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  • #8,681
  • Sep 16, 2013 6:04am Sep 16, 2013 6:04am
Question for Tony:

Whats your opinion about the old 7-8 pips + continuation pattern. Is still alive?
  • #8,682
  • Sep 16, 2013 6:20am Sep 16, 2013 6:20am
Quoting skyline
{quote} 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)
This is something to look at closely : Broker can do so much with this kind of trading. Everybody much check for this spikes in one tick before doing anything.

I will look for guaranted stops too.

Thanks.
Enter Signature
  • #8,683
  • Sep 16, 2013 6:35am Sep 16, 2013 6:35am
Does anybody made some basic statistics with the news events stated in post 1 ?

I mean: 50% buy and 50% sell winners of something else ?

I know we must only take buy, i want to see if it is anyway well balanced. I think a LOT of people already have done that.

Does anybody have tried a straddle with guaranted stop loss ? I am in the field of many few pips but forever... A 60 pip spike in one tick is my nightmare

Thanks.
Enter Signature
  • #8,684
  • Sep 16, 2013 8:39am Sep 16, 2013 8:39am
big boys have changed the way of this business and unfortunately there's nothing we can do
  • #8,685
  • Sep 16, 2013 8:09pm Sep 16, 2013 8:09pm
tony, so far im half way through this thread and its been inspiring to say the least. post 2858 has to be my favourite one.
it seems to me so far from what i read you found success during 2010 with the 2 pip sl and 140 tp method at london and ny opens. is this still the method used?
im using it too since the start of this week and hope to see success in the fiscal year starting now.
thanks for starting this thread tony

Jay24
  • #8,686
  • Sep 16, 2013 9:41pm Sep 16, 2013 9:41pm
Quoting jay24
tony, so far im half way through this thread and its been inspiring to say the least. post 2858 has to be my favourite one. it seems to me so far from what i read you found success during 2010 with the 2 pip sl and 140 tp method at london and ny opens. is this still the method used? im using it too since the start of this week and hope to see success in the fiscal year starting now. thanks for starting this thread tony Jay24

Lol, I went back to reading that post. I've seen ups and downs during my whole journey. It seems that the devil always comes back to make me do wrong moves... The success came before 2010 but was ruined by some bad decisions. I always knew what to do. The London opens and NY opens will work with proper management. The news trading is similar. It gives a better edge according to actual market conditions. All you need is stability. I'm waiting for my 5 am news. I know it's gonna give me better volatility than the London open usually.
Invest in alarm clocks
  • #8,687
  • Sep 16, 2013 9:42pm Sep 16, 2013 9:42pm
Quoting jonander50
Question for Tony: Whats your opinion about the old 7-8 pips + continuation pattern. Is still alive?
Current market conditions are favorable for the listed news trades. Don't miss the 5 a. m. news
Invest in alarm clocks
  • #8,688
  • Sep 16, 2013 9:58pm Sep 16, 2013 9:58pm
Quoting Tony112
{quote} Lol, I went back to reading that post. I've seen ups and downs during my whole journey. It seems that the devil always comes back to make me do wrong moves... The success came before 2010 but was ruined by some bad decisions. I always knew what to do. The London opens and NY opens will work with proper management. The news trading is similar. It gives a better edge according to actual market conditions. All you need is stability. I'm waiting for my 5 am news. I know it's gonna give me better volatility than the London open usually.
so read the whole forum from start to finish. Tony, youre a hero to a 20 year old fx trader. you know what, youre a don mate. i just want to say thanks and i really appreciate how you selflessly scattered treasured information in this post to make new retail traders journey in this market so much easier. no human is perfect but from what ive read, you have a good heart.
i dont really feel like i have anything worth adding to this moment in time, but i just thought of a little saying. (maybe it sounds wise to me because its 4am here lol)

'money makes the world go round, but money makes you dance with the devil too.
just do what you do and keep smashing like your naems bruce banner

thanks a lot
Jay24
  • #8,689
  • Sep 17, 2013 2:15am Sep 17, 2013 2:15am
Quoting jay24
{quote} so read the whole forum from start to finish. Tony, youre a hero to a 20 year old fx trader. you know what, youre a don mate. i just want to say thanks and i really appreciate how you selflessly scattered treasured information in this post to make new retail traders journey in this market so much easier. no human is perfect but from what ive read, you have a good heart. i dont really feel like i have anything worth adding to this moment in time, but i just thought of a little saying. (maybe it sounds wise to me because its 4am here lol)...

Thanks for reading! I know it was long but entertaining too, no doubt! For the knowledge... keep in mind it really takes a lot from you too... A lot of will and discipline on your own.. It's been a long journey and it continues. Regardless of losses or gains, rainy days or sunny days, I get my freedom here and will never stop.
Invest in alarm clocks
  • #8,690
  • Sep 17, 2013 3:10am Sep 17, 2013 3:10am
Hi Tony, do you think is too risky to trade the upcoming news at 8:30 (gmt) GBP CPI y/y ?
  • #8,691
  • Sep 17, 2013 3:26am Sep 17, 2013 3:26am
Quoting skyline
Hi Tony, do you think is too risky to trade the upcoming news at 8:30 (gmt) GBP CPI y/y ?

Go for it. but minimum lots. I'm putting up a mini trade on this now, buy with 15 pips
Invest in alarm clocks
  • #8,692
  • Sep 17, 2013 3:27am Sep 17, 2013 3:27am
ok bought, keep in mind it's not part of the list, I'm trading at minimum power
Invest in alarm clocks
  • #8,693
  • Sep 17, 2013 3:31am Sep 17, 2013 3:31am
lost 10 pips, I knew it was not going to be good, barely lost some money at all
Invest in alarm clocks
  • #8,694
  • Sep 17, 2013 3:32am Sep 17, 2013 3:32am
Keep your $ for the ZOO in 30 mins
Invest in alarm clocks
  • #8,695
  • Sep 17, 2013 3:35am Sep 17, 2013 3:35am
Quoting Tony112
lost 10 pips, I knew it was not going to be good, barely lost some money at all

yes me too , i lost 7 pips , ok no problem no big loss

Let's try again in the upcoming news
  • #8,696
  • Sep 17, 2013 4:35am Sep 17, 2013 4:35am
Stopped out at BE+2, has been good for 15 pips so far
Regards
  • #8,697
  • Sep 17, 2013 4:38am Sep 17, 2013 4:38am
Me too, stopped out at BE+3
  • #8,698
  • Sep 17, 2013 4:41am Sep 17, 2013 4:41am
stopped out at -7 pips , i choose a more strict sl 7 pips instead of 10-15 pips
  • #8,699
  • Sep 17, 2013 4:48am Sep 17, 2013 4:48am
Joining BE club after ZEW.
  • #8,700
  • Sep 17, 2013 5:34am Sep 17, 2013 5:34am
Quoting skyline
Hi Tony, do you think is too risky to trade the upcoming news at 8:30 (gmt) GBP CPI y/y ?
I skiped this news, you can see on pictures below that this news is not the news we want to trade by Tonys rules...

http://www.mql5.com/en/charts/767977...armada-markets
http://www.mql5.com/en/charts/767987...armada-markets
http://www.mql5.com/en/charts/768007...armada-markets
http://www.mql5.com/en/charts/768023...armada-markets
http://www.mql5.com/en/charts/768032...armada-markets
http://www.mql5.com/en/charts/768040...armada-markets
http://www.mql5.com/en/charts/768047...armada-markets
http://www.mql5.com/en/charts/768066...armada-markets
http://www.mql5.com/en/charts/773394...armada-markets

I will allso skip next news for usd Core CPI m/m, you can see on the chart below few month earlier how this news is behaving, ill wait news that is kiling in second min 50 pips..

http://www.mql5.com/en/charts/768089...armada-markets
http://www.mql5.com/en/charts/768100...armada-markets
http://www.mql5.com/en/charts/768110...armada-markets
http://www.mql5.com/en/charts/768117...armada-markets
http://www.mql5.com/en/charts/768125...armada-markets
http://www.mql5.com/en/charts/768172...armada-markets
http://www.mql5.com/en/charts/768175...armada-markets

http://www.mql5.com/en/charts/768156...armada-markets
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