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  • #8,581
  • Sep 11, 2013 8:32pm Sep 11, 2013 8:32pm
fail, I'm glad to lose 23 pips only

Pure Elevations for this news is about 60 pips as you may notice, we'll catch it next time.

23/60 I'm always in for this game folks!
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  • #8,582
  • Sep 11, 2013 8:33pm Sep 11, 2013 8:33pm
Great situation for those that took the short bus.
  • #8,583
  • Sep 11, 2013 8:37pm Sep 11, 2013 8:37pm
Quoting Fedmayne
Great situation for those that took the short bus.

It's all good, it will happen half of the time!!!! these are minimal loses
Invest in alarm clocks
  • #8,584
  • Sep 11, 2013 8:38pm Sep 11, 2013 8:38pm
We have another news tomorrow at 7:40, don't you miss it!
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  • #8,585
  • Sep 11, 2013 8:39pm Sep 11, 2013 8:39pm
I have been lurking on this forum for a while now and posting bits here and there. Im still amazed at how this really does work. Props to you as well Tony for keeping a great thread alive and breathing.
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  • #8,586
  • Sep 11, 2013 8:51pm Sep 11, 2013 8:51pm
Quoting Fedmayne
I have been lurking on this forum for a while now and posting bits here and there. Im still amazed at how this really does work. Props to you as well Tony for keeping a great thread alive and breathing. {image}

Of course it works!! look at the length of that candle!!! you risk 20 pips to get 60 in exchange instantly. It's a no brainer. It just takes discipline and a lot of courage when you go above 100k$!
Invest in alarm clocks
  • #8,587
  • Sep 11, 2013 8:56pm Sep 11, 2013 8:56pm
I don't know if it is already discussed... but can we just open two opposite orders, buy and sell? So we will always win, example with this news. Win 70 loss 20, we could still have those 50pips. But I guess this should be done on two different account... or sub account if using oanda... just my thinking...
  • #8,588
  • Sep 11, 2013 9:09pm Sep 11, 2013 9:09pm
Quoting Tony112
{quote} Of course it works!! look at the length of that candle!!! you risk 20 pips to get 60 in exchange instantly. It's a no brainer. It just takes discipline and a lot of courage when you go above 100k$!
I can only imagine trading those digits Tony lol. I know it may already be posted somewhere but when it comes to risk do you just use 100% leveraged NAV or do you keep it fixed at a certain % of your account?
  • #8,589
  • Sep 11, 2013 9:40pm Sep 11, 2013 9:40pm
Quoting Fedmayne
{quote} I can only imagine trading those digits Tony lol. I know it may already be posted somewhere but when it comes to risk do you just use 100% leveraged NAV or do you keep it fixed at a certain % of your account?

99% leveraged Nav because fast price fluctuations can sometimes give you an INSUFFICIENT FUNDS message.

If something works, there's no reason to exploit it at a low %, you go at full speed. It only takes balls. There's a limit... A beginner that just starts and right away starts using 250 to 500 mount Everest leverage will be pretty discouraged after only a few trades. No experience. I wouldn't trade with more than 50 of leverage
Invest in alarm clocks
  • #8,590
  • Sep 11, 2013 9:43pm Sep 11, 2013 9:43pm
Quoting smadleva
I don't know if it is already discussed... but can we just open two opposite orders, buy and sell? So we will always win, example with this news. Win 70 loss 20, we could still have those 50pips. But I guess this should be done on two different account... or sub account if using oanda... just my thinking...
Yes it works. I would need a copy of me as well to control that account cause I wouldn't hire anyone to do it for me. Not with the digits I'm playing with. Don't forget I manually manage the trades and progressively retract SLs according to price movement. I'm conservative on that side... I have only 1 account
Invest in alarm clocks
  • #8,591
  • Sep 11, 2013 9:49pm Sep 11, 2013 9:49pm
Quoting Tony112
{quote} 99% leveraged Nav because fast price fluctuations can sometimes give you an INSUFFICIENT FUNDS message. If something works, there's no reason to exploit it at a low %, you go at full speed. It only takes balls
Thank you for the quick response. I never even thought about that 1% creating an issue, although I do see how it could be a potential problem if the action starts without you on board.
  • #8,592
  • Sep 11, 2013 11:46pm Sep 11, 2013 11:46pm
Quoting Tony112
fail, I'm glad to lose 23 pips only Pure Elevations for this news is about 60 pips as you may notice, we'll catch it next time. 23/60 I'm always in for this game folks! {image}

I traded the AUD unemployment too. My SL is 18 pips but slip 20pips for total lost of 38 pips on FXOpen Aus Standard ECN account.
Luckily only traded 0.1 lot.

Tony, What is the spread during the news? What time you entered. Exactly 2 min before news?
  • #8,593
  • Sep 11, 2013 11:57pm Sep 11, 2013 11:57pm
Quoting skyline
{quote} you were lucky, i traded wrongly EURUSD instead of GBPUSD and lost 7 pips lol (ok it's demo account so no hurt )

I traded wrong pair too. But on live account
  • #8,594
  • Sep 12, 2013 1:55am Sep 12, 2013 1:55am
Quoting Tony112
{quote} Yes it works. I would need a copy of me as well to control that account cause I wouldn't hire anyone to do it for me. Not with the digits I'm playing with. Don't forget I manually manage the trades and progressively retract SLs according to price movement. I'm conservative on that side... I have only 1 account
Tony, great system. I'm using something similar, but a bit different approach.
I was wondering, how you select news you trade....do you have sort of list or just pure experience?

Thanks
  • #8,595
  • Sep 12, 2013 1:58am Sep 12, 2013 1:58am
Quoting alberKK
{quote} I traded the AUD unemployment too. My SL is 18 pips but slip 20pips for total lost of 38 pips on FXOpen Aus Standard ECN account. Luckily only traded 0.1 lot. Tony, What is the spread during the news? What time you entered. Exactly 2 min before news?

my SL slipped 8 pips,,,i guess not bad..a l p a r i mt5,so cold ecn,,,
gonna try bucket shop this time...
just feeling out the process
making money in JimB2468 trading room
  • #8,596
  • Sep 12, 2013 4:18am Sep 12, 2013 4:18am
Quoting Tony112
{quote} Yes it works. I would need a copy of me as well to control that account cause I wouldn't hire anyone to do it for me. Not with the digits I'm playing with. Don't forget I manually manage the trades and progressively retract SLs according to price movement. I'm conservative on that side... I have only 1 account
Hi Tony.
Few hours and speaks Draghi
Please do you confirm put a buy order ?How amny pips stop los?
thanks and sorrył
armyda
  • #8,597
  • Sep 12, 2013 5:48am Sep 12, 2013 5:48am
Tony wrote:

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
  • #8,598
  • Sep 12, 2013 6:13am Sep 12, 2013 6:13am
Quoting alberKK
Tony wrote: 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
Thanks Alber
  • #8,599
  • Sep 12, 2013 6:33am Sep 12, 2013 6:33am
Which brokers offer low or no slippage other than Oanda?
  • #8,600
  • Sep 12, 2013 6:36am Sep 12, 2013 6:36am
FXOpen slippage is huge!
AUD unemploymen trade, my SL slipped 20pips
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