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  • #7,841
  • May 3, 2013 7:56am May 3, 2013 7:56am
Quoting Tony112
A lot of people lost most of their fortune today. So sad, that whipsaw just before. Mission impossible. {image}
It is true Tony. I actually do not remember having seen an event of this. But I'm lucky in a traditional account, it could not have left with SL triggered. But for me it is better to at least one account ECN STP, the speed of open orders.
Invest in creating their EAs, because one day you need one!
  • #7,842
  • May 3, 2013 7:58am May 3, 2013 7:58am
Tony, why you still place trades before news? It's more lika a gambling. Trying to guess the direction. You know that!
  • #7,843
  • May 3, 2013 8:04am May 3, 2013 8:04am
Quoting Lukaszmiami
Tony, why you still place trades before news? It's more lika a gambling. Trying to guess the direction. You know that!
No, I'll explain in the new rules posted soon. It's calculated risk... did you see how many pips I lost.. check for the red dot.
Invest in alarm clocks
  • #7,844
  • May 3, 2013 8:10am May 3, 2013 8:10am
Yes i see, but... still don't get it.

Ok, you know how to play.

Guys just look how gbp and usd/jpy reacted.
  • #7,845
  • May 6, 2013 10:14am May 6, 2013 10:14am
breaking news, you never know when to expect them
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  • #7,846
  • May 6, 2013 11:34pm May 6, 2013 11:34pm
anyone managed to trade the audusd RBA rate cut?
  • #7,847
  • May 7, 2013 5:16am May 7, 2013 5:16am
Tony, im sorry im hypocrite. I opened trade before news...

But i was lucky and earned 20 pips.

Done for the day!
Attached Image
  • #7,848
  • May 7, 2013 9:22am May 7, 2013 9:22am
Quoting Lukaszmiami
Tony, im sorry im hypocrite. I opened trade before news... But i was lucky and earned 20 pips. Done for the day! {image}
Rich hypocrite? forgiven.

As long as you set your SL to <7 pips for small impact news and <15 pips for big impact news, you're in advantage. Pure elevations on small impact news is an average of 20 pips and big impact news is 40-50 pips. Even if you enter before, you're the house in the casino. Think about this and you'll have a clue of what the news rules of the system are!
Invest in alarm clocks
  • #7,849
  • May 7, 2013 9:24am May 7, 2013 9:24am
Sold EUR/USD
Invest in alarm clocks
  • #7,850
  • May 7, 2013 11:52am May 7, 2013 11:52am
Ok, so we can do smth like that:

-Chose one direction, Sell od Buy, and stick to that direction all your trading life,

-Place one trade in chosen direction BEFORE NEWS, theoretically we have 50% chances, of course price will not go in one direction all the time, sometimes spread will activate SL, slippage etc... so go to the next point

-Don't forget about SMALL SL, RRR should be at least 4:1, so we need about 30% acc to be in profit after succesfull entry

-BE is neccesary,

Just my thoughts, pure statistic approach to trading.

It is just theory, so i have no idea how it works in real life.

I don't know if SL would be activated after news like last GBP Prelim q/q, price jumped 100p in one min. No problem if we chose right direction, but otherwise....
  • #7,851
  • May 7, 2013 12:29pm May 7, 2013 12:29pm
Well, I have traded news lately. I have some losses and winnings. I think, that easiest and more profitable way is to set pending orders - buystop and sellstop. Offset, I dunno, maybe 6 p for EUR/USD and SL 12 p (the gap between buystop and sellstop). It is quite widely spread tehnique. Sometimes both orders are executed due to spread, lost over 75% of all money last week. Usually I make 50-200% from one trade.
  • #7,852
  • May 7, 2013 12:48pm May 7, 2013 12:48pm
Who's gonna trade "NZD- RBNZ Financial Stability Report" today?
  • #7,853
  • May 7, 2013 2:10pm May 7, 2013 2:10pm
09.05.2013
GBP Asset Purchase facility
GBP Official Bank Rate

10.05.2013
Bernanke Speaks

I am going to place only 2 trades this week.

The less i trade, the more i earn. Ultimate and 100% true rule.
  • #7,854
  • May 8, 2013 3:49am May 8, 2013 3:49am
bullish engulfment, straight bought
Invest in alarm clocks
  • #7,855
  • May 8, 2013 3:58am May 8, 2013 3:58am
How did yesterdays "sold EUR/USD" ended? Some profit or BE?

I see these nice movements, but i have to be patient, and wait till tomorrow.... it's the hardest part, waiting.
  • #7,856
  • May 8, 2013 4:25am May 8, 2013 4:25am
Quoting Lukaszmiami
How did yesterdays "sold EUR/USD" ended? Some profit or BE? I see these nice movements, but i have to be patient, and wait till tomorrow.... it's the hardest part, waiting.
Patience, it's very hard. Don't we all want it right here and right now. Remember how it used to be with a beautiful princess for which you had to wait months before something happened. As long as it's all worth it... patience for the best news only
Invest in alarm clocks
  • #7,857
  • May 8, 2013 5:19am May 8, 2013 5:19am
entering in the preferential news collection!
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  • #7,858
  • May 8, 2013 5:32am May 8, 2013 5:32am
Quoting Tony112
entering in the preferential news collection! {image}
Hi Tony,

I took this trade with 6 Pips SL 1 min before the news announcement.

You wrote in a recent Post <7 SL max on news with small impact, are this 7 Pips SL without spread?

Thanks & best regards

Lodge

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  • #7,859
  • May 8, 2013 7:36am May 8, 2013 7:36am
Quoting Lodge
{quote} Hi Tony, I took this trade with 6 Pips SL 1 min before the news announcement. You wrote in a recent Post <7 SL max on news with small impact, are this 7 Pips SL without spread? Thanks & best regards Lodge {image}
In fact, the only news that would be entered before the actual announcement is NFP with a 15 pips SL. All other ''preferential news '' will be traded with a 7 pip SL with limit orders (no random selection before news).

I currently have a list of 10-12 preferential news per month only! All other news are untradable.
Invest in alarm clocks
  • #7,860
  • May 8, 2013 8:16am May 8, 2013 8:16am
Quoting Tony112
{quote} In fact, the only news that would be entered before the actual announcement is NFP with a 15 pips SL. All other ''preferential news '' will be traded with a 7 pip SL with limit orders (no random selection before news). I currently have a list of 10-12 preferential news per month only! All other news are untradable.
Ok .. so when these new rules will come complete Tony? It is of utmost importance to me, now that I'll reduce my losses to increase profits.
We are anxious waiting for these new rules.
Invest in creating their EAs, because one day you need one!
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