day!

Good to have you among us.

Have a nice weekend
  • #9,080
  • Nov 2, 2012 10:49am Nov 2, 2012 10:49am
Quoting Phx62
I haven't left the thread.....
I did spend some time last week looking at the M15 thread....it's not for me...I made some pips but it requires lots of screen time monitoring and managing trades.....
Dear Phx, it's true!
This is because i continue to follow this thread.

Quoting Phx62
I will post my weekly chart sometime this weekend for those who may be interested.
Thanks again for your weekly chart
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