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  • #10,341
  • Feb 26, 2014 6:56pm Feb 26, 2014 6:56pm
Was beginning to think I would never get a trade....as I set my orders pretty wide from the price to avoid whips etc.
Finally got one on the Aud announcement today...buy order opened and was about 30 points away from the price before the news...managed to pick up 30 odd pips...got the hell out with some profit for a change.

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  • #10,342
  • Feb 26, 2014 6:59pm Feb 26, 2014 6:59pm
Quoting Fx3422271
{quote} Case in point. It's like this at all times and with all pairs. {image}
Ok I see where you're coming from. You're correct, MT4 draws charts based on the bid price. MT4 is a bit misleading in that regard. But spread widening is more symmetrical, otherwise it would be really easy for retail traders to just place a sell trade at the time of the news with no spread widening if it is only on the buy side.
  • #10,343
  • Feb 26, 2014 7:00pm Feb 26, 2014 7:00pm
Folks,

We should probably look at extending the news coverage to include AUD pairs, most of the High Impact news from Australia do make some good moves on pairs like AUDUSD and EURAUD without frequent whipsaw movement common with GBP news.

ThuFeb 272:30am AUD Private Capital Expenditure q/q-5.2%-1.0%2.6%
AUDUSD: 1 mins/~40pips
EURAUD: 1 min/~65pip
  • #10,344
  • Feb 26, 2014 7:20pm Feb 26, 2014 7:20pm
Quoting Forexmeoff
Ill be trading the UK GDP figure tomorrow H. 09:27 I'll be placing a long on the GU (+6 pips) and a short on the EU (-6 pips). 10 pip stop, 40 pip TP. {quote} Hey, just wondering how that worked out : If you went short on EU for the news (UK GDP) your trade (-6 Pips on price before the news) would have opened about 45 mins after the news release, is that right? Do you keep your orders open a while after the news ? Thanks

I went short EU on the next candle after the news 09:45GMT (news release was at 9:30GMT) @1.37482 and held on for 25 pips.
  • #10,345
  • Feb 26, 2014 7:21pm Feb 26, 2014 7:21pm
Quoting iddy
Folks, We should probably look at extending the news coverage to include AUD pairs, most of the High Impact news from Australia do make some good moves on pairs like AUDUSD and EURAUD without frequent whipsaw movement common with GBP news. ThuFeb 272:30am AUD Private Capital Expenditure q/q-5.2%-1.0%2.6% AUDUSD: 1 mins/~40pips EURAUD: 1 min/~65pip

Couldn't agree more Iddy!!

Wow...what a break. For some unknown reason I went long on GBP/AUD at NY close...watched as I was ready to get stopped out on a 20 pip SL...Went for a walk....came back and was up 70 pips!! The AUD Private Capital Expenditure was unexpectedly bad and some Aud pairs moved 80 pips straight up!!)

  • #10,346
  • Feb 26, 2014 7:37pm Feb 26, 2014 7:37pm
Quoting iddy
Folks, We should probably look at extending the news coverage to include AUD pairs, most of the High Impact news from Australia do make some good moves on pairs like AUDUSD and EURAUD without frequent whipsaw movement common with GBP news. ThuFeb 272:30am AUD Private Capital Expenditure q/q-5.2%-1.0%2.6% AUDUSD: 1 mins/~40pips EURAUD: 1 min/~65pip

I agree too iddy, they move with China releases too. EURAUD is a 7 pip spread on my platform which is acceptable.
  • #10,347
  • Feb 26, 2014 8:49pm Feb 26, 2014 8:49pm
Quoting Fx3422271
Back to bed. This is ridiculous.

please don't trade them yet! I'm doing demo testings on them with 100 SL and 400 TP ... along with a b/e setting upon reaching 100 pips. jumping in blindly is not the way of a professional trader.
  • #10,348
  • Feb 26, 2014 9:03pm Feb 26, 2014 9:03pm
Quoting FXEZ
{quote} Ok I see where you're coming from. You're correct, MT4 draws charts based on the bid price. MT4 is a bit misleading in that regard. But spread widening is more symmetrical, otherwise it would be really easy for retail traders to just place a sell trade at the time of the news with no spread widening if it is only on the buy side.
I don't really know how you can say it is misleading, these are the current market prices. If you click on "buy" these are the prices you will get. Also, FXCM (NDD) platform does the exact same thing. The prices on their No Dealing Desk platform are exactly the same as on their MT4. Also, it does not matter which broker you are using with MT4, they all do the same thing.

Umm, and YES if you do "sell" you get the exact market price. So yeah, traders "can" do that. I'm not sure why this is so hard for you to accept.
  • #10,349
  • Feb 26, 2014 9:05pm Feb 26, 2014 9:05pm
Quoting iddy
Folks, We should probably look at extending the news coverage to include AUD pairs, most of the High Impact news from Australia do make some good moves on pairs like AUDUSD and EURAUD without frequent whipsaw movement common with GBP news. ThuFeb 272:30am AUD Private Capital Expenditure q/q-5.2%-1.0%2.6% AUDUSD: 1 mins/~40pips EURAUD: 1 min/~65pip
I agree 150%

AUD and CNY news is some of the best.
  • #10,350
  • Feb 26, 2014 11:30pm Feb 26, 2014 11:30pm
The wait is long for me I'm waiting for NFP, I'm puttin a fortune on it you have no clue.
Invest in alarm clocks
  • #10,351
  • Feb 27, 2014 12:02am Feb 27, 2014 12:02am
Quoting Forexmeoff
Was beginning to think I would never get a trade....as I set my orders pretty wide from the price to avoid whips etc. Finally got one on the Aud announcement today...buy order opened and was about 30 points away from the price before the news...managed to pick up 30 odd pips...got the hell out with some profit for a change. 13763931376393 {image} {image}
a successful straddle trade? good for you
  • #10,352
  • Feb 27, 2014 12:05am Feb 27, 2014 12:05am
Quoting Tony112
The wait is long for me I'm waiting for NFP, I'm puttin a fortune on it you have no clue.
As in All in...? Show hand...? Committed to a Long on Eur/USD for all the marbles...?
  • #10,353
  • Feb 27, 2014 12:06am Feb 27, 2014 12:06am
Quoting Tuffy
{quote} As in All in...? Show hand...? Committed to a Long on Eur/USD for all the marbles...?
I'm thinking on going USD/JPY or USD/CAD long
Invest in alarm clocks
  • #10,354
  • Feb 27, 2014 12:45am Feb 27, 2014 12:45am
Quoting Tony112
The wait is long for me I'm waiting for NFP, I'm puttin a fortune on it you have no clue.
I'm thinking Yellen testimony @ 10am might make for a bit of volatility tomorrow. Markets ain't used to her yet.... even though she looks like helicopter Ben, minus the fantastic beard.

The prepared text will whip the markets as the algos search out specific words and if she slips up a bit during Q&A it could get fun. I think things will be quiet and waiting for her testimony for core durable goods data at 830am unless it's a big miss or surprise. I'm going to throw on a Binary option strangle on EU or GU for her testimony tomorrow.



NFP next week... Oh yea, game on. I'm going to straddle and strangle that nasty B****.... Hmmmmmmm ... Options trading sounds a little kinky
I don't care which way the market is going as long as it's going my way
  • #10,355
  • Feb 27, 2014 2:45am Feb 27, 2014 2:45am
Quoting Tuffy
{quote} a successful straddle trade? good for you
Thank you. Yep, she's the straddle approach...but a cautious one off the hourly chart...I dont have the Nads just yet for tony's mighty system....ha ha....maybe I can work up to it.
  • #10,356
  • Feb 27, 2014 2:48am Feb 27, 2014 2:48am
Quoting PipKiller
{quote} I'm thinking Yellen testimony @ 10am might make for a bit of volatility tomorrow. Markets ain't used to her yet.... even though she looks like helicopter Ben, minus the fantastic beard. The prepared text will whip the markets as the algos search out specific words and if she slips up a bit during Q&A it could get fun. I think things will be quiet and waiting for her testimony for core durable goods data at 830am unless it's a big miss or surprise. I'm going to throw on a Binary option strangle on EU or GU for her testimony tomorrow....

tell us how your experiences go, normally i wouldn't touch most binary options brokers with a 10 ft pole because they're simply unregulated or regulated under a toothless oversight body. As a Canadian citizen it won't be possible for me to try out nadex.
  • #10,357
  • Feb 27, 2014 7:01am Feb 27, 2014 7:01am
Quoting nitecop
{quote} tell us how your experiences go, normally i wouldn't touch most binary options brokers with a 10 ft pole because they're simply unregulated or regulated under a toothless oversight body. As a Canadian citizen it won't be possible for me to try out nadex.
TitanTrade is legit for US/canadians...
  • #10,358
  • Feb 27, 2014 7:01am Feb 27, 2014 7:01am
Anyone trading the USD Unemployment today?

I am looking at it...

Will post when done.

Cheers

H
  • #10,359
  • Feb 27, 2014 7:03am Feb 27, 2014 7:03am
Although....Yellens speech could possibly yield better results?

Consensus?

H
  • #10,360
  • Feb 27, 2014 7:05am Feb 27, 2014 7:05am
Quoting HannesJoub
Although....Yellens speech could possibly yield better results? Consensus? H
I'm gonna trade both
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