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  • #8,281
  • Jun 10, 2013 10:36pm Jun 10, 2013 10:36pm
Tony, you negotiate BOJ conference? Here have one to 3 hours for the JPY. If someone negotiate please contact as it will be my first time. I can not imagine how long should I leave the EA triggered.
Invest in creating their EAs, because one day you need one!
  • #8,282
  • Jun 10, 2013 11:17pm Jun 10, 2013 11:17pm
Did I just find a secret to investment in TS signature?

"Invest in alarm clocks"
  • #8,283
  • Jun 11, 2013 5:43pm Jun 11, 2013 5:43pm
Quoting Lukaszmiami
{quote} It sounds like drug-addict confession

That's really the case... placing non-calculated trades that are in your disadvantage is a bad drug and will ruin you.
Invest in alarm clocks
  • #8,284
  • Jun 12, 2013 2:36am Jun 12, 2013 2:36am
Getting bored without any actions for days. Think I'll put in my bets for the following news releases in US tomorrow:

Core Retail Sales
Unemployment Claims

In the meantime, need a lot of discipline not to participate even though I see lots of movements in the markets.
  • #8,285
  • Jun 12, 2013 3:36am Jun 12, 2013 3:36am
Banked 13+ pips off this
I didnt trade with Oanda look at the spreads (Testing new Broker and its looking promising)


2:30am
GBP

Claimant Count Change
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  • #8,286
  • Jun 12, 2013 6:28am Jun 12, 2013 6:28am
Quoting Journeyman
Getting bored without any actions for days. Think I'll put in my bets for the following news releases in US tomorrow: Core Retail Sales Unemployment Claims In the meantime, need a lot of discipline not to participate even though I see lots of movements in the markets.
Yep it's excruciatingly slow. I was worried I'd miss all the action working from the office this week (boss supervising means no trading), but nope. Not this far. Yesterday I bagged a sweet 80 pips but that was with my basic 4H PA strategy. But I shouldn't have deviated from my plan to rigorously follow this strategy, though. I'm my own worst enemy at this point.
  • #8,287
  • Jun 12, 2013 11:05am Jun 12, 2013 11:05am
Quoting dvanderlinde
Banked 13+ pips off this I didnt trade with Oanda look at the spreads (Testing new Broker and its looking promising) 2:30am GBP Claimant Count Change {image} {image}
Could you share your broker name with us. Also, know that your experience with them as far as news trading is going to be totally different on Live vs Demo, so the best way to test a broker always is to test on Live with small lots. It always works on Demo, that's how they get the newbs suckered in.
  • #8,288
  • Jun 12, 2013 11:33am Jun 12, 2013 11:33am
Quoting bravester
{quote} Could you share your broker name with us. Also, know that your experience with them as far as news trading is going to be totally different on Live vs Demo, so the best way to test a broker always is to test on Live with small lots. It always works on Demo, that's how they get the newbs suckered in.
I always test live for this kind of method, I will be testing it on this news :


3:00pm
NZD

Official Cash Rate

If it works well I will tell yah what broker
  • #8,289
  • Jun 12, 2013 4:02pm Jun 12, 2013 4:02pm
40 pip spread on Oanda on NU, that is truly insane. Cant trade with those kind of spreads, gotta find another broker.
  • #8,290
  • Jun 12, 2013 4:23pm Jun 12, 2013 4:23pm
Quoting bravester
40 pip spread on Oanda on NU, that is truly insane. Cant trade with those kind of spreads, gotta find another broker.
Try the broker IronFX because I am customer there, and recommend. Also recommend ActivTrades, Dukascopy Bank, MIG Bank and CitiFXPro.
Invest in creating their EAs, because one day you need one!
  • #8,291
  • Jun 12, 2013 8:37pm Jun 12, 2013 8:37pm
I pulled 32 pips from AUD/USD
7:30pm
AUD

Employment Change

1.1K
-9.8K
45.0K



AUD

Unemployment Rate

5.5%
5.6%
5.5%

It rose 70+ pips in a minute and spread had a high of 20 pips
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  • #8,292
  • Jun 12, 2013 11:04pm Jun 12, 2013 11:04pm
Quoting bravester
40 pip spread on Oanda on NU, that is truly insane. Cant trade with those kind of spreads, gotta find another broker.

wow!
Invest in alarm clocks
  • #8,293
  • Jun 12, 2013 11:50pm Jun 12, 2013 11:50pm
Quoting bravester
40 pip spread on Oanda on NU, that is truly insane. Cant trade with those kind of spreads, gotta find another broker.
In the past one week, EURUSD with Oanda was also quite un- tradable during US hours. It went as high as 15 pips between 8:45 and 9:00 am ET, understandably due to NFP release.

IMHO... spread and slippage is a fact of life in trading. During high volatility times, the high spread makes it quite impossible to enter and exit the market at a profit.

If only there is some way to circumvent this by figuring out which direct price will take earlier, enter with a tight stop and then ride the wave if it goes our way.

Another concept that might be worth considering, is enter after the initial spike, when the price retraced. Think I'll observe the behaviour during such major releases then share my findings.
  • #8,294
  • Jun 13, 2013 7:18am Jun 13, 2013 7:18am
US advance retail sales anyone?
  • #8,295
  • Jun 13, 2013 7:34am Jun 13, 2013 7:34am
damn got BE
  • #8,296
  • Jun 13, 2013 7:40am Jun 13, 2013 7:40am
Quoting david1234
damn got BE
Yeah same, I was gonna bank at 21 pips but for some reason held on :/ oh well life moves on
  • #8,297
  • Jun 13, 2013 7:51am Jun 13, 2013 7:51am
Call me fickle, I'm going back to my old broker - Maybank Kim Eng.

I put in my pending orders in Oanda, and it got cancelled, maybe due to the spread widening, maybe due to slippage which went beyond the upper / lower boundaries of 1.5 pips I have set. So I broke even in a way, but it won't do if this keep happening. I have to be in a trade to be making money at all.

The good thing about my old broker, which is available in South East Asia, is that it allows hedging. You can have long and short on the same currency pair, in the same account. That had saved my ass quite a number of times. Only thing that gives is the higher spread - 2 to 3 pips for EUR... can you believe that?
  • #8,298
  • Jun 13, 2013 12:08pm Jun 13, 2013 12:08pm
I'm using Admiral Markets for 1 year. It's quite good broker in my opinion. Only the slippage is 2-4 pips but spread is okay, never over 5-9 pips, usually 1-2. I recommend it.
  • #8,299
  • Jun 13, 2013 12:25pm Jun 13, 2013 12:25pm
A mugs game and the brokers do the mugging!!!
  • #8,300
  • Jun 13, 2013 12:30pm Jun 13, 2013 12:30pm
Did anyone get any good trades today? I was at work during the London session and the beginning of the NY session so I might have missed something..

But actually I must admit not putting on a trade for two days is starting to feel good because the pressure of continually being exposed to the markets is slowly starting to fade. Now I'm just looking to get in when the gettin' in is good!
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