Central Banks & Big Players

Got whipped & slipped out of EURNZD long, now I remember why I don't trade NZD anymore...

Fun huh ...

Whipsaw kinda doubles your risk unless you moved SL to BE

I re-entered the market had to no way is going down against aussie...

Just happened to check in and observe the NZD event. Seems to me that when there are various news items that come out at one time that it produces more whipsaws.

whipped but did not slip at b/e

assuming its 2% per trade ur risking 4% with a penalty of a sure loss to your winning trade, thereby lowering RR ratio and will take 2 losses during an unfavourable whipsaw

shorted aud/nzd,long on nzd/usd got whipped on both with 20 pp sl.but shorted the aussie again once I got hold on news and banked the 50% of previous loss and left half of it run...now got my sl at 30 pips plus so regained all the loss. will see if it goes a few pips more.

yeee haww!!! 21 pip spread at newstime and 50 pip whipsaw..Not for the faint of heart!!

Had a limit order and got spiked out, second entry was another limit.

Big players traget is .8500 but first they took me out look oanda spread even after 10 mins of news

the trade I got few seconds after news,once got whipped.

I am joining this thread because mostly i placed order against the trend. I do not believe trend is friend. There are many traders who are not agree with me but i take opportunity in any side (long, short) and i donot care about trends. I am the person who get benefit from ranging market when big player are taking decision how to make money.

My recent trades are here. My weekly target is 100 Pips only.

EU only.

took another buy..all signals trending upward...am up 12pips and BE...maybe will keep moving

The whipsaws remind me of the big guy shaking an apple tree after which small guy ends up with dead leaves while others with riped fruits,hah,ha!

Whipsaw.... 21 pip? ATC broker?

Haha!!! Gosh they make it tough!!) Their spreads are great normally (about 1/2 of Oanda) and news spreads used to be very reasonable, but something changed over the last several months and now they suck...

I think your math is a little bit fuzzy except for your point about the whipsaws. But, either way I am not questioning my money management but rather my strategy to avoid whipsaws. Also, when you factor in slippage it gets even more discouraging. However, without whipsaws the logic is simple.

If you do the math you will understand. Let's say we have 1:5 R/R.

If you take 10 trades and risk 10 pips you will lose 50% and you win 50% you will lose 50 pips and win 250.

What is 250 - 50? (200)

If you take both sides of the trade?

You will lose 100 and you will gain 500.

What is 500 - 100? (400)

What number is bigger 400 or 200? (400)

lol

Well by the grace of the Creator, rode a small wave and took 23 piperoni...This after pooping 13 pips on the down whip..hahaha!!

So now is the AUD unemployment.
Later the Chinese industrial y/y with most impact on Aussie,imo.