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Central Banks & Big Players

  • #7,901
  • May 14, 2013 12:32pm May 14, 2013 12:32pm
Quoting Journeyman
{quote} .... in that I do not set any Stops -..... 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..
I had to quote, these 2 sentences are one of the most dangerous thing to do. Believe the dudes that did it 10 years ago. It's like doing a prostitute with no protection, for real, had to say it sorry.
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  • #7,902
  • May 14, 2013 12:33pm May 14, 2013 12:33pm
Quoting Lodge
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
Thanks man, about to update the book even more.. I'm gonna work on illustrations tonight and more text.
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  • #7,903
  • May 14, 2013 12:41pm May 14, 2013 12:41pm
the number of views of the forums disappeared? mine here had 1.6 million

oups sorry my resolution
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  • #7,904
  • May 14, 2013 12:56pm May 14, 2013 12:56pm
Shorted again but BE this time. This is DEMO so no worries! Tomorrow is important day for me, going to trade full lots during Claimant Count Change... last time i earned +50 after these news.
Attached Image (click to enlarge)
Click to Enlarge Name: 8pip91.jpg Size: 31 KB
  • #7,905
  • May 14, 2013 1:16pm May 14, 2013 1:16pm
Quoting Lukaszmiami
Shorted again but BE this time. This is DEMO so no worries! Tomorrow is important day for me, going to trade full lots during Claimant Count Change... last time i earned +50 after these news. {image}
Lukas, this is how I plan trading it: enter 30 seconds BEFORE news, random direction (always towards support or resistance) put a 15 pip SL. Let's be honest, there will be a Pure Elevation of at least 50 instant pips. So the real bet is 15/50 i'm in too!
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  • #7,906
  • May 14, 2013 1:28pm May 14, 2013 1:28pm
Ok, you are the boss, but in real acc. im doing smth like that:

-wait for directiond-first 1m. candle
-usually before first candle closes, first small pullback ends,
-so i enter right after first candle is closed, and price is still moving in initial direction,

Everything is in this screen.
Attached Image
  • #7,907
  • May 14, 2013 1:31pm May 14, 2013 1:31pm
Quoting Lukaszmiami
Ok, you are the boss, but in real acc. im doing smth like that: -wait for directiond-first 1m. candle -usually before first candle closes, first small pullback ends, -so i enter right after first candle is closed, and price is still moving in initial direction, Everything is in this screen. {image}
I greatly suggest you to not trade like that... do you see the portion that the 1st min took?? imagine if the second candle straight retraces!!

do it like this.... set and forget. 30 sec before choose a direction, set SL to 15, TP to 100+ pips (200 pips)
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  • #7,908
  • May 14, 2013 1:34pm May 14, 2013 1:34pm
ATTENTION: THIS quarterly news has been tagged in RED

2:00amEURGerman Prelim GDP q/q 0.3%-0.6%

It's coming up tonight for me! It has to be traded exactly as presented in the first page of rules.

Limit-buy and Limit-Sell orders before news, max SL 7 PIPS... just above and below price range.

It's going to be epic. I'll be posting a chart tonight
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  • #7,909
  • May 14, 2013 1:34pm May 14, 2013 1:34pm
Tony,
Do you still trade only with Oanda? I would think Oanda isn't really the best broker for trading during news due to the widened spreads etc. Do you have another broker where you trade this ?

Thanks
  • #7,910
  • May 14, 2013 1:41pm May 14, 2013 1:41pm
Quoting bravester
Tony, Do you still trade only with Oanda? I would think Oanda isn't really the best broker for trading during news due to the widened spreads etc. Do you have another broker where you trade this ? Thanks
Oanda has big spreads but don't have no slippage! That's the advantage of their big spread, I've learned. Other brokers have small spreads but HUGE slippage. Oanda has no slippage at all. Only one time I had a slippage with them and it was the weekend!
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  • #7,911
  • May 14, 2013 1:44pm May 14, 2013 1:44pm
We're gonna make a lot of money with the nice news coming tonight get ready
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  • #7,912
  • May 14, 2013 2:07pm May 14, 2013 2:07pm
Quoting Tony112
{quote} I greatly suggest you to not trade like that... do you see the portion that the 1st min took?? imagine if the second candle straight retraces!! do it like this.... set and forget. 30 sec before choose a direction, set SL to 15, TP to 100+ pips (200 pips)
But i use ECN, so SL15 before news like i posted could become 20 or 25 in worst case scenario...

After first minute vol. is lower so SL is more precise...

This is the biggest disadvantage of ECN, no warranty....
  • #7,913
  • May 15, 2013 12:39am May 15, 2013 12:39am
holding on to my small straw... instant profit made with the new system... a limit sell was placed below the price
Attached Image (click to enlarge)
Click to Enlarge Name: French Prelim GDP qq.gif Size: 14 KB
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  • #7,914
  • May 15, 2013 12:41am May 15, 2013 12:41am
will the Germans round it up to 1.2900?
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  • #7,915
  • May 15, 2013 12:53am May 15, 2013 12:53am
get ready for German GDP, it's going to be epic I feel it
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  • #7,916
  • May 15, 2013 12:53am May 15, 2013 12:53am
7 minutes
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  • #7,917
  • May 15, 2013 1:08am May 15, 2013 1:08am
That was fun! What was your spread on that one? I got slipped 10 pips :/
  • #7,918
  • May 15, 2013 1:10am May 15, 2013 1:10am
Not as bad as expected but I went short and in the money. I have to say I am a fan of this trading process. Thank you for sharing this with all of us.
  • #7,919
  • May 15, 2013 1:12am May 15, 2013 1:12am
STRAIGHT PROFIT BANKED. Easy as I expected.
Attached Image (click to enlarge)
Click to Enlarge Name: German Prelim GDP qq.gif Size: 17 KB
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  • #7,920
  • May 15, 2013 1:14am May 15, 2013 1:14am
Quoting dvanderlinde
That was fun! What was your spread on that one? I got slipped 10 pips :/
This time Oanda had a small spread and as I said before they don't slip! That's what I like about them! Perfect execution


Look at my post above, this is institutional quality type of trading. It's like a swish by a professional basketball player.
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