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  • #8,941
  • Oct 24, 2013 2:33am Oct 24, 2013 2:33am
Today was not the right one... see you tomorrow for the IFO!
  • #8,942
  • Oct 24, 2013 2:33am Oct 24, 2013 2:33am
Minor loss. We weren't lucky with these two. Not the volatility I expect. Closing program
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Invest in alarm clocks
  • #8,943
  • Oct 24, 2013 2:34am Oct 24, 2013 2:34am
Counting on IFO, you're right, be patient! pip restore mode
Invest in alarm clocks
  • #8,944
  • Oct 24, 2013 2:35am Oct 24, 2013 2:35am
don't you see the perfect pinbar on H1 timeframe, after the breakout, off the BRN?

How can you imagine to go long in a situation like that?
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  • #8,945
  • Oct 24, 2013 2:36am Oct 24, 2013 2:36am
Quoting jimi
don't you see the perfect pinbar on H1 timeframe, after the breakout? How can you imagine to go long in a situation like that? {image}
I'm sorry but if we didn't get these results: 51.5 51.6
the pin bar would have been deep in my a$$ already
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  • #8,946
  • Oct 24, 2013 2:37am Oct 24, 2013 2:37am
always go long my friends, always
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  • #8,947
  • Oct 24, 2013 2:38am Oct 24, 2013 2:38am
Quoting Tony112
51.5 51.6
what's that?
  • #8,948
  • Oct 24, 2013 2:40am Oct 24, 2013 2:40am
Quoting jimi
{quote} what's that?

It's the results that they predicted with their damn crystal ball for that German report. It's not always like that I have a collection of charts and when the prediction are wrong we see the price move way more than that. Anyways I respected my stop and no gambling
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  • #8,949
  • Oct 24, 2013 2:40am Oct 24, 2013 2:40am
PMI indices for Germany, France and EC are usually in one direction. If the index for France came out worse than expected you should either trade Germany short or just skip it.
  • #8,950
  • Oct 24, 2013 2:41am Oct 24, 2013 2:41am
No problem friends as long as we didn't lose more than 10. Ifo is coming, they won't all go down. Remember the NFP this week. Stay positive.
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  • #8,951
  • Oct 24, 2013 2:44am Oct 24, 2013 2:44am
Quoting srmfx
PMI indices for Germany, France and EC are usually in one direction. If the index for France came out worse than expected you should either trade Germany short or just skip it.
Are you certain about what you say? That would be too easy... I can't tell you how many countless times I've see the German report completely overwrite the French report price movement (opposite directions). Nothing is correlated here, it's pure chaos. You just have to have the math behind to save you. German Flash *normally generates a 20 pip spike + more after and huge volatility. I played it cool today with a 10 pip SL and going to bed happy as a f.
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  • #8,952
  • Oct 24, 2013 2:45am Oct 24, 2013 2:45am
Long life to IFO!!! I'm waiting with my arms wide open IFOOOOOO
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  • #8,953
  • Oct 24, 2013 2:53am Oct 24, 2013 2:53am
The 20 pip up-move at 7 am is no precursor. I went with that thinking it was an indication of what to expect. But when I saw that French down spike on the 5 sec at 7.58 I cancelled and went south and stayed with it for the German. Came out on top with 27 pips. What I learned is this: go with the 7.58 move whether its up or down. I didn't get burned. It's a good system Tony, but to fix on only an up move is, in my humble opinion an error. I shall certainly be using this again with an either / or position. Thanks.
Tellboy
  • #8,954
  • Oct 24, 2013 3:02am Oct 24, 2013 3:02am
Of cource there is no 100% correlation, but if I was gambling I would keep an eye on the statistics.
  • #8,955
  • Oct 24, 2013 3:08am Oct 24, 2013 3:08am
Quoting srmfx
Of cource there is no 100% correlation, but if I was gambling I would keep an eye on the statistics.
If we are in profit from the French down move it makes sense to bring S/L below B/E and lock in a small profit and stay with it for the German. If the German goes the same way then we are quids in and if it goes the other way we still have a small profit from the French.
Tellboy
  • #8,956
  • Oct 24, 2013 3:36am Oct 24, 2013 3:36am
whoops I was an hour too early!!!
  • #8,957
  • Oct 24, 2013 4:07am Oct 24, 2013 4:07am
I deleted Frenf and German Flash from my list already in June. There were good movements during winter and spring time, but not anymore. Still, I got 0.6 pips from German one (still tried, even I knew there will be no good movement). So if look back to 2 months, sorry, but my method is better, I've gained same ammount of pips as you, but lost much less. Tommorrow the best news will be GPB Prelim GDP q/q, gona surely bank from this one.
  • #8,958
  • Oct 24, 2013 4:46am Oct 24, 2013 4:46am
Quoting 3spak
I deleted Frenf and German Flash from my list already in June. There were good movements during winter and spring time, but not anymore. Still, I got 0.6 pips from German one (still tried, even I knew there will be no good movement). So if look back to 2 months, sorry, but my method is better, I've gained same ammount of pips as you, but lost much less. Tommorrow the best news will be GPB Prelim GDP q/q, gona surely bank from this one.
How will you trade it?
  • #8,959
  • Oct 24, 2013 5:04am Oct 24, 2013 5:04am
Buystop and Sellstop 10-15 sec before news release, offset 5-10 (depending on spread of your broker, I will do 7), TP as soon as possible, I use EA for this, 1 pip in profit->Sl to BE and then let it float (at least 100p).
  • #8,960
  • Oct 24, 2013 5:05am Oct 24, 2013 5:05am
Quoting 3spak
Buystop and Sellstop 10-15 sec before news release, offset 5-10 (depending on spread of your broker, I will do 7), TP as soon as possible, I use EA for this, 1 pip in profit->Sl to BE and then let it float (at least 100p).

Sorry, SL as soon as possible
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