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  • #9,501
  • Jan 27, 2014 11:05am Jan 27, 2014 11:05am
Quoting Baraggia
and the last question is: Is there a software or page that you recommend for 5sec timeframes? Sorry for my english, not my mother language.
For 5 sec time frames. Oanda has 5 sec charts on FX trade platform. You can trade on both FX trade and Metatrader at same time, they are connected. Or you need broker with tick charts.

Other questions for Tony, i am just reader here. .....You should read whole thread.
  • #9,502
  • Jan 27, 2014 11:26am Jan 27, 2014 11:26am
Quoting burnzmeister
{quote} You could write a really simple EA for that, but someone on here said server postbacks were taking 30+ seconds. I doubt that's true though, as it would render most EAs useless, especially if you wanted to use it on S10 or S5 timeframes. Need to research this...
I've never created an EA before burnzmeister, would love to be able to.
  • #9,503
  • Jan 27, 2014 11:28am Jan 27, 2014 11:28am
Quoting gudzo25
hi tony, did you make any money of todays German Ifo Business Climate, and if so where did you put your tp
Bro see post #9494
  • #9,504
  • Jan 27, 2014 4:20pm Jan 27, 2014 4:20pm
Hi,
Tony are you trading pure price action and not worrying if the results from the news is bullish or bearish? For example you see a quick price increase and you decide that's the buy signal and then the news comes out and its bearish would u close position or just let it hit your stop loss assuming you have moved your stop loss to 0 already cause the price increased.
  • #9,505
  • Jan 27, 2014 5:34pm Jan 27, 2014 5:34pm
Quoting Wrongholio
Hi, Tony are you trading pure price action and not worrying if the results from the news is bullish or bearish? For example you see a quick price increase and you decide that's the buy signal and then the news comes out and its bearish would u close position or just let it hit your stop loss assuming you have moved your stop loss to 0 already cause the price increased.
If I'm not on the good side, most likely the SL will get hit (-15) If I get a chance to set it at 0 I will (whipsaw news)
Invest in alarm clocks
  • #9,506
  • Jan 27, 2014 6:34pm Jan 27, 2014 6:34pm
does anyone know how consistent the AUD-NAB Business confidence news triggers? it hit nearly 60 pips after news hit.
  • #9,507
  • Jan 27, 2014 6:54pm Jan 27, 2014 6:54pm
Was trading the NAB Business Confidence ( I am aussie too) and my entry was the little trend line I drew and exit was the second one. had a 5 pip trailing stop when I got positive and made a nice 30 pip profit. Not bad for second trade. My first trade was quite similar to your one on the German Ifo Business Climate I also had 0 loss. :-)
Attached Image (click to enlarge)
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  • #9,508
  • Jan 27, 2014 7:02pm Jan 27, 2014 7:02pm
sorry that is the 1 min chart but I was trading on the 5 sec chart
  • #9,509
  • Jan 27, 2014 8:42pm Jan 27, 2014 8:42pm
Quoting Wrongholio
Was trading the NAB Business Confidence ( I am aussie too) and my entry was the little trend line I drew and exit was the second one. had a 5 pip trailing stop when I got positive and made a nice 30 pip profit. Not bad for second trade. My first trade was quite similar to your one on the German Ifo Business Climate I also had 0 loss. :-) {image}
Good reflexes for someone that just started! Pretty impressed.
Invest in alarm clocks
  • #9,510
  • Jan 27, 2014 8:44pm Jan 27, 2014 8:44pm
The storm is coming soon for GBP/USD. Better be prepared, it's going to be violent with no pitty
Invest in alarm clocks
  • #9,511
  • Jan 27, 2014 10:09pm Jan 27, 2014 10:09pm
Hi friends and Thanks Tony,

My Broker doesn't provide 5 sec chart, i use Metatrader and it doesn`t provide 5 sec charts.. i want to use tick chart, is it ok?
i used to trade always after 10 minutes of news releases but your system is really interesting and nice thanks Tony..

Is there anyone who use 5 sec charts in Metatrade 5 ?

Thanks.
  • #9,512
  • Jan 28, 2014 2:09am Jan 28, 2014 2:09am
Quoting Tony112
The storm is coming soon for GBP/USD. Better be prepared, it's going to be violent with no pitty
standing by
  • #9,513
  • Jan 28, 2014 2:29am Jan 28, 2014 2:29am
Quoting Tony112
The storm is coming soon for GBP/USD. Better be prepared, it's going to be violent with no pitty
who knows ...???
my "crystal ball" made ​​in China did not tell me anything.
my English is not very good ...
  • #9,514
  • Jan 28, 2014 3:36am Jan 28, 2014 3:36am
that was one crazy gbp usd candle
  • #9,515
  • Jan 28, 2014 3:39am Jan 28, 2014 3:39am
As I said, there's a lot of violence in that news. It's a very very nasty whipsaw. I had to progressively drag down the SL as price was going down before news. It takes a lot of experience a a quick reaction
Attached Image (click to enlarge)
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Invest in alarm clocks
  • #9,516
  • Jan 28, 2014 3:42am Jan 28, 2014 3:42am
Quoting Tony112
As I said, there's a lot of violence in that news. It's a very very nasty whipsaw. I had to progressively drag down the SL as price was going down before news. It takes a lot of experience a a quick reaction {image}
I had set up a sell order for profit 30 pips.... but then lost my nerve and deleted the pending order.

when in doubt, stay out, lots of big sharks around!
  • #9,517
  • Jan 28, 2014 4:30am Jan 28, 2014 4:30am
What ever we say, As per rules ( train stops at next station but i miss it ) never mind next time. Good system never fails. Thanks Tony
Attached Image (click to enlarge)
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  • #9,518
  • Jan 28, 2014 11:15am Jan 28, 2014 11:15am
Quoting Lukaszmiami
Ok, guys. This was also a good week for me. I earned some pips, saved a lot of time, and im quite happy about my results. Second trade based on old "L" method which works better for me. But it is impossible to trade gbp news this way. {image}
Hi Lukaszmiami,

With the old 'L" method, from which post number can I read? Thanks a lot.
  • #9,519
  • Jan 28, 2014 6:05pm Jan 28, 2014 6:05pm
I missed a major Turkish news today. FF calendar is not complete...

did you see that ? USD/TRY

I'm gonna start looking at other calendars too...
Invest in alarm clocks
  • #9,520
  • Jan 28, 2014 6:09pm Jan 28, 2014 6:09pm
TURKISH CENTRAL BANK
The Monetary Policy Committee (the Committee) has decided to adjust the short term
interest rates as follows:
a) Overnight Interest Rates: Marginal Funding Rate is increased from 7.75 percent to
12 percent, borrowing rate from 3.5 percent to 8 percent, and the interest rate on
borrowing facilities provided for primary dealers via repo transactions from 6.75 to 11.5
percent.
b) One-week repo rate is increased from 4.5 percent to 10 percent.
c) Late Liquidity Window Interest Rates (between 4:00 p.m. – 5:00 p.m.): Borrowing
rate is kept at 0 percent, lending rate is increased from 10.25 percent to 15 percent.
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