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  • #11,581
  • Mar 27, 2014 8:25am Mar 27, 2014 8:25am
Thanks for taking the time to reply Electry...

I thought that, about pendings...thanks

I am assuming that you are using Oanda, as you answered my question, or are you with another broker? Slippage of 6 pips during NFP is, to my mind, stunning, seeing as I experienced 30 pips this morning on something as mundane as GBP m/m retail sales , and I can live with 6 pips slippage during NFP...

I accept that many of the things that go wrong with my trading can be laid at my door as a trader making the wrong decisions, but, to many strange things have been happening of late with my trading with this specific broker, that no one else is complaining about, which leads me to believe that my broker is the problem...

I have checked, this is the second time that this slipping and immediate opening / closing has happened, both times on news that I was in on the right direction, three other occasions the platform froze, also on high moving news, etc etc. All these things add up, and for me it is unacceptable.

Ho Hum, let us see how it goes with Oanda during April.

I'd like to hear from you regarding the other questions above.

Thanks

H

  • #11,582
  • Mar 27, 2014 8:33am Mar 27, 2014 8:33am
I will be glad too, to get an answer about my question
thanks guys
  • #11,583
  • Mar 27, 2014 8:50am Mar 27, 2014 8:50am
Ok boys and girls, Oanda is up and running, ready for testing, which will start this afternoon with US pending home sales...

My other account is still open, so that trade explorer will remain, I am not sure if I will be trading in it though, keep an eye on it...

See you on the other side of the news.

H

  • #11,584
  • Mar 27, 2014 8:51am Mar 27, 2014 8:51am
Quoting HannesJoub
{quote} Forgive my ignorance, but how would a VPS help with an order that is already with the servers??? Or does the order remain on my computer until triggered?
If the orders can be processed by an EA during the news, then a vps is helpful.

Otherwise, of course not.
  • #11,585
  • Mar 27, 2014 8:54am Mar 27, 2014 8:54am
Quoting joujou
I will be glad too, to get an answer about my question thanks guys
Sorry JouJou, I am furiously busy on this side and I missed your post.

Staying in a position or closing out is really a matter of personal preference, and not everyone will do the same thing every time either.

If you are in and you position is floating around your entry price you may as well stay in...If you are in and your position is in profit, I would think that you can set your SL to what it would have been had you been entering the later news with a fresh position, that way you are ahead of the pack if the trade moves in your direction, and your SL and current profit may cancel each other out meaning that your risk is less...

But, as we have seen, I do not always think in the right direction

As I said, it would have to be your call.

H

  • #11,586
  • Mar 27, 2014 9:11am Mar 27, 2014 9:11am
Hmmm, first trades taken with Oanda, and it will take some getting used to...otherwise no complaints...
  • #11,587
  • Mar 27, 2014 10:57am Mar 27, 2014 10:57am
thanks hannesjoub, for your answer.
i closed my two orders, usdjpy in loss, and Gbpusd in profit, total +4pips. no moves on the usd news today. maybe next week
  • #11,588
  • Mar 27, 2014 11:54am Mar 27, 2014 11:54am
Quoting HannesJoub
I am assuming that you are using Oanda, as you answered my question, or are you with another broker?
Yeah I have a small account there to trade the big news but I'm straddling the news so for 90% of the news are untradeable in oanda because of the spreads eating the move. But oanda is absolute killer with max 15 pip spread and no slippage during nfp usd/jpy so I wish I had more money there

I use an ECN broker (Admiral markets) for the smaller news where I do get slippage, but the slippage is on the entry because I straddle. I propably get half of the move or even less but I'm always (well most of the time) in the right direction so slippage doesn't kill my trade. My profits are less than you guys but also my losers are less

If you do like tony does and buy before news, oanda is the only option in my opinion.
  • #11,589
  • Mar 27, 2014 8:42pm Mar 27, 2014 8:42pm
Quoting HannesJoub
What can I say??? I opened a pending long on GA, got slipped by 30 pips, then, for some or other reason, my order was closed for a 1 pip loss, even though the price shot up in my favour??? I didn't want to think it in the past, but this broker I am with seems to be playing at something... They should be warned though, I will place exactly the same trades with Oanda, and woe be to them if they differ, at all. This is in effect, at last count, a 70 pip "loss" for me. WTF H
Dude, what in the world did you even trade this week?

The Norway Interest Rate is the only thing I "would have" traded. Looks like UK Retail Sales was good too.
  • #11,590
  • Mar 27, 2014 11:38pm Mar 27, 2014 11:38pm
i will waiting GBPUSD news...it can make a good profit
"Trap The RED News"
  • #11,591
  • Mar 27, 2014 11:46pm Mar 27, 2014 11:46pm
Quoting SaiLyfee
{quote} Yes, I agree, the KEY is to BUY I have found... Its strange but true, from what I've seen myself banks move prices up on news more than they do down.
Prices always go up i think so..
  • #11,592
  • Mar 28, 2014 3:44am Mar 28, 2014 3:44am
Quoting Fx3422271
{quote} Dude, what in the world did you even trade this week? The Norway Interest Rate is the only thing I "would have" traded. Looks like UK Retail Sales was good too.
FX, you know me, I traded EVERYTHING (crack head post earlier) (in the name of testing etc, this is not normal behaviour...) think about it, if I only took 9 / 10 trades a month, and these things happened, that would be even more devastating, so, I am testing, and I am glad I did, now I can change my way of trading with this broker...

Oh, and yes, there were a couple of revenge trades, damn ...no one was here to tell me not to...

H
  • #11,593
  • Mar 28, 2014 3:53am Mar 28, 2014 3:53am
I am going to monitor the next GBP news on a 5 sec chart... anyone joining?
  • #11,594
  • Mar 28, 2014 4:16am Mar 28, 2014 4:16am
Quoting Claudius
I am going to monitor the next GBP news on a 5 sec chart... anyone joining?
I'm there like a bear...

H

  • #11,595
  • Mar 28, 2014 4:17am Mar 28, 2014 4:17am
BTW, can we consolidate all news sources in one post?

I know of the following:

1) Forex Factory
2) My FX book
3) Trading Economics

Can we add the others, that are worthwhile to that list please?

Thanks in advance

H

  • #11,596
  • Mar 28, 2014 4:19am Mar 28, 2014 4:19am
Quoting Claudius
I am going to monitor the next GBP news on a 5 sec chart... anyone joining?
I'm jumping in with a 18 pip SL before news.
Invest in alarm clocks
  • #11,597
  • Mar 28, 2014 4:22am Mar 28, 2014 4:22am
It's always an unexpected pleasure to have Tony's onboard on news not on page #1!
  • #11,598
  • Mar 28, 2014 4:24am Mar 28, 2014 4:24am
Quoting Tony112
{quote} I'm jumping in with a 18 pip SL before news.
Which pair Tony ? GBPUSD ?
  • #11,599
  • Mar 28, 2014 4:26am Mar 28, 2014 4:26am
Quoting skyline
{quote} Which pair Tony ? GBPUSD ?
yes, at your discretion if you buy or sell ...
Invest in alarm clocks
  • #11,600
  • Mar 28, 2014 4:27am Mar 28, 2014 4:27am
going short on GBP/CAD, lets give this a go.
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