Central Banks & Big Players

Good job!

Big slippage on fxdd
but 30 pip profit
partialy closed

next is fomc

This news was also profitable for me. Could have won 20% of my capital only today, but as I was testing, put smaller lots.

caty believe you fellas are still trading this. have you actually made any money with this since the last time i posted here over 3 months ago ? or are just making then losing not getting anywhere.

What you think FOMC movement will be like?

I shorted and got + 6.5 pips. Got out too early.
Why shorted? I decide up or down looking at 5 min. chart at last two bars.

My chart:

I placed 2 pending orders.
SL @ BE+1

oh God, got whipsawed like a horse

Dont even wanna post a screenshot I have to recuperate.

OMG the cut is deep it hurts

Pain is failure leaving the body.

I also lost money on the news of AUD. 28 pips of spread nobody deserves. Just broke my booking account. Triggered instantly the SL.

What broker is that?

that's deep

OK, it's confirmed, I'll have to trade CAD employment news since in the States, it doesn't exist anymore. Non-Farm Payrolls don't exist. Good Job.

Tomorrow I'll be on it with MAX lots. This will draw how my week-end will be. Good luck Tony.

anyone trading german CPI?

ok i GOT whipfailed again, no volatility,

thank you usa for cutting the NFP good job

my week's evaluation

Hi Tony

I feel for you mate.
Why don't u introduce some filters to your system
to stop u from entering trades that have no significant edge?

The major problem I see with your system is that it's now gone public so perhaps many people trade it
and are using large lots so all of a sudden we have a liquidity target for brokers and others to grab at a close distance.

Look at how price ranged before the news and where the closest SL clusters are.
Price will head for those stops and even if the price is likely to go in the other direction
the brokers will probably increase spreads and take out the strops that way.


You could put additional rules in there
eg,

1. Avoid days when big players could be away.

2. No trades on Mondays or Fridays or on days with/without significant events

3. if the pair has already done 150 pips it is likely to spike another 80 pips?

4. If there is significant resistance above and price has not been hammering it all day
it is likely for price to spike right through it

5. etc etc

Trading without an edge feels a lot like gambling.....
Good luck.

I've been trading news releases since 2004. The last few years volaitlity is very low. Central banks monetary policy is predictable for months ahead and the economic data have almost no impact. Don't trade the news like this until FED starts to slow bond purchases at least. You are gambling, not trading. Spot is overcrowded arounf news because this is favorite HFT strategy. Don't trade the spot, options provide much better opportunities. You can trade the price or volatility. Risk is clearly defined and no whipsaw can do any harm.
As billv said "Trading without an edge feels a lot like gambling....." Options can give you that edge with the leverage they provide.

Upcoming for the week:


GBP CPI

German ZEW Economic Sentiment

GBP Claimant Count Change

GBP Retail Sales m/m


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