Central Banks & Big Players

That's right Tony. We are waiting. Please, in a position like this in the progress of the new rules. If you need some help in my power, give me a touch ok!

The new rules will be posted in less than 4 hours from now. They will be the cream of the crop from almost 10 years of *intense* trading experience.

I will also provide a journey detailed and explicative text support why the system and how the system changed overtime, although it has the same roots.

The suspense is killing me! I just can't wait!

delayed, I'm writing, should post in 1 hour!!!

theres a saying in german : Patience is a virtue.

Thanks for all the effort Tony

Updated 1st post with my mini-book. To be corrected and updated tonight. Enjoy!

Meanwhile I'm waiting with bated breath for the NY opening. The London opening actually went quite well. There was a brief scare when the price went from 1.3004 when the market opened to 1.3026, before it came crashing down to the low of 1.2946. In choppy times like this, a 50+ pip session is always good!

Think we are on to something! Sad to say I'm very late into the party. However I run things a bit different, I use low leverage and small lot size, without any stop losses. Other than that my method is pretty much in-sync with the original concept of placing trades in the direction of the first candle when the clock strikes 8 am ET.

Hi Tony,
Just to say great stuff, amazing story, your time and comments much appreciated, enjoy the trip.
Cheers,
Pipernst

I've understood nothing

ok we'll break that support at 1.2950 violently. I'm short on major lots

I'll correct and simplify the post... I wrote this yesterday and i was tired... everything will be retouched tonight with simple illustations

push it to the limit, sell euro

hi, i am new on this thread .... hope tony112 will show us something good and special...

Tony, I'm assuming the basic premise of our strategy remains unchanged, i.e. to follow the direction of the first 5 sec candle when the market opens for London and NY. No matter how small or insignificant the candle appears to be, it means somebody already knew something that the rest of the market don't. Hope I get your idea correct?

The hard part is, at what point we enter. My strategy is to place a Sell Limit a reasonable distance above the current price - if the said candle is short. Conversely I would place a Buy Limit below the current price if the said candle is long. So what I do is I have all these set up as soon as I see the candle, after which I can go on to my own business.

I also have some other minor modification, in that I do not set any Stops - as long as my entry price and direction is not hitting against some major support or resistance, this is in case prices did not eventually worked out, there's still a chance it will move back to positive figures in the next couple of days. I do however set a modest profit target, depending on the news release that's coming up.

Thanks Tony for your efforts, I appreciate this. THis 4 site offers more useful information than the last 20 books i read about trading.

best regards

I have to parrot what Lodge has said. This thread has totally changed my game plan and transformed the way I played the game everyday. The thing that has changed most, is that I now use the 5 sec chart more than anything else, and my longest timeframe chart is 15 mins - which I use to give me an overall view of the current market situation.

Adding to my realization that indicators are nothing more than BS, I have to learn to swim along with the sharks and the only way to survive is to know and read price action very well.

In the end, no matter what strategy you use, it's all about being in-sync with the market. Doesn't matter whether you long or short, or on what basis. When you are in-sync, you can't go too far wrong. And that's where the 5 sec chart comes in. Because this is what helps me feel the pulse of the market.

We should always trade like the big guys along the market movement to make some good number of pips, thats why being along the trend can make the traders good money. This one seems simply superb for me.

Ok, shorted E/U...

...and lost 5 points ;(

probably shorted on a fake 5pip 5sec candle