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  • #8,661
  • Sep 15, 2013 5:09pm Sep 15, 2013 5:09pm
Quoting alberKK
{quote} 2 minutes in advance is definitely more than enough time to place a trade..... in correct direction!
Just to clarify things. Say the news is "Released" at 2:30

The "Thomson Reuters subscribers" Will receive the news at 2:28 and the market already jumps or plummets at 2:28.

So for this news we actually buy at 2:26. So 2 mins before the "Thomson Reuters subscribers" get it.

Therefor there is no point in receiving the news at the same time as the "Thomson Reuters subscribers"

Do you understand now?

~Dustin
  • #8,662
  • Sep 15, 2013 5:53pm Sep 15, 2013 5:53pm
Quoting dvanderlinde
{quote} Just to clarify things. Say the news is "Released" at 2:30 The "Thomson Reuters subscribers" Will receive the news at 2:28 and the market already jumps or plummets at 2:28. So for this news we actually buy at 2:26. So 2 mins before the "Thomson Reuters subscribers" get it. Therefor there is no point in receiving the news at the same time as the "Thomson Reuters subscribers" Do you understand now? ~Dustin

I see......... Thanks Dustin.
Tony latest CBBP is enter 2 minutes before news time, but how come your example enter 4 minutes earlier? Confuse......

Actually, the purpose is for the actual release, let say Thomson Reuters news indicate positive for USD 2 mins in advance, we sell EurUsd
if Thomson Reuters news indicate negative for USD, we buy EurUsd.

I think with 2 minutes in advance, we can catch the correct spike. Better than always buy ONLY. Correct me if I'm wrong.
With Thomson Reuters news + CBBP strategy we'll be rich in no time. Thanks to Tony


Thanks you
  • #8,663
  • Sep 15, 2013 6:04pm Sep 15, 2013 6:04pm
Quoting dvanderlinde
{quote} Hey Fedmayne, If Tony risks say 6% per trade on a $100 account. After 25 losses in a row the accounts would be at $21.29 If there was 9 loses in a row the account would still be $57.29. But if you read his post he says he risks 3-4% max per trade. So lets say Tony always trades with 4% risk then after 9 straight loses he would still have 69.25% of his account left and with 3 wins in a row would be right back to even. Hope this makes sense and helps. And Tony if I am wrong about anything just let me know ~Dustin
Perhaps you can break down the math for me. I have a demo with Oanda and went into the trading settings and adjusted the default trade size to 98% leveraged NAV exactly as Tony has done. Now, if you are trading EU and needed to have an 18 pip stop for NFP plus the 1 pip spread you are at a total of 19 pips. With 50:1 leverage and using 98% of the total account balance that trade would have a risk far greater than 3 or 4 percent. For example, if I had a 1000 dollar account at the moment and was about to place a trade (EU @ 1.3373) I could open a trade for 36,369 (98% leverage NAV) units which translates into $3.63/pip. Take that rate x 19 pips and you are at a total risk of $68.97 which equals a risk of 6.89 percent to the account.
  • #8,664
  • Sep 15, 2013 7:56pm Sep 15, 2013 7:56pm
Just wondering Tony112 how many trades would you say you average a week?
He who knows when he can fight and when he cannot, will be victorious.
  • #8,665
  • Sep 15, 2013 8:03pm Sep 15, 2013 8:03pm
Quoting alberKK
{quote} I see......... Thanks Dustin. Tony latest CBBP is enter 2 minutes before news time, but how come your example enter 4 minutes earlier? Confuse...... Actually, the purpose is for the actual release, let say Thomson Reuters news indicate positive for USD 2 mins in advance, we sell EurUsd if Thomson Reuters news indicate negative for USD, we buy EurUsd. I think with 2 minutes in advance, we can catch the correct spike. Better than always buy ONLY. Correct me if I'm wrong. With Thomson Reuters news + CBBP strategy we'll be rich in...
If you look back to Tonys trades of the Thomson Reuters he enters 4 mins before FF says that news comes out. Because it actually comes out 2 mins before FF says it's released.

really hope this makes sense I don't wanna confuse you
  • #8,666
  • Sep 15, 2013 8:04pm Sep 15, 2013 8:04pm
Quoting Fedmayne
{quote} Perhaps you can break down the math for me. I have a demo with Oanda and went into the trading settings and adjusted the default trade size to 98% leveraged NAV exactly as Tony has done. Now, if you are trading EU and needed to have an 18 pip stop for NFP plus the 1 pip spread you are at a total of 19 pips. With 50:1 leverage and using 98% of the total account balance that trade would have a risk far greater than 3 or 4 percent. For example, if I had a 1000 dollar account at the moment and was about to place a trade (EU @ 1.3373) I could...
I will attempt to break it down for you when I get home
  • #8,667
  • Sep 16, 2013 2:36am Sep 16, 2013 2:36am
I'm ready to trade this news 08:00 (gmt) EUR ECB President Draghi Speaks
  • #8,668
  • Sep 16, 2013 2:40am Sep 16, 2013 2:40am
Quoting skyline
I'm ready to trade this news 08:00 (gmt) EUR ECB President Draghi Speaks

which way are you trading? and what is stop loss and tp?
He who knows when he can fight and when he cannot, will be victorious.
  • #8,669
  • Sep 16, 2013 2:43am Sep 16, 2013 2:43am
Quoting TheDDReport
{quote} which way are you trading? and what is stop loss and tp?

I'll try long order 2 min before news, with sl 7 pips , tp not set (hope to go at least 100 pips), will move sl to 0 when in profit (5-10 pips)
  • #8,670
  • Sep 16, 2013 3:10am Sep 16, 2013 3:10am
sl moved to 0, free trade but price is not going anywhere
  • #8,671
  • Sep 16, 2013 3:15am Sep 16, 2013 3:15am
Quoting skyline
sl moved to 0, free trade but price is not going anywhere

EURUSD price action killing me been in 15 pip range for past 8 hours...
He who knows when he can fight and when he cannot, will be victorious.
  • #8,672
  • Sep 16, 2013 3:30am Sep 16, 2013 3:30am
Quoting TheDDReport
{quote} EURUSD price action killing me been in 15 pip range for past 8 hours...
yes and the funny thing was that huge spike of more 60 pips on opening
  • #8,673
  • Sep 16, 2013 3:31am Sep 16, 2013 3:31am
Quoting skyline
{quote} yes and the funny thing was that huge spike of more 60 pips on opening
for real haha... this london sesh is starting to feel like an asian sesh...
He who knows when he can fight and when he cannot, will be victorious.
  • #8,674
  • Sep 16, 2013 4:22am Sep 16, 2013 4:22am
Quoting skyline
{quote} yes and the funny thing was that huge spike of more 60 pips on opening
Yes and that's why this strategy doesn't work.

On demo account perhaps, but in REAL life (ECN broker), i tried it and even with a 15 pips stop loss, you lose 60 pips because we had a spike of 60 pips in ONE tick...

This is not a problem of the spread (you can pay 20 pips spread if you win 40pips: that is not a problem if you win !), this is a problem of the stop loss not garanted.

So for me and ECN broker : doesn't work at all in REAL ! Show me a broker where you have a garanted stop loss...
Enter Signature
  • #8,675
  • Sep 16, 2013 4:26am Sep 16, 2013 4:26am
Quoting FxGunner
{quote} Yes and that's why this strategy doesn't work. On demo account perhaps, but in REAL life (ECN broker), i tried it and even with a 15 pips stop loss, you lose 60 pips because we had a spike of 60 pips in ONE tick... This is not a problem of the spread (you can pay 20 pips spread if you win 40pips: that is not a problem if you win !), this is a problem of the stop loss not garanted. So for me and ECN broker : doesn't work at all in REAL ! Show me a broker where you have a garanted stop loss...


hes talking about the 60 pip spike when the markets opened at the aussie sesh i think... which you shouldnt have tried n traded if you were following the rules.
He who knows when he can fight and when he cannot, will be victorious.
  • #8,676
  • Sep 16, 2013 4:30am Sep 16, 2013 4:30am
Quoting TheDDReport
{quote} hes talking about the 60 pip spike when the markets opened at the aussie sesh i think... which you should have tried n traded if you were following the rules.

exactly I was talking about the gap in the opening on eurusd between friday close (around 1.3292) and the open (1.3354).

Btw my previous trade closed at 0 loss , i'm also happy with this result
  • #8,677
  • Sep 16, 2013 4:31am Sep 16, 2013 4:31am
shouldnt*
He who knows when he can fight and when he cannot, will be victorious.
  • #8,678
  • Sep 16, 2013 4:38am Sep 16, 2013 4:38am
Quoting TheDDReport
shouldnt*
No guys, i tried the ECB President Draghi speech last week and on EURUSD you had a spike in ONE tick of more than 30 pips down.

If you were taking a BUY you would have lost more than 30 pips (2 minutes before the price was even higher) and not 7 pips (SL) like said on page 1 because the spike was in one tick.

Please correct me were i didn't follow rules on page 1 ?

Maybe it works only with Tony's broker...

Thanks.
Enter Signature
  • #8,679
  • Sep 16, 2013 4:47am Sep 16, 2013 4:47am
Quoting FxGunner
{quote} No guys, i tried the ECB President Draghi speech last week and on EURUSD you had a spike in ONE tick of more than 30 pips down. If you were taking a BUY you would have lost more than 30 pips (2 minutes before the price was even higher) and not 7 pips (SL) like said on page 1 because the spike was in one tick. Please correct me were i didn't follow rules on page 1 ? Maybe it works only with Tony's broker... Thanks.

As far as i could remember there was no spike on that news , at least on Oanda FXTrade java platform, my sl wasn't hit and i moved my sl to 0, my sl was hit at 7 pips (I checked again in trade hystory).
Maybe you could switch to Oanda broker for better execution (i'm not affiliate with them in any way)
  • #8,680
  • Sep 16, 2013 4:49am Sep 16, 2013 4:49am
Quoting FxGunner
{quote} Show me a broker where you have a garanted stop loss...
http://www.ig.com/uk/risk-management
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