Central Banks & Big Players | Page 556 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

How do you know all the positions held by big players? 25 replies

ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies

Central Banks and Big Players: Slight change in code reqd 7 replies

Japanese housewives are wrecking the forecasts of big players! 25 replies

Big players and Forex 4 replies

Attachments: Central Banks & Big Players
Exit Attachments

Central Banks & Big Players

  • #11,101
  • Mar 18, 2014 4:16am Mar 18, 2014 4:16am
Ready for the Zoo?

Today I am gonna use Tony's strategy going long on a broker, but at the same time I am gonna place a Sell Stop order on another broker. We'll see if this way, should the price go down, I am able to mitigate the loss...
  • #11,102
  • Mar 18, 2014 4:27am Mar 18, 2014 4:27am
So let me get this straight. The name of the game is to guess which way you think the news is going to go before it happens and place the trade on 2 minutes before its release time? Zew is going to come out bad in my opinion. I have no idea but if I had to guess I'd say that..we'll only know when we see it though..
The thing is, sometimes when news is bad price can skyrocket up, and again sometimes when news is good price can skyrocket down..is using a tight SL your way for compensating for this? Another point is a lot of the times whipsaws happen on news releases to prevent traders from being able to do just that in successfully pulling off such a low risk, high reward trade..
I don't doubt that some trades can go very well when guessing correctly, but in essence isn't this way of trading essentially just potluck?..
I mean no disrespect, just would appreciate getting some clarification on this
  • #11,103
  • Mar 18, 2014 4:33am Mar 18, 2014 4:33am
Quoting SaiLyfee
I don't doubt that some trades can go very well when guessing correctly, but in essence isn't this way of trading essentially just potluck?.. I mean no disrespect, just would appreciate getting some clarification on this
So do you think you can predict price movements by using another system? You need a system that will give you an statistical edge with good R:R ratio to succeed. This system gives you that.
  • #11,104
  • Mar 18, 2014 4:55am Mar 18, 2014 4:55am
Guys, help me out here, someone made a statement earlier, and it makes sense, and I cannot believe that I had not thought of it earlier....

Slippage is a function of liquidity not so? Therefore, trading news spikes during the pacific / asian session with their low liquidity and not so major pairs (XXAUD, XXNZD etc) would result in slippage, no?

Also, if we are trading news events during the busier times London / NY, there will be more liquidity (unless liquidity providers pull that liquidity prior / during news) and therefore less slippage, no?

Also, I am going to make the assumption that slippage will also be a function of the pair that you are trading (major vs not so major / exotic) i.e. slippage, if any will be less on the majors?

If the above is true, then we would definitely have to be more prudent regarding the news times and pairs that we trade (not you Tony, you have already managed to whittle it down to 9 trades a month, lucky dude )

I am going to the zoo in 5, let's hope that it brings greater moves than prior months...

Cheers

H

PS, please comment / answer on the above assumptions regarding slippage / liquidity.

Thanks
  • #11,105
  • Mar 18, 2014 4:57am Mar 18, 2014 4:57am
I'm going Safari now!!! I have my beige suit on! 7 SL let's say!
Invest in alarm clocks
  • #11,106
  • Mar 18, 2014 5:01am Mar 18, 2014 5:01am
In short EURAUD, SL already @ BE...
  • #11,107
  • Mar 18, 2014 5:05am Mar 18, 2014 5:05am
Ok, SL hit on one broker, price triggered the Sell Stop on the other broker and it mitigated the overall loss... could be a little strategy.
  • #11,108
  • Mar 18, 2014 5:06am Mar 18, 2014 5:06am
No regrets 50% of the time we fail..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 104 KB
  • #11,109
  • Mar 18, 2014 5:08am Mar 18, 2014 5:08am
Quoting farimir
{quote} So do you think you can predict price movements by using another system? You need a system that will give you an statistical edge with good R:R ratio to succeed. This system gives you that.
Welp, I definitely wish I had put that short on 2 mins before it came out. It would seem this strategy is entirely hunch based trading though, although appealing with managed risk (SL placement) and attractive R:R..
  • #11,110
  • Mar 18, 2014 5:12am Mar 18, 2014 5:12am
Quoting Tony112
I'm going Safari now!!! I have my beige suit on! 7 SL let's say!

Hi Tony

thanks for the sharing, just spend last 3 days and nights reading to catch up.

SL on Buy Eur/Usd

OSL on Buy Usd/Chf hoorayy!!!!
  • #11,111
  • Mar 18, 2014 5:16am Mar 18, 2014 5:16am
Quoting Claudius
Ok, SL hit on one broker, price triggered the Sell Stop on the other broker and it mitigated the overall loss... could be a little strategy.
You could hedge if your broker allows, or you could straddle the same pair, or you could have gone long / long on xxEUR & EURxx...

Many ways to skin that cat...just keep in mind that in doing what you are doing, or any of the above, you have changed Tony's original strategy that he has been using to great success the last couple of months, so strictly speaking, you will not be able to compare notes with him...

H

  • #11,112
  • Mar 18, 2014 5:18am Mar 18, 2014 5:18am
Quoting HannesJoub
In short EURAUD, SL already @ BE...

Regaining confidence?
  • #11,113
  • Mar 18, 2014 5:24am Mar 18, 2014 5:24am
Quoting NikolasII
{quote} Regaining confidence?
Thanks Nikolas. I guess I am in a manner of speaking.

Thing is with this method (and every other one as well), not every trade will blast off and hit 40 - 200 pips, some will BE and some will hit SL. I know this, and yet for some reason I let myself get discouraged, blech...

So, as usual, the best way is to get back on the horse and keep on riding, the sunset will come

H

  • #11,114
  • Mar 18, 2014 5:25am Mar 18, 2014 5:25am
EURAUD short SL for 6.5 pips in the black.
  • #11,115
  • Mar 18, 2014 5:30am Mar 18, 2014 5:30am
Quoting HannesJoub
Guys, help me out here, someone made a statement earlier, and it makes sense, and I cannot believe that I had not thought of it earlier.... Slippage is a function of liquidity not so? Therefore, trading news spikes during the pacific / asian session with their low liquidity and not so major pairs (XXAUD, XXNZD etc) would result in slippage, no? Also, if we are trading news events during the busier times London / NY, there will be more liquidity (unless liquidity providers pull that liquidity prior / during news) and therefore less slippage, no?...
It's supply and demand.

If there are more sell orders than buy orders, price has to go down to where there are buy orders to fill the sell orders.

If there are more buy orders than sell orders, price has to go up to where there are sell orders to fill the buy orders.

It's that simple.
I don't care which way the market is going as long as it's going my way
  • #11,116
  • Mar 18, 2014 5:34am Mar 18, 2014 5:34am
Attached Image (click to enlarge)
Click to Enlarge Name: zew7.gif Size: 71 KB
Invest in alarm clocks
  • #11,117
  • Mar 18, 2014 5:37am Mar 18, 2014 5:37am
Quoting PipKiller
{quote} It's supply and demand. If there are more sell orders than buy orders, price has to go down to where there are buy orders to fill the sell orders. If there are more buy orders than sell orders, price has to go up to where there are sell orders to fill the buy orders. It's that simple.
Thanks for the reply Pipkiller.

And supply & demand is also known as liquidity then? Which would make my premise that you quoted correct?

I am looking at refining the method I am using (and I can see it is moving towards what Tony has been saying all along)

Cheers

H

  • #11,118
  • Mar 18, 2014 5:41am Mar 18, 2014 5:41am
Quoting HannesJoub
{quote}... some will BE and some will hit SL. I know this, and yet for some reason I let myself get discouraged, blech... ...

Truth.
Aiming does not mean by any means you will get it.
I longed the eur/usd and put a short limit order - got burned both ways which is nasty way to start a week. But well,someone's gotta do it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 121 KB
  • #11,119
  • Mar 18, 2014 5:51am Mar 18, 2014 5:51am
Quoting NikolasII
{quote} got burned both ways which is nasty way to start a week. But well,someone's gotta do it. {image}
Eina, I hope that the week turns around for you...

H
  • #11,120
  • Mar 18, 2014 6:00am Mar 18, 2014 6:00am
Lets not forget this weeks main events ;

GBP Claimant Count Change

NZD GDP q/q

good luck all
7 traders viewing now