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  • #10,301
  • Feb 26, 2014 2:36am Feb 26, 2014 2:36am
Quoting HannesJoub
I have noticed that sometimes some pairs, especially AUD, moves far earlier than their news release...I have seen on occasion that the move is sometimes 30 mins before the actual news release. In todays case, it was AUD news that was low impact, but the market still moved around 40 - 50 pips depending on the pair, half an hour before the news was "officially" released... Is there any workaround on this, or do we let it go? Thanks all H
This is often big money, brokers and banks positioning themselves or booking profits before a major news release. Let it go and trade YOUR plan.
I don't care which way the market is going as long as it's going my way
  • #10,302
  • Feb 26, 2014 2:40am Feb 26, 2014 2:40am
Quoting HannesJoub
Traded the SEK news, had the direction correct, but my broker spiked the spread from 13 pips to 66 pips, which took out the SL and now I watch it go my way I think that it is tradable, just in a different way because the dynamics of the pairs traded are different. So, for now I think I will stick to the original plan until I have that down pat... H
Don't feel bad, this one whipsawed quite a bit. And, it wants to spike up but there is major long term resistance keeping it down.
Attached Image(s) (click to enlarge)
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  • #10,303
  • Feb 26, 2014 2:40am Feb 26, 2014 2:40am
Quoting PipKiller
{quote} This is often big money, brokers and banks positioning themselves or booking profits before a major news release. Let it go and trade YOUR plan.
Thanks PipKiller.

That is one more of my problems, actually thinking that I HAVE to be in a trade....eish. will sort that out too one day
  • #10,304
  • Feb 26, 2014 2:41am Feb 26, 2014 2:41am
Quoting nitecop
{quote} curious, what kinda options do you use pipkiller? besides Interactive brokers I've struggled to find appropriate brokers that don't trade binary or stocks
Just looking into binary and box spreads. Simple, simple, simple. I'm test driving NADEX. While I understand the basics, I'm a newbie with options and only know enough to be dangerous LOL.
I don't care which way the market is going as long as it's going my way
  • #10,305
  • Feb 26, 2014 2:48am Feb 26, 2014 2:48am
Quoting HannesJoub
{quote} Thanks PipKiller. That is one more of my problems, actually thinking that I HAVE to be in a trade....eish. will sort that out too one day

To not trade is also a trading decision. Emotion is the hardest thing to control.

If you have green bull candles and red bear candles on your charts, you can change them to something else and take the phycology and emotion of color out of the picture.

Look at the charts Fx3422271 posted. Grey neutral yawn and orange caution let me think about it first instead of Green - GO BUY BUY BUY!!! and Red - STOP SELL SELL SELL!!!

I don't know if Fx3422271 did it that way to help control emotion, made it his favorite school/team colors or it's his favorite 2 colors but it helps some people to change chart colors to control their emotions.
I don't care which way the market is going as long as it's going my way
  • #10,306
  • Feb 26, 2014 3:08am Feb 26, 2014 3:08am
I haven't seen whipsaws like this in a long time during news. This was not worth it. I'm sorry for anyone who stayed up to see this because I said there would be "fireworks". This was a total dud.

Back to bed.
  • #10,307
  • Feb 26, 2014 3:17am Feb 26, 2014 3:17am
Quoting Fx3422271
I haven't seen whipsaws like this in a long time during news. This was not worth it. I'm sorry for anyone who stayed up to see this because I said there would be "fireworks". This was a total dud. Back to bed.
@ PipKiller, thanks for the words of advice...

@Fx3422271, come on, GBP news is out in 15 mins. Looks like a short to me, any thoughts?

Cheers

H
  • #10,308
  • Feb 26, 2014 3:23am Feb 26, 2014 3:23am
Or long ?
  • #10,309
  • Feb 26, 2014 3:27am Feb 26, 2014 3:27am
Well that came out 4 mins early lol GBP tsk tsk
  • #10,310
  • Feb 26, 2014 3:27am Feb 26, 2014 3:27am
Quoting HannesJoub
Or long ?
Or both LOL
I don't care which way the market is going as long as it's going my way
  • #10,311
  • Feb 26, 2014 3:29am Feb 26, 2014 3:29am
Quoting Mightyfine
Well that came out 4 mins early lol GBP tsk tsk
Twice in one day, I think that these people are boycotting us...we may have to rethink the strat? Tony, your thoughts?

H
  • #10,312
  • Feb 26, 2014 3:32am Feb 26, 2014 3:32am
Back to bed. This is ridiculous.
  • #10,313
  • Feb 26, 2014 3:32am Feb 26, 2014 3:32am
IF you went both ways on that. Ouch...
  • #10,314
  • Feb 26, 2014 3:37am Feb 26, 2014 3:37am
Zzz going to bed. Lousy
Shit Happens
  • #10,315
  • Feb 26, 2014 3:40am Feb 26, 2014 3:40am
Quoting Mightyfine
IF you went both ways on that. Ouch...
That's nasty but no pain here... I took a couple Vicodin a couple hours ago
I don't care which way the market is going as long as it's going my way
  • #10,316
  • Feb 26, 2014 3:43am Feb 26, 2014 3:43am
Whipsaw Wednesday
  • #10,317
  • Feb 26, 2014 4:00am Feb 26, 2014 4:00am
Quoting Fx3422271
Whipsaw Wednesday
I think you mean WTF Wednesday
  • #10,318
  • Feb 26, 2014 4:14am Feb 26, 2014 4:14am
What are the odds that these whipsaws are actually position accumulation for later news events?? Those two 15m candles look a lot like stop hunts from here...
  • #10,319
  • Feb 26, 2014 4:32am Feb 26, 2014 4:32am
Quoting HannesJoub
{quote} Twice in one day, I think that these people are boycotting us...we may have to rethink the strat? Tony, your thoughts? H
Never mind my rantings, I see that there was Speaks news before the figures release. He said one thing, the figures another, hence the whipsaw.

Now, H, leave the method alone my boy...Tony will scalp you

H
  • #10,320
  • Feb 26, 2014 4:58am Feb 26, 2014 4:58am
Quoting PipKiller
{quote} To not trade is also a trading decision. Emotion is the hardest thing to control. If you have green bull candles and red bear candles on your charts, you can change them to something else and take the phycology and emotion of color out of the picture. Look at the charts Fx3422271 posted. Grey neutral yawn and orange caution let me think about it first instead of Green - GO BUY BUY BUY!!! and Red - STOP SELL SELL SELL!!! I don't know if Fx3422271 did it that way to help control emotion, made it his favorite school/team colors or...
"To Not Trade is also a trading decision......"

that is the SMART MONEY.... talking.....
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