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Central Banks & Big Players

  • #9,021
  • Nov 6, 2013 4:20pm Nov 6, 2013 4:20pm
anyone up to AUD news?
  • #9,022
  • Nov 6, 2013 6:29pm Nov 6, 2013 6:29pm
tony how u trading the euro bank rate?
  • #9,023
  • Nov 6, 2013 6:39pm Nov 6, 2013 6:39pm
Quoting david1234
tony how u trading the euro bank rate?
I'm gonna be monitoring the ECB PRESS conference old-school style. As soon as I see a 5-7 pip burst out, I'm jumping on the train as if there's no tomorrow. 4 pip SLs 2 attempts max
Invest in alarm clocks
  • #9,024
  • Nov 7, 2013 1:21am Nov 7, 2013 1:21am
Quoting Tony112
{quote} I'm gonna be monitoring the ECB PRESS conference old-school style. As soon as I see a 5-7 pip burst out, I'm jumping on the train as if there's no tomorrow. 4 pip SLs 2 attempts max
But that is at the same time as US advance GDP and US unemployment claims. Three news releases all at the same time. Isn't that a bit tricky?
Tellboy
  • #9,025
  • Nov 7, 2013 3:38am Nov 7, 2013 3:38am
I've been following this system 1 year. Dont blame Tony for making things out of the scope of the standard system, because the experience is a priority, and if you have experience, you can try things that are out of the system.

I understand you guys, because the system are the map you use to interact in the market, and some people can get offensive when Tony does something different and confuses people, creating fear by not knowing what to really do.

As I said, I have plenty experience in this concept and all I can tell you guys: Take the value.

Understand the concepts moving in this system. The momentum concept. Why the stop loss is fast moved to 0.

If you understand the core concepts, you can switch like Tony do, and apply in different scenarios.

I have an unique strategy I use pretty succesful based on this. The orders are split in 2, the stop loss is modified, BUT the MM concept still here.

Just understand the concepts and apply to your needs.
  • #9,026
  • Nov 7, 2013 4:04am Nov 7, 2013 4:04am
Quoting tellboy
{quote} But that is at the same time as US advance GDP and US unemployment claims. Three news releases all at the same time. Isn't that a bit tricky?
There are two ways market can go. Whether it goes all much in same direction or there will be "rally" up and down, I guess that first spike will be good enaugh to profit with TP.
  • #9,027
  • Nov 7, 2013 4:51am Nov 7, 2013 4:51am
ECB just changes its interest rate to 0.25% and blew all plans out of the water. Did anyone catch it?
Tellboy
  • #9,028
  • Nov 7, 2013 4:56am Nov 7, 2013 4:56am
I heard from my local radio that ECB planning cut rates. Because my local radio never lies -- so I put sell and closed with 76 pips
  • #9,029
  • Nov 7, 2013 5:14am Nov 7, 2013 5:14am
Quoting granparadiso
I heard from my local radio that ECB planning cut rates. Because my local radio never lies -- so I put sell and closed with 76 pips

i closed "only" with 20pips...hmmm...is it some inside trading radio??
  • #9,030
  • Nov 7, 2013 5:33am Nov 7, 2013 5:33am
Took 21 pips from GDP
  • #9,031
  • Nov 7, 2013 5:34am Nov 7, 2013 5:34am
If only I knew about min bid rate, damn, so much cash, it makes me cry
  • #9,032
  • Nov 7, 2013 5:56am Nov 7, 2013 5:56am
wooopeeee it fell like a rock, after the failed buys with german and french pmi, changed of strat to cover short...

"be water", says bruce lee!
  • #9,033
  • Nov 7, 2013 5:59am Nov 7, 2013 5:59am
Exceptionality, it is extremely difficult to notice 5 pip candles after such big movements. Normally the ECB press conference is not preceded by such movements. It's useless to monitor anything whatsoever.
Invest in alarm clocks
  • #9,034
  • Nov 7, 2013 6:29am Nov 7, 2013 6:29am
Took 15 pips right after GDP. I feel better right now.
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  • #9,035
  • Nov 7, 2013 7:37am Nov 7, 2013 7:37am
Seems like a lot of us earned some $$$ today. What about our chief of the board? Tony, how are you?

This whole forex thing is like a rollercoaster. Yesterday i was crying, today im laughing... it is scarry and so exciting at the same time.
  • #9,036
  • Edited 2:33pm Nov 7, 2013 9:36am | Edited 2:33pm
Quoting 3spak
If only I knew about min bid rate, damn, so much cash, it makes me cry
Hi 3spak!
Did you read my post 8725 and 8727 in Central Banks & Big Players?
I saw that you use the same strategy like me! :-)
Yes I know that it works very well! I had a very good broker but they closed some days ago, I have now an account at oanda and also an ecn mt5 account with another broker, but today they had again around 10 pips slippage. :-( You said that Admiral Markets has noch slip. and very small spread at the pro account. Are you sure that the mt5 account at Admiral Markets has also no slip. and no spreadwidening? Do you already have your mt5 ea?
Regards Erkro
  • #9,037
  • Nov 7, 2013 12:57pm Nov 7, 2013 12:57pm
Quoting erkro
{quote} Hi 3spak! Did you read my post 8725 and 8727 in Central Banks & Big Players? I saw that you use the same strategy like me! :-) Yes I know that it works very well! I had a very good broker but they closed some days ago, I have now an account at oanda and a second one at activtrades, but today they had again around 10 pips slippage. :-( You said that Admiral Markets has noch slip. and very small spread at the pro account. Are you sure that the mt5 account at Admiral Markets has also no slip. and no spreadwidening? Do you already have your...
Yes, they have no slippage. Mainly slippages come when brokers doesn'tt have good terminal/server, so slippage is there where orders aren't executed fast(you can see it, when you open order you must wait some sec before it opens). There is no such a thing with AM pro or mt5 accounts (they have slippage on standart account). Currently I'm using pro account, because I don't have an EA for mt5 platform. I tried to trade manually on mt5 and I liked it much more than on pro account. If you press the buy/sell button, there is no lag at all, you can immediately see the open trade. So I have used pro account for 3 months and I haven't got no slippage, even I have traded all these risky news, the only time I lost was 3rd oct GBP Services PMI, I put too tight order gap and got whipsawed. If there is no slippage on pro then on mt5 there just cannot be. And spread, it stays low max 4-5, maybe sometimes can be even 6.
  • #9,038
  • Edited 6:24am Nov 8, 2013 6:11am | Edited 6:24am
Quoting 3spak
{quote} Yes, they have no slippage. Mainly slippages come when brokers doesn'tt have good terminal/server, so slippage is there where orders aren't executed fast(you can see it, when you open order you must wait some sec before it opens). There is no such a thing with AM pro or mt5 accounts (they have slippage on standart account). Currently I'm using pro account, because I don't have an EA for mt5 platform. I tried to trade manually on mt5 and I liked it much more than on pro account. If you press the buy/sell button, there is no lag at all, you...
Hi 3spak!
First thanks for your answer!
Did you trade NFP?
Because I opened a demo account at AM with mt5 ecn and was testing NFP. The SL of the long trade had slippage from around 30 pips, it was so fast that the short trade also kicked in, BUT also with a slippage from around 30 pips, so I had only around 5-7 pips minus because I had a SLIPPED HEDGE ON AN ACCOUNT WHERE THERE IS NO HEDGE ALLOWED. I know that it was no hedge!!!! !! Unbelievable! Is it possible that your pro account with mt4 is better than the mt5 at AM, because with mt5 also demo account was not tradeable.
Erkro
  • #9,039
  • Nov 8, 2013 7:39am Nov 8, 2013 7:39am
Quoting erkro
{quote} Hi 3spak! First thanks for your answer! Did you trade NFP? Because I opened a demo account at AM with mt5 ecn and was testing NFP. The SL of the long trade had slippage from around 30 pips, it was so fast that the short trade also kicked in, BUT also with a slippage from around 30 pips, so I had only around 5-7 pips minus because I had a SLIPPED HEDGE ON AN ACCOUNT WHERE THERE IS NO HEDGE ALLOWED. I know that it was no hedge!!!! !! Unbelievable! Is it possible that your pro account with mt4 is better than the mt5 at AM, because with...

That is interesting. I traded it, got SL on long position 12 pips as I wanted, no slippage. Thats actually scary, because I wanted mt5 account so bad. There might be one problem that caused it - Is your internet fast? This might cause slippage as well. When I contacted AM they isisted me that mt5 probrably have no slippage, cause this terminal is much faster. I really can't answer that, mystery.
  • #9,040
  • Nov 8, 2013 8:51am Nov 8, 2013 8:51am
whera are you Tony and your fantastic trade???
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