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  • #9,961
  • Feb 14, 2014 4:49am Feb 14, 2014 4:49am
No body has answered my question, so I am assuming that the news trades still only relate the 9 events listed on the 1st page ?

Thanks

H
  • #9,962
  • Feb 14, 2014 5:00am Feb 14, 2014 5:00am
Quoting HannesJoub
No body has answered my question, so I am assuming that the news trades still only relate the 9 events listed on the 1st page ? Thanks H
yep!

however...some readers will take any trade that are considered critical "red" as highlighted on forexfactory calendar
  • #9,963
  • Feb 14, 2014 7:25am Feb 14, 2014 7:25am
Quoting HannesJoub
No body has answered my question, so I am assuming that the news trades still only relate the 9 events listed on the 1st page ? Thanks H

Yup it's better to trade the list only for higher performance
Invest in alarm clocks
  • #9,964
  • Feb 14, 2014 8:41am Feb 14, 2014 8:41am
Thanks Tuffy, Tony, for the replies...

I guess it comes down to personal preference then, but Tony does make a compelling argument, because that is why we trade, no? Performance...

Cheers everyone, enjoy your weekend.

H
  • #9,965
  • Feb 14, 2014 9:12am Feb 14, 2014 9:12am
Quoting nitecop
I have researched the German ZEW quite extensively and I'm dissatisfied with the volatility it creates month after month. Also forex peace army states it is an orange event so I won't be trading this event, anyone else have ideas on the next target in the coming week?
German ZEW Tuesday
GBP Claimant Count Wednesday
French Flash Manufacturing PMI Thursday
German Flash Manufacturing PMI Thursday
GBP Retail Sales M/M Friday

Busy week for trading Cable and Fiber
I don't care which way the market is going as long as it's going my way
  • #9,966
  • Feb 14, 2014 9:16am Feb 14, 2014 9:16am
Why i love this system, b,cuz if i am wrong i want to know now not after 5 days.. Time frame does not matter what matters is your R/R per trade.
Tony my friend waiting for your next weeks trading plan..
  • #9,967
  • Feb 14, 2014 1:25pm Feb 14, 2014 1:25pm
Quoting jeetvirk
Why i love this system, b,cuz if i am wrong i want to know now not after 5 days.. Time frame does not matter what matters is your R/R per trade. Tony my friend waiting for your next weeks trading plan..
yeah I also find that it suits day trading and scalping personalities because they like quick answers but usually in such trading styles high RR is hard to find.
  • #9,968
  • Feb 14, 2014 2:05pm Feb 14, 2014 2:05pm
Trading the GBP Unemployment Rate

SL: 10 pips + spread
TP: 100 pips

Place a BUY order 2 mins prior to news

Reason trading this:
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  • #9,969
  • Feb 14, 2014 6:45pm Feb 14, 2014 6:45pm
Hi Tony and All,

This is really one of my favorite threads in FF. I really enjoy it not just for fx trading but huge part due to your no BS style Tony and putting all your trades winners and losers and of course party experiences. I just wish I could contribute more but trading fx has been quiet a struggle for me.

On another note, wonder if anyone has any experience trading this strategy with FXCM and are they just as good as Oanda for this ?

Thanks again Tony for giving us all traders (silent and active) hope, strategy and entertainment :-)

ff2k
  • #9,970
  • Feb 15, 2014 3:48am Feb 15, 2014 3:48am
Quoting ff2k
Hi Tony and All, This is really one of my favorite threads in FF. I really enjoy it not just for fx trading but huge part due to your no BS style Tony and putting all your trades winners and losers and of course party experiences. I just wish I could contribute more but trading fx has been quiet a struggle for me. On another note, wonder if anyone has any experience trading this strategy with FXCM and are they just as good as Oanda for this ? Thanks again Tony for giving us all traders (silent and active) hope, strategy and entertainment :-) ff2k...

Welcome to our world It's about to get more exciting for the new season. Good luck.
Invest in alarm clocks
  • #9,971
  • Feb 15, 2014 5:51pm Feb 15, 2014 5:51pm
Quoting bernbeach
{quote} very good suggestion. I like that. I am with FXCM, who only suggest classical CP. I.e.. the Majors and their crosses. Your exotic list (see also many others here: http://www.investing.com/technical/c...ies?period=300), which broker proposes them to trade? Which is your registered broker?
My broker is FXCM for the time being. They do have Turkish Lira (TRY) pairs and also (NOK), (SEK), (MXN), (ZAR). I may be switching at some point but not just yet. The more thorough economic calendars can be found here:

http://www.tradingeconomics.com/calendar

The unemployment rate for Turkey will come out at 3:00 AM EST on Monday. I will be sure to check that out.
  • #9,972
  • Feb 16, 2014 10:30am Feb 16, 2014 10:30am
Any one looking for NZD Retail Sales q/q.

Tony my friend what is ur plans for this week. and i want to ask you one question according to you how much one should risk per 1000$ account.

thanks
  • #9,973
  • Feb 16, 2014 12:43pm Feb 16, 2014 12:43pm
Quoting jeetvirk
Any one looking for NZD Retail Sales q/q. Tony my friend what is ur plans for this week. and i want to ask you one question according to you how much one should risk per 1000$ account. thanks
For me not tradable.
News release 15 minutes before my broker opens.

What broker do you use?
  • #9,974
  • Feb 16, 2014 12:51pm Feb 16, 2014 12:51pm
Quoting jeetvirk
Any one looking for NZD Retail Sales q/q. Tony my friend what is ur plans for this week. and i want to ask you one question according to you how much one should risk per 1000$ account. thanks
NZD retail sales doesn't move that much for more... it's up to you.

On a 1000$ you can risk exactly 60$ per news trade. E.G: 3.333$ per pip x 18 pips = 60$
Invest in alarm clocks
  • #9,975
  • Feb 16, 2014 12:58pm Feb 16, 2014 12:58pm
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Invest in alarm clocks
  • #9,976
  • Feb 16, 2014 3:17pm Feb 16, 2014 3:17pm
Quoting jeetvirk
and i want to ask you one question according to you how much one should risk per 1000$ account. thanks
Start by asking yourself how much you are you comfortable losing on a single trade. Remember that your account has to survive to fight another day and if you blow up an account it is extremely difficult to recover.

1% is $10 on a $1000 account. Trading volatile high impact news you also need to allow for slippage depending on the broker you use.

Example.

1 mini ($10k lot size) on G$, E$ and A$ pairs = $1 per pip
20 pip SL on $10k lot = $20
30 pips slippage which does happen = another $30
1 $10k lot that hits your stop and gets slipped 30 pips and you just lost $50 (5%) instead of the $20 (2%) you wanted to risk.

Also on 50:1 leverage you also need enough margin if you want to let a trade that's in profit float and run to your take profit target and still have room to trade another pair and not risk a margin call.

Currently on 50:1 leverage you need roughly

$335 margin for GBPUSD $10k lot
$275 margin for EURUSD $10k lot
$180 margin for AUDUSD $10k lot
$168 margin for NZDUSD $10k lot
$200 for USDCAD, USDJPY and USDCHF $10 lots

If you have 1 mini open for E$, G$ and A$ you have a $790 margin requirement to maintain leaving you only $210 free. Lose a few trades and your purchasing power is even less. Easy to get a margin call if you trade too big and risk too much. Be careful.

Having asked a question like that. I suggest you not risk anything bigger than a micro lot ($1000) which is $0.10 per pip if you are trading a live account to learn with or stick to a practice account until you learn risk and money management. Risk and money management is the holy grail of trading..... not the trading system you use.
I don't care which way the market is going as long as it's going my way
  • #9,977
  • Feb 16, 2014 7:58pm Feb 16, 2014 7:58pm
Quoting dvanderlinde
Trading the GBP Unemployment Rate SL: 10 pips + spread TP: 100 pips Place a BUY order 2 mins prior to news Reason trading this: {image} {image} {image} {image}
Dvanderlinde, hello...I have a question. Do you have to have an account with Dukascopy to get these historical charts with news announcements ? Thanks.
  • #9,978
  • Feb 16, 2014 8:34pm Feb 16, 2014 8:34pm
Quoting PipKiller
{quote} Start by asking yourself how much you are you comfortable losing on a single trade. Remember that your account has to survive to fight another day and if you blow up an account it is extremely difficult to recover. 1% is $10 on a $1000 account. Trading volatile high impact news you also need to allow for slippage depending on the broker you use. Example. 1 mini ($10k lot size) on G$, E$ and A$ pairs = $1 per pip 20 pip SL on $10k lot = $20 30 pips slippage which does happen = another $30 1 $10k lot that hits your stop and gets slipped 30...
only a fully trained forex jedi with the force as his ally can hope to defeat the forex emperor. - Master Yoda
  • #9,979
  • Feb 17, 2014 1:16am Feb 17, 2014 1:16am
Quoting Tony112
{quote} Welcome to our world It's about to get more exciting for the new season. Good luck.
Tony, hi. For the new season? Spring @ March 21 equinox?
  • #9,980
  • Feb 17, 2014 1:18am Feb 17, 2014 1:18am
Quoting NewToForex14
{quote} Dvanderlinde, hello...I have a question. Do you have to have an account with Dukascopy to get these historical charts with news announcements ? Thanks.
Hi what is Ducascopy worth, besides the fact that funds held with e European broker, less at risk than USA broker, in financial climate which may collapse?
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