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  • #8,141
  • May 31, 2013 10:46pm May 31, 2013 10:46pm
Quoting Tony112
{quote} Yup, I love it.... so if sharing doesn't bring me much back... I'll take the fame!
In this trade we need all the good Karma we can get. And you my friend... have totally earned that and then some!
  • #8,142
  • Jun 1, 2013 9:23am Jun 1, 2013 9:23am
iam rather worried about you guys trading the news using this method.


the spread increases sometimes to 7 pips or more. so how on earth you will put a 7 pips SL ? immediate stopout, if trade triggered.

market moves against you often before going in your trade direction. again stopout.

screen freezes, trades never trigggered etc.

to me, it is a recipe for disater. i would like to know if tony or anyone has traded this long enough and has a good set of results to show ?....
  • #8,143
  • Jun 1, 2013 5:35pm Jun 1, 2013 5:35pm
Quoting whatfx
iam rather worried about you guys trading the news using this method. the spread increases sometimes to 7 pips or more. so how on earth you will put a 7 pips SL ? immediate stopout, if trade triggered. market moves against you often before going in your trade direction. again stopout. screen freezes, trades never trigggered etc. to me, it is a recipe for disater. i would like to know if tony or anyone has traded this long enough and has a good set of results to show ?....

If the spread increases to 7 pips, you'll actually be at -3.5 pips only if you have entered a trade prior to the news.
Oanda doesn't slip.
Trust me and the thousands of hours of trading experience. Some news are tradable I'm living off it.

Exemple: NFP generates a 15 pips spread. If you have entered the news PRIOR TO THE NEWS, your loss due to the increase of the spread will be only -7.5 pips. I'm gonna be trading NFP this week stay tuned.
Invest in alarm clocks
  • #8,144
  • Jun 1, 2013 10:10pm Jun 1, 2013 10:10pm
Quoting Tony112
{quote} If the spread increases to 7 pips, you'll actually be at -3.5 pips only if you have entered a trade prior to the news. Oanda doesn't slip. Trust me and the thousands of hours of trading experience. Some news are tradable I'm living off it. Exemple: NFP generates a 15 pips spread. If you have entered the news PRIOR TO THE NEWS, your loss due to the increase of the spread will be only -7.5 pips. I'm gonna be trading NFP this week stay tuned.
Hey Tony,

are you going to be showing us how you trade the NFP before so we can trade with you?
  • #8,145
  • Jun 1, 2013 10:20pm Jun 1, 2013 10:20pm
Quoting dvanderlinde
{quote} Hey Tony, are you going to be showing us how you trade the NFP before so we can trade with you?
Earlier, Tony posted "The major news are highlighted in purple for next week,

These news will create a Pure Elevation of at least 30-40 pips straight in a few seconds. There is possibility of whipsaws for sure.
If the news are traded with a 12-15 pips prior the news, you're going to be in straight profit.

On Monday I will post the EXACT WAY to trade the news in purple. We'll all do the same thing and it's going to be very simple. Just follow my steps but at your own risk.

They will not be traded with Limit buy or Limit Sell.... the only news traded with limit buy and limit sell are German IFO, Zew Sentiment, Flash Manufacturing for France and German... that's all... all other news ...I'll show you on monday, I'll give instructions..


Stay tuned for NFP efficient way to trade to!"

So the method is more or less there. The basic premise remains pretty much the same, put int your Limit Orders about 15 secs before the news release schedule. My advice is test it out with demo to get familiar with the mechanics of it. Do also read Page 1 for the method.
  • #8,146
  • Jun 2, 2013 12:04pm Jun 2, 2013 12:04pm
How big is the spread at Oanda when trading the news and is there a better broker for news trading ?

Thank you
  • #8,147
  • Jun 2, 2013 2:00pm Jun 2, 2013 2:00pm
Quoting zola320
How big is the spread at Oanda when trading the news and is there a better broker for news trading ? Thank you

sometimes the spread is 5 pips, 7 pips, 15 pips or the most is 20 pips! There is no slippage or rarely any, that's the advantage! a 15 pips spread gives me a real 7.5 pips spread only if entered before trade! it's not much
Invest in alarm clocks
  • #8,148
  • Jun 2, 2013 2:25pm Jun 2, 2013 2:25pm
Quoting Tony112
{quote} sometimes the spread is 5 pips, 7 pips, 15 pips or the most is 20 pips! There is no slippage or rarely any, that's the advantage! a 15 pips spread gives me a real 7.5 pips spread only if entered before trade! it's not much
If you enter before the trade which direction do you go?
Do you just guess and hope?

Thanks
  • #8,149
  • Jun 2, 2013 5:22pm Jun 2, 2013 5:22pm
My personal choice for this week's major news:
Attached Image (click to enlarge)
Click to Enlarge Name: week1.gif Size: 24 KB
Invest in alarm clocks
  • #8,150
  • Jun 2, 2013 5:50pm Jun 2, 2013 5:50pm
Quoting Tony112
My personal choice for this week's major news: {image}
Hey Tony,
Any chance you can provide more details about your new style of news trading(entering before the news) so it could be applied to the AUD retail sales trade at 9:30 ET. Thanks bud.
  • #8,151
  • Jun 2, 2013 5:59pm Jun 2, 2013 5:59pm
Quoting bravester
{quote} Hey Tony, Any chance you can provide more details about your new style of news trading(entering before the news) so it could be applied to the AUD retail sales trade at 9:30 ET. Thanks bud.
Sure, in a few minutes I'll post
Invest in alarm clocks
  • #8,152
  • Edited 6:30pm Jun 2, 2013 6:03pm | Edited 6:30pm
Please trade at your own risk.
-----------------------------------------------------
Here is how I'll trade AUD Retail Sales m/m

-market BUY 1 minute before news
-SL 13 PIPS
-if price burst up, set 0SL
-TP is 40 pips
-if price falls down accept a loss of 13 pips and wait for next news
*there is 1 minute between the time you will place the trade and the actual news: Make sure you re-adjust SL to have a min of 13 pips at the time of news. That may involve moving your SL up or down depending on the price movement.


will post screenshot
Invest in alarm clocks
  • #8,153
  • Jun 2, 2013 6:22pm Jun 2, 2013 6:22pm
Total elevation expected for this news: 35 pips. Whipsaw is possible so make sure you set 0SL as soon as you can.
Invest in alarm clocks
  • #8,154
  • Jun 2, 2013 8:35pm Jun 2, 2013 8:35pm
that one was a dud. shoot. onto the next one.
  • #8,155
  • Jun 2, 2013 8:39pm Jun 2, 2013 8:39pm
Quoting bravester
that one was a dud. shoot. onto the next one.
Same for me... on to the next one...
  • #8,156
  • Jun 2, 2013 8:40pm Jun 2, 2013 8:40pm
On to the next one ... GBP is gonna jump more don't worry

minor 8 PIP loss for me... it's nothing
Attached Image (click to enlarge)
Click to Enlarge Name: AUDRETAILSALES.gif Size: 15 KB
Invest in alarm clocks
  • #8,157
  • Jun 2, 2013 8:44pm Jun 2, 2013 8:44pm
Quoting Tony112
On to the next one ... GBP is gonna jump more don't worry minor 8 PIP loss for me... it's nothing {image}
Yup... GBP will get interesting.
  • #8,158
  • Jun 2, 2013 9:00pm Jun 2, 2013 9:00pm
with GBP we'll risk 13 pips for 40 instant gain
Invest in alarm clocks
  • #8,159
  • Edited 3:38am Jun 3, 2013 3:24am | Edited 3:38am
Im really confused as to which direction should we enter on the upcoming GBP news...

GBP/USD going up since Frankfurst session, -> I have a bullish Bias

On the other side my brain tells me it could be time for a correction -_-!!

Anyway I will still o BUY 30 sec before news release ! Good luck guys

Edit: SL @ BE -> No problem
  • #8,160
  • Jun 3, 2013 3:30am Jun 3, 2013 3:30am
SL set to BE = stress free!
Lets ride this all the way to 40 pips!
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