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  • #11,141
  • Mar 18, 2014 8:09am Mar 18, 2014 8:09am
Quoting HannesJoub
{quote} Are you trading news spikes Aahmed? H
My weekly target is achieved.
Total for this week = 105 Pips so far.

My favourite predefined areas are 00 levels e.g 1.3900 or Pivot and S/R. I use M5 and M15 Stoch to do my analysis. E.g OB for short entry and OS for long entry near those given levels.

I really don't care about news except NFP and ECB.
Love for all; Hatred for none.
  • #11,142
  • Edited 8:50am Mar 18, 2014 8:38am | Edited 8:50am
Quoting aahmad29
{quote} . I really don't care about news except NFP and ECB.
Then may kindly I suggest that you mention that your trades and their results are not based on news event trades when you post your results in this thread? The reason I say that is because the readers are bound to get confused between your results which are not based on news spike trades and others trades that are based on the news spikes, especially given that the readers of the thread are here to read about news event trading...just saying.

This can also have a direct effect on what people think about Tony's method, out of respect for Tony I think that we should keep the thread limited to news trade results, Tony's method and its variants on the other hand has not come up for discussion yet.

I hope that you can take the message in the light and spirit that it is meant, i.e. no offence.

Cheers

H

  • #11,143
  • Mar 18, 2014 8:52am Mar 18, 2014 8:52am
Quoting HannesJoub
{quote} EINA
LOL

Spikes were Putins speech.

Was trading E$ with another strategy I use and made 20 pips long when he opened his mouth and another 20 pips shortly after he stopped flapping his gums.

+7% added to the account today. No EINA here.
I don't care which way the market is going as long as it's going my way
  • #11,144
  • Mar 18, 2014 8:56am Mar 18, 2014 8:56am
Quoting PipKiller
{quote} LOL Spikes were Putins speech. Was trading E$ with another strategy I use and made 20 pips long when he opened his mouth and another 20 pips shortly after he stopped flapping his gums. +7% added to the account today. No EINA here.
So, news related, even though the news was not listed....
  • #11,145
  • Mar 18, 2014 9:09am Mar 18, 2014 9:09am
Quoting HannesJoub
{quote} Then may kindly I suggest that you mention that your trades and their results are not based on news event trades when you post your results in this thread? The reason I say that is because the readers are bound to get confused between your results which are not based on news spike trades and others trades that are based on the news spikes, especially given that the readers of the thread are here to read about news event trading...just saying. This can also have a direct effect on what people think about Tony's method, out of respect for...
Take it easy. I won't post anything here but i want to say that stable movement of price is not because of news. Big players are moving the market. When most of people buy, big players sell and viceverca.

No Offence

Keep smiling.
Love for all; Hatred for none.
  • #11,146
  • Mar 18, 2014 9:11am Mar 18, 2014 9:11am
Quoting HannesJoub
{quote} So, news related, even though the news was not listed....
Yep.

When the world and markets are acutely focused on a geopolitical crisis like the one with Ukraine, Crimea and Russia. When someone like Putin speaks it will give some volitility and if the market doesn't get what it wants it crashes and races for the exit and piles into safehavens like the Yen, Swissy, USD and US Treasuries.
I don't care which way the market is going as long as it's going my way
  • #11,147
  • Mar 18, 2014 9:17am Mar 18, 2014 9:17am
Quoting aahmad29
{quote} Take it easy. I won't post anything here but i want to say that stable movement of price is not because of news. Big players are moving the market. When most of people buy, big players sell and viceverca. No Offence Keep smiling.
  • #11,148
  • Mar 18, 2014 9:19am Mar 18, 2014 9:19am
Quoting PipKiller
{quote} Yep. When the world and markets are acutely focused on a geopolitical crisis like the one with Ukraine, Crimea and Russia. When someone like Putin speaks it will give some volitility and if the market doesn't get what it wants it crashes and races for the exit and piles into safehavens like the Yen, Swissy, USD and US Treasuries.
Hmmm, I have not evolved far enough to even think about trading things like this (point in case, I didn't trade!!)

I have a very long ways to go...

H
  • #11,149
  • Mar 18, 2014 10:43am Mar 18, 2014 10:43am
Aw man, my pending didn't trigger, meaning that I lost out on 50+ pips on the CAD speech...

I really could have used that trade

Bummer.

H
  • #11,150
  • Mar 18, 2014 10:44am Mar 18, 2014 10:44am
guys, from which site are you getting the news releases, other then forexfactory... I saw it here before, tried to find it but couldn't, just so many pages...can someone post a link ?
thanks.
  • #11,151
  • Mar 18, 2014 11:05am Mar 18, 2014 11:05am
Anybody trade this speech? If so, how did it go?

For me, being ready for the news and missing out on it hurts almost as much as a SL hit

But I'll get over it, I'm a big boy

H
  • #11,152
  • Mar 18, 2014 11:07am Mar 18, 2014 11:07am
Quoting HannesJoub
Aw man, my pending didn't trigger, meaning that I lost out on 50+ pips on the CAD speech... I really could have used that trade Bummer. H
HJ...I feel your pain on a trade not triggering...but what 50 pip CAD move are you looking at? I'm seeing a small movement here on...Unless I'm looking at the wrong speech!
  • #11,153
  • Mar 18, 2014 11:11am Mar 18, 2014 11:11am
Quoting Wigglesworth
{quote} HJ...I feel your pain on a trade not triggering...but what 50 pip CAD move are you looking at? I'm seeing a small movement here on...Unless I'm looking at the wrong speech!
EURCAD, speech minutes was released 25 mins ago...FF calender indicated that the minutes would be released 15 minutes before the speech...

H
  • #11,154
  • Mar 18, 2014 11:12am Mar 18, 2014 11:12am
Well the German Zoo wasn't worth the price of admission!!!) LOL But a good day for volatility and movement...Lots of pairs were pippin...
  • #11,155
  • Mar 18, 2014 11:26am Mar 18, 2014 11:26am
Quoting HannesJoub
{quote} EURCAD, speech minutes was released 25 mins ago...FF calender indicated that the minutes would be released 15 minutes before the speech... H
Oh I guess I could have read that!!! When all else fails, follow directions!!
  • #11,156
  • Mar 18, 2014 12:58pm Mar 18, 2014 12:58pm
GBP speech was / is a snooze fest at time of writing, of course, this is the trade that is opened by the broker

Oh well.

See you all tomorrow for GBP Claimant change.

H

  • #11,157
  • Mar 18, 2014 1:18pm Mar 18, 2014 1:18pm
Traded long GBPUSD SL hit... See you tomorrow guys! Unfortunately I will be not be able to trade Claimant manually, have to work at that time, in these circumstances I trade the news with an EA, but I'd really rather stay in front of my PC with you guys...
  • #11,158
  • Mar 18, 2014 1:34pm Mar 18, 2014 1:34pm
Sorry, BTW, GAUD long SL @ -0.5 pips, and boy was that a grind...
  • #11,159
  • Mar 18, 2014 1:37pm Mar 18, 2014 1:37pm
Quoting HannesJoub
{quote} Hmmm, I have not evolved far enough to even think about trading things like this (point in case, I didn't trade!!) I have a very long ways to go... H
It takes time. When new, it's best to focus on learning and making sure you survive in shark infested waters and not blow up your account. Here's some insight into my trading day.

I trade 99% just the London session and the E$ pair. It was 4-3/4 hours from the time I woke up until everything was according to plan and I could pull the trigger on the first trade at 7:45 AM est and it was all over and in the bank less than 5 minutes later.

I get up an hour before the London session starts right when the European markets are coming online. Get the personal stuff out of the way, go for a short walk outside on my property and light up a smoke. 5-10 minutes later, come back in and crack open an ice cold Starbucks Doubleshot Mocha and sit down at the computer.

The first thing I do is print off a couple copies of my trading plan checklist which also has my pre trading routine on it and start to go though it checking off each item as I go through everything. I have to check off everything before I can place a trade. Once I place a trade I check off That the SL and Targets were set and sit on my hands. Once the trade hits a target or stop I check off what happened, write a few notes on the sheet and put it in my binder for a trade journal.

This will give you a basic idea of what I use for a checklist

Trading Plan

 

  1. _____Pre trade session routine

    1. _____Check News

i. _____Geopolitical headlines, Yahoo news, Google news and turn on CNBCW
ii. _____Financial headlines.... Marketwatch, Reuters, Yahoo, Google
iii. _____Forex headlines... Forex Live, Forex Factory
iv. _____Weather that may knock out my internet service

    1. _____Check economic calendars
    2. _____Check Charts

i. _____Chart set to EURUSD pair
ii. _____Chart is set to correct timeframe
iii. _____Money Management EA is running (look for smiley face)
iv. _____Check Money Management EA for proper stop loss, BE and target settings
v. _____Session indicator is still correct for DST changes

    1. _____Risk

i. _____Maximum risk is ___% of account balance per trade
ii. _____Check order entry box for correct lot sizing

  1. _____Entry

    1. _____Long

i. _____Put in YOUR rules
ii. _____
iii. _____
iv. _____

    1. _____Short

i. _____Put in YOUR rules
ii. _____
iii. _____
iv. _____

  1. _____Stop Loss and Targets

    1. _____Check that EA set SL, BE and Target entries properly

I don't care which way the market is going as long as it's going my way
  • #11,160
  • Mar 18, 2014 1:54pm Mar 18, 2014 1:54pm
Quoting PipKiller
{quote} It takes time. When new, it's best to focus on learning and making sure you survive in shark infested waters and not blow up your account. Here's some insight into my trading day. I trade 99% just the London session and the E$ pair. It was 4-3/4 hours from the time I woke up until everything was according to plan and I could pull the trigger on the first trade at 7:45 AM est and it was all over and in the bank less than 5 minutes later. I get up an hour before the London session starts right when the European markets are coming online. Get...
Yes 100% agree. There must be trading plan. It is nice trading plan.
Love for all; Hatred for none.
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