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  • #7,921
  • May 15, 2013 1:20am May 15, 2013 1:20am
I also use Oanda. I setup the whole order several minutes before the trade and just watch the bid/ask. I keep the order window open and constantly adjust price and finally execute about 15 seconds before the release. I have been a long time lurker since the original CBBP and am happy to see what this has evolved into. It is truly trading the present as opposed to the past.
  • #7,922
  • May 15, 2013 1:21am May 15, 2013 1:21am
Quoting Fedmayne
I also use Oanda. I setup the whole order several minutes before the trade and just watch the bid/ask. I keep the order window open and constantly adjust price and finally execute about 15 seconds before the release. I have been a long time lurker since the original CBBP and am happy to see what this has evolved into. It is truly trading the present as opposed to the past.
Our heart also strives to live the present and not the past. Thanks
Invest in alarm clocks
  • #7,923
  • May 15, 2013 1:22am May 15, 2013 1:22am
Evolution indeed, I kept my promise. Enjoy. Let's hope for another 1.6 million views and make history.
Invest in alarm clocks
  • #7,924
  • May 15, 2013 1:23am May 15, 2013 1:23am
Quoting Tony112
{quote} 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.
I think im gonna get hooked to this thread now seeing how nice that was... haha I just need to learn how Oanda works and the units thing! I just signed up for it!

Is 50 leverage the most I can get?
  • #7,925
  • May 15, 2013 1:25am May 15, 2013 1:25am
Quoting Tony112
{quote} 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.
I followed to the letter, shorted at 1.29259 and got to the target profit as intended. There was ample profits left on the table of about 8 pips, but a safe win is a good win anytime!

Edited: Thanks Tony and congrads on yet another of your many wins! Good call! It's kind of entertaining to watch the rest of the world slog it out when we already booked our profits and exited safely.
  • #7,926
  • May 15, 2013 1:29am May 15, 2013 1:29am
Not sure whether to trade or not : Italian Prelim GDP q/q

might be a small effect, will see
Invest in alarm clocks
  • #7,927
  • May 15, 2013 1:30am May 15, 2013 1:30am
Quoting dvanderlinde
{quote} I think im gonna get hooked to this thread now seeing how nice that was... haha I just need to learn how Oanda works and the units thing! I just signed up for it! Is 50 leverage the most I can get?
Yup, either way above 50 leverage you'll get unbalanced... believe me
Invest in alarm clocks
  • #7,928
  • May 15, 2013 1:36am May 15, 2013 1:36am
Quoting Tony112
{quote} Yup, either way above 50 leverage you'll get unbalanced... believe me
Yeah but the only this is when I have a small account I have only be making small cash with such low leverage :/

Say I have a $500 account I can only be trading at $0.50/pip with a 7 pip SL thats only 0.7% of my account at risk which is nothing...
  • #7,929
  • Edited 3:35am May 15, 2013 3:19am | Edited 3:35am
Quoting Tony112
Not sure whether to trade or not : Italian Prelim GDP q/q might be a small effect, will see
I am thinking the USD Core PPI might have a slightly more pronounced effect at 8:30 am ET later. Maybe good for 20 pips, what do you think?

Edit: On second thoughts, news releases from GBP might have some indirect effect on USD valuation. Not sure if its tradable.

Edit: Forget GBP... choppy. 5 sec chart says it's market is not quite decided on what to do with mixed news.
  • #7,930
  • May 15, 2013 3:39am May 15, 2013 3:39am
WTF just happend on GBP/USD? Great news, but price is falling....i don't get it. Anyway i lost 10 points.
  • #7,931
  • May 15, 2013 4:00am May 15, 2013 4:00am
Thank you Tony112
It would be nice if you could create a table with all news you trade and put the tp and sl levels we should use. Or send the numbers to me and I will create it for you.
  • #7,932
  • May 15, 2013 4:08am May 15, 2013 4:08am
Worst day in my trading life...
For me, market completly lost sense these days.
Good news, price is falling, bad news price is rising or doying nothing.
WTF?
  • #7,933
  • May 15, 2013 4:19am May 15, 2013 4:19am
Quoting Lukaszmiami
Worst day in my trading life... For me, market completly lost sense these days. Good news, price is falling, bad news price is rising or doying nothing. WTF?
low volumes, low volatility, all locked in range, untradable bullshit market
unfortunately forex is no more the same market as years ago
Don't give up
  • #7,934
  • May 15, 2013 4:38am May 15, 2013 4:38am
That is right Geomink.
Right now market is infected by bots, HFT and other shit.
Back in days breakout meant something, right now breakouts are used to took small profits in split of seconds, then price reverses, and so on and so on.

Ok, price reverse so lets open trade opposite to breakout....yea but it is endless story...up, down, up down in matter of seconds.

No one said that market is easy, and should be easy. But it is no more skill game, or psychology, it is more machines game. Even news don't make sence right now. Bad news price is rising, good news price is falling. Where is the logic?

I love to trade, and i earned some pips, my depo is bigger than year ago, but i think that im loosing control, trading is not fun for me anymore. It is starting to be scarry.
  • #7,935
  • May 15, 2013 4:44am May 15, 2013 4:44am
Maybe round numbers still have sence, but it is still only the number.
Maybe volume? Big candles without big orders behind them don't mean anything, right?
Ok, im confused today.
  • #7,936
  • May 15, 2013 4:45am May 15, 2013 4:45am
Quoting Lukaszmiami
That is right Geomink. Right now market is infected by bots, HFT and other shit. Back in days breakout meant something, right now breakouts are used to took small profits in split of seconds, then price reverses, and so on and so on. Ok, price reverse so lets open trade opposite to breakout....yea but it is endless story...up, down, up down in matter of seconds. No one said that market is easy, and should be easy. But it is no more skill game, or psychology, it is more machines game. Even news don't make sence right now. Bad news price is rising,...
exactly the same for me
Don't give up
  • #7,937
  • May 15, 2013 6:14am May 15, 2013 6:14am
Quoting Lukaszmiami
WTF just happend on GBP/USD? Great news, but price is falling....i don't get it. Anyway i lost 10 points.
I'm sorry to learn that! I pulled back at the very last minute, was rather surprised price did not quite "behave".

I think it's all in the market dynamics, where the big boys already figured out where price should head, leaving retail players and clueless people to fight for scraps or get killed.

If my understanding of Tony's new strategy is right, it is to straddle both sides, doesn't matter whether the price reaction to the news is logical or not. Just play both sides, take your profits early and run. The other trade that was not triggered, just kill it before price retrace.

At least that's my intepretation of the Pure Elevation strategy.
  • #7,938
  • Edited 7:45am May 15, 2013 7:33am | Edited 7:45am
Entered long for 2 standard lots of EURUSD @ 1.28688, exited very quickly at 1.28774 ... just a modest 8.6 pips gain. Job is done for the day!
  • #7,939
  • May 15, 2013 7:46am May 15, 2013 7:46am
I took +12 pips, but traded USD/JPY.
  • #7,940
  • May 15, 2013 7:52am May 15, 2013 7:52am
Quoting Lukaszmiami
I took +12 pips, but traded USD/JPY.
Well done! Look forward to next trade.

Following this thread and Tony's method really transformed my trades for the past few days. Before I stumbled on this, I was pretty inconsistent, booking some massive losses which I am now trying to recover from.
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