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  • #8,521
  • Sep 5, 2013 2:40am Sep 5, 2013 2:40am
I also have tried many brokers but every broker has bad slippage so you can't profit from smaller (20pips) news because of that.

Instaforex seems to have scam alert on forex peace army: http://www.forexpeacearmy.com/public...instaforex.com
So I would be cautious of them.

Please share your findings if you find a good broker which does not have too bad slippage and tolerable spread
  • #8,522
  • Sep 5, 2013 4:04am Sep 5, 2013 4:04am
I have Admiral Market's broker. They have different accounts, 4 and 5 digits(standart and pro). In pro accounts they say, that spread starts at 0.1 pips, but during the news it is up to 5 pips, they have no slippage so orders are executed immediately. But I haven't tried pro, cause min deposit is 1000. But I am considering to open pro account. Learn more at admiralmarkets.com
  • #8,523
  • Sep 6, 2013 7:21am Sep 6, 2013 7:21am
Ok, get ready.
Invest in alarm clocks
  • #8,524
  • Sep 6, 2013 7:40am Sep 6, 2013 7:40am
Closed manually got 50 pips.

It went just few pips to the TP of 70...
  • #8,525
  • Sep 6, 2013 7:45am Sep 6, 2013 7:45am
Quoting Claudius
Closed manually got 50 pips. It went just few pips to the TP of 70...
that was a good move on yr part
making money in JimB2468 trading room
  • #8,526
  • Sep 6, 2013 8:10am Sep 6, 2013 8:10am
Another bank robbery accomplished. This has to be a dream.
Attached Image (click to enlarge)
Click to Enlarge Name: NFP3.gif Size: 17 KB
Invest in alarm clocks
  • #8,527
  • Sep 6, 2013 8:16am Sep 6, 2013 8:16am
Quoting Tony112
Another bank robbery accomplished. This has to be a dream. {image}

  • #8,528
  • Sep 6, 2013 8:38am Sep 6, 2013 8:38am
Quoting Tony112
Another bank robbery accomplished. This has to be a dream.
i never was into news,,,,i ll be watching,,,, great trade
making money in JimB2468 trading room
  • #8,529
  • Sep 6, 2013 12:26pm Sep 6, 2013 12:26pm
My chart ....
Attached Image
  • #8,530
  • Sep 6, 2013 12:37pm Sep 6, 2013 12:37pm
Quoting Tony112
Another bank robbery accomplished. This has to be a dream. {image}

Looks like I closed position at the same time
  • #8,531
  • Sep 6, 2013 3:58pm Sep 6, 2013 3:58pm
Tony, you need to change your name to Tonyllionaire

Unfortunetly i missed this one...what a shame
  • #8,532
  • Sep 6, 2013 9:11pm Sep 6, 2013 9:11pm
Quoting bigijs
My chart .... {image}

Following my steps just earned you a voucher

Being a good trader as well. Keep doing it clockwork and before you know it, you'll be rich.
Invest in alarm clocks
  • #8,533
  • Sep 6, 2013 9:14pm Sep 6, 2013 9:14pm
Quoting Lukaszmiami
Tony, you need to change your name to Tonyllionaire Unfortunetly i missed this one...what a shame

They call me Tony Montana already LOL
Invest in alarm clocks
  • #8,534
  • Sep 7, 2013 2:39am Sep 7, 2013 2:39am
Tony, what I did not get (and I did not find the answer by scrollling back the thread's pages, my fault) is why we do not enter the NFP with your rules but with a buy and a sell at the same time. One will hit the SL but the other hopefully will hit the TP. And the total profit should be positive. (the chance to hit BOTH SL can be unlikely but horrible...).
I guess you do not do this because your strategy is to "fully load" your trade with the maximum size. Doing it on two trades at the same time would not be possibile.
Am I correct?
  • #8,535
  • Sep 7, 2013 12:36pm Sep 7, 2013 12:36pm
Quoting Claudius
Tony, what I did not get (and I did not find the answer by scrollling back the thread's pages, my fault) is why we do not enter the NFP with your rules but with a buy and a sell at the same time. One will hit the SL but the other hopefully will hit the TP. And the total profit should be positive. (the chance to hit BOTH SL can be unlikely but horrible...). I guess you do not do this because your strategy is to "fully load" your trade with the maximum size. Doing it on two trades at the same time would not be possibile. Am I correct?

Your example is logical and would technically maximize your chances to win. Here are the problems
-don't forget I manually retract my SL, to 0... but progressively while watching the trade go up
(retracting 2 SLs at the same time is very difficult
-I only trade manually, no robots. 10 years of experience make me ''feel'' what's going on
-no robot can replace a human in 2013
-sometimes, the NFP numbers will come very close or exact to the expectations. In this case the trades has a chance to whipsaw and take-out both SLs
-it's better to wait for the next NFP in the event of no volatility or whipsaw
-I want to keep things simple. I have learned that greed and emotion ''or wanting to take too much advantage'' always ruined me.

Lets keep it simple... on next NFP, just put a buy trade 2 minutes before with a 15 pip SL and as soon as you trade burst in 50 pips in a matter of milliseconds, retract your SL and continue your life. I'm getting richer and richer every month and it's plain and simple.
Invest in alarm clocks
  • #8,536
  • Sep 8, 2013 5:04am Sep 8, 2013 5:04am
Hi! My NFP trade:

EU:
+17(1/3 order)
+35 (2/3 order)

UJ:
-6 (3/3 order)
Attached Image (click to enlarge)
Click to Enlarge Name: instatrader.png Size: 96 KB
  • #8,537
  • Sep 8, 2013 5:07am Sep 8, 2013 5:07am
Quoting Tony112
{quote} Lets keep it simple... on next NFP, just put a buy trade 2 minutes before with a 15 pip SL and as soon as you trade burst in 50 pips in a matter of milliseconds, retract your SL and continue your life. I'm getting richer and richer every month and it's plain and simple
Tony, how you decide put buy or sell trade?
  • #8,538
  • Sep 8, 2013 6:03am Sep 8, 2013 6:03am
Quoting makron
{quote} Tony, how you decide put buy or sell trade?

He always buys.
  • #8,539
  • Sep 8, 2013 5:51pm Sep 8, 2013 5:51pm
Upcoming for the week:
______________________

GBP Claimant Count Change, Wed Sep 11th 4:30 am N.Y. Time

How to trade:
-MARKET BUY ORDER 2 MINUTES BEFORE NEWS WITH 17 PIPS SL / TP 70 PIPS
-Retract SL to 0 as soon as in profit

--------------

AUD Employment Change, Wed Sep 11th 9:30 pm N.Y. Time

How to trade:
-MARKET BUY ORDER 2 MINUTES BEFORE NEWS WITH 17 PIPS SL / TP 70 PIPS
-Retract SL to 0 as soon as in profit

--------------

ECB President Draghi Speaks, Thu Sep 12th 7:40 am N.Y. Time

How to trade:
-MARKET BUY ORDER 2 MINUTES BEFORE NEWS WITH 7 PIPS SL / TP 70 PIPS
-Retract SL to 0 as soon as in profit

--------------

These are our money-makers! Don't miss them.
Trade at your own risk, market could go in an opposite way and make you lose your money!
Invest in alarm clocks
  • #8,540
  • Edited 1:21am Sep 9, 2013 12:43am | Edited 1:21am
hello Tony
and i thought its going to be a slow week.....
once u mentioned its hard to trade gbp casue of the spread and u said to quit on that one //but prolly there are differences between certain GBP news approaches?//
AUD - widening the arsenal?

truly looking forward to the vids eventually and hopefully....
reserving front seat pls
making money in JimB2468 trading room
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