Central Banks & Big Players

The big news is tomorrow
we should be able to double our accounts 2 times

good luck every body

Closed and got 5.1 pips

You mean the FOMC I guess, even it is not included in high volatility news in post #1...

I had been following this thread quietly for quite some time and experimenting the concept for quite a while. The reason why this method could be successful is simply that when you win, it's going to be a good win. When you loss, the damage is contained so you'll live to trade another day.

That said, there are several random points that I like to share based on my experience:

1. We are fighting against institutional and big players with their auto-trading algorithms, short term opportunities are indeed very limited because things are so fast nowadays. When we deal with some of these approved news released, you'll find that the spike most of the time may not be as epic as we would like it to be. So the key is not to be to greedy when you take your profits. Or you would be left with nothing at all, which is not exactly good business.

2. Stop losses during volatile news release on a real account doesn't always work well to protect your capital. For one thing it is not guaranteed anyway, another reason is market makers like Oanda has a conflict of interest with us. They can see where your stops are, and invariably will hunt your stops to take you down. It just business, because they are on the other side of the table. In order for traders to sell, Oanda has to buy, and vice versa.

3. I'm toying with some ideas on how to recover from the situation where you go long before the news release, but prices went south. I think it is possible to recover without resorting to stop losses, and would share my concept after I am more confident of it.

Hi TONY,
first of all thanks for this remarkable thread.Do you have any advice regarding the tomorrows FOMC meeting news.do you think it will shift the EURO trend towards the direction of the news(Tappering/no tappering)at least for short time?

Anyone using http://www.lqdmarkets.com/About-Us/L...rkets-Benefits

1. No requotes: Enjoy the best possible order execution, and no slippage.

Please share experience, is it true they have NO no slippage???

Thanks

No slippage but if you have one spike in ONE tick, you take the next price .... You can be stopped far away from where you wanted to, especially during big news... True : i had a chat on that this day on their website.

I am trying to develop a similar strategy except entering at different session open times.
But when I compared session times from wikipedia to FF, I have come across some inconsistency.
I have GMT+0 times of each session analyzed in this excel file attached.

Can someone have a look and tell me which source is most authentic for session time data?
Would you favour FF?

Hi CB Traders!
I trade since around 2001 and I am a breakout trader. Around 3 years ago I came to Tonys thread and got some very good ideas from him. Thanks Tony!
I trade Tonys listed news and some others, I made my own statistics over the last 10 month. I trade with a straddle 7 pips above and 7 pips below the price some seconds bevor the news, both with a 5 pip stop loss, and it worked very well over the last 12 month. It worked so well that I will not write how much % I made, because nobody would believe it.
I have or had a broker in UK where I have no slippage and 1 pip spread at eur/usd, it is a big bank, and they have also oanda technology, same platform, everything is the same, only the spread is not the same. Why? Could it be that some broker read that a looooot of traders are trading news with high leverage, at the same time? I think that 20 pips in 1 second with very high leverage from a loooot of news traders would be better than 1-2 pips!!
I had 1 pip spread on every news until now!!!!! Same platform, same technology???
My problem is, that this bank closes their trading platform in around 2 month, and I was looking for a broker who has the same advantage since around 1 month.
I found some, they said we have zero spread and no slippage, and I tested it. Yes nearby 0 spread and no slippage, but at news times they were up to 30 pip spread.
So I made the decision to trade the same way like Tony, buying 2 min. before the news, and it will also work because of the very good r/r ratio.
When we trade this way, we don't need O......... or other brokers which expand their spread up to 20 or 30 pips. Today I tested an UK ECN broker with a metatrader platform, I don't like metatrader, but with buying 2 min. before news it worked very well. They had 4 pip spread at GBP MPC Asset Purchase Facility Votes! Ok its a demo, but I was trading with this broker for about 5 years in the past and I remember they was ok.
I do that because I want to have the stop as small as possible, so I can trade more units, same risk.
I am further testing and we will see.
Best wishes
Erkro

Erkro, how do you deal with the big 50 pips spikes in one tick when you have stop loss with your ECN broker ?

Maybe you don't have this problem on a demo. Take care : Demo accounts doesn't reveal every account limits.

Thanks.

Fomc has disappointed me recently with lack of volatility and bidirectional movements. If you want to try it, place a trade 2 mins before with a 15 pip SL, TP 50. Retract as usual.

Hi FXGunner!
I know that there is a difference between demo an realaccount!
Maybee it was my mistake, I trade only on my realaccount with real money, and I had no spike at marketindex for a long time.
I am testing some demo accounts only to see the spread at news, and I know that it is not for sure, that this spread will be the same at the realaccount, but the broker I was testing today I had already a realaccount for around 5 years, and I know that the spread there is the same as in demo.
Erkro

Entered long today on GBP MPC news at 8:30 gmt, sl at 0 and profit floating around 30-40 pips , tp set to 100 pips

Update : 100 pips hit (real money account) ! sl was 7 pips , tp 100 (R:R = 14:1), account +12% with this single trade

Thank you Tony

i guess most of us feel sick with this kind of FOMC move

F&^#*ck!!!
I closed +75 and +100 pips on FOMC with R:R 10:1!
Tony

Hello Tony, okay? I hope so.
Again thank you for updating your trading system.

Would have a file in a file .doc so I can translate it into my language?

i guess its my lucky day, i made 80 pips out of the FOMC and 50 pips out of the NZD GDP , i'm gonna celebrate, lets party !

Happy for all of you guys. I opted to stay out of FOMC. See what it did?

I think a lot of people will become rich because of this thread. Take advantage while the info is there lol! We never know

guys where to buy order?? before the news??? just buy when the news is about to start ??? and sl 10 pips and put breakeven once profit?