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Central Banks & Big Players

  • #11,981
  • Apr 13, 2014 12:39am Apr 13, 2014 12:39am
Draghi Says Euro Appreciation Would Trigger ECB Stimulus - Bloomberg
http://www.mercalia.com/en/news/drag...ulus-bloomberg
  • #11,982
  • Apr 13, 2014 9:07am Apr 13, 2014 9:07am
Reading the first 100 pages of this thread I feel like I've got to post my dream car as well!
Her names Eleanor
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Someday... Now...better get some sleep, its 2am, I have university tomorrow early start, and I've been reading and taking notes for quite awhile now
See you guys for some good trades this week hopefully
  • #11,983
  • Apr 13, 2014 12:45pm Apr 13, 2014 12:45pm
[quote=ind.engineer;7401305]{quote} I have attached a photo of my excel statisticts, I think you mean that one, you sell and buy at same time just before 2 minutes the news releases...I follow Tony's strategy but i also try to make another strategy with my friend, we buy and sell at same time ...and you can see the results we get in the photo i hv attached...There was 23 pips slippage and 31 pips slippage but our profit is positive in either way.(Unlucky that we have to share the profit
  • #11,984
  • Apr 13, 2014 3:02pm Apr 13, 2014 3:02pm
Hi, Engineer,
I found you use the same strategy like me. Buying and selling at the same time. I set my tp to 50pips in average and my Sl to 9pips. Orders are launched 2minutes before the new release ., only high impact news releases. Started it 2weeks ago. So far so good. But Last week during one gbp release, my broker that usually has a little slippage, let my Sl of 9pips get executed at -73pips. Disappointed I sent an email of complain to the broker who first refused to reimburse me, and after a second agressive email, they reimbursed me 56pips corresponding of the first time my Sl order tried to enter the market and get rejected again and again until the -73pips.I think this time I got lucky. I wonder if they will be that kind at every huge slippage. The strategy seems good but I found some limitations That can be fixed maybe. PM me if you want to discuss about this.</p>
  • #11,985
  • Apr 13, 2014 6:40pm Apr 13, 2014 6:40pm
News Strategy on ECN Broker

Hi folks,

Do we have anybody trading the news strategy with an ECN broker?
Please share your experience with order entry during News minutes, slippages and if possible your broker.

Thanks
  • #11,986
  • Apr 13, 2014 8:18pm Apr 13, 2014 8:18pm
Good watch
Inserted Video
  • #11,987
  • Apr 13, 2014 9:01pm Apr 13, 2014 9:01pm
EU hit my money ..yeah!
  • #11,988
  • Apr 14, 2014 4:50am Apr 14, 2014 4:50am
Quoting Tony112
{quote} nice stats man, you look like someone that's gonna succeed. Keep it up
Thanks Tony, I hope the best for all friends who follow your amazing strategy...
  • #11,989
  • Apr 14, 2014 5:37am Apr 14, 2014 5:37am
Quoting Nfp
{quote} my friend want to buy at 1.38255 pray for him
bump!

is quiet now...we are moving to take some rest for few days...we want to make some talk for federal department
  • #11,990
  • Apr 14, 2014 5:39am Apr 14, 2014 5:39am
i need to meet draghi tomorrow..we have some tea

drink and take some cigaret and please pray for your life..money is not everything..

your wife and girlfriend is everything in this world
  • #11,991
  • Apr 14, 2014 5:41am Apr 14, 2014 5:41am
take a rest and please..please..you life is worth than toilet money paper...
  • #11,992
  • Edited 5:52pm Apr 14, 2014 5:30pm | Edited 5:52pm
Quoting Tony112
{quote} nice stats man, you look like someone that's gonna succeed. Keep it up
Hey Tony, do you still trade the LS and NY market opens with a 2 pip SL?
Reading from the old posts I see you would wait for an initial direction to be taken on the 5 second chart before entering.
I haven't finished reading through all of the pages yet but I'd appreciate your opinion on if this type of method still has potential in your experience?
I am thinking of trying this over a period of 150 LS and 150 NY opens to see what kind of results and returns I can gather from doing this.
  • #11,993
  • Apr 14, 2014 8:28pm Apr 14, 2014 8:28pm
Quoting SaiLyfee
{quote} Hey Tony, do you still trade the LS and NY market opens with a 2 pip SL? Reading from the old posts I see you would wait for an initial direction to be taken on the 5 second chart before entering. I haven't finished reading through all of the pages yet but I'd appreciate your opinion on if this type of method still has potential in your experience? I am thinking of trying this over a period of 150 LS and 150 NY opens to see what kind of results and returns I can gather from doing this.

news trading has more impact... I've filtered to trade only the cream of the crop
Invest in alarm clocks
  • #11,994
  • Apr 14, 2014 8:34pm Apr 14, 2014 8:34pm
counting on news like there's a space shuttle taking off
Invest in alarm clocks
  • #11,995
  • Apr 14, 2014 8:37pm Apr 14, 2014 8:37pm
Quoting Tony112
{quote} news trading has more impact... I've filtered to trade only the cream of the crop
Okay sure, but this would still be a potentially profitable way to trade right? I can see in your experience earlier on it was.
I'm trying to understand news entries better, do you just take the trade exactly 2mins before? Or are there cases where price may react in a certain way before the news that will make you not take that trade? I thought that you were against having to contend with slippage?
  • #11,996
  • Apr 14, 2014 8:44pm Apr 14, 2014 8:44pm
Quoting SaiLyfee
{quote} Okay sure, but this would still be a potentially profitable way to trade right? I can see in your experience earlier on it was. I'm trying to understand news entries better, do you just take the trade exactly 2mins before? Or are there cases where price may react in a certain way before the news that will make you not take that trade? I thought that you were against having to contend with slippage?

It is profitable... but many consecutive opens with no wins will drag your account down. News impacts give you an edge, specially if you enter before. I get no slippage... just a big spread split in half
Invest in alarm clocks
  • #11,997
  • Apr 14, 2014 9:00pm Apr 14, 2014 9:00pm
Quoting Tony112
{quote} It is profitable... but many consecutive opens with no wins will drag your account down. News impacts give you an edge, specially if you enter before. I get no slippage... just a big spread split in half
Ah this is great to hear that you get no slippage! I have seen people here complaining about slippage before and thought that would be the case with this system.
Perhaps they weren't with OANDA however.
I suppose this must be as a result of entering exactly 2 mins before irrespective of all candle formations at that time then.
Thus the spread is nice and small..

Seeing the front page rules now though, how is it you reached the conclusion for different news having different SL's? I am trying to work out the advantage of having an 18 SL over a 7 SL when it comes to trading these news. In the end they're all high impact events and its either going to take off like a space shuttle in your favour or its not. What would be the reasoning for not keeping your SL to the minimum with all newstrades? In other words, what is the benefit of having a higher SL on differing news events when by in large theyre all as volatile as each other being red?
I hope you can respond
Ty
  • #11,998
  • Apr 14, 2014 9:41pm Apr 14, 2014 9:41pm
Quoting SaiLyfee
{quote} Ah this is great to hear that you get no slippage! I have seen people here complaining about slippage before and thought that would be the case with this system. Perhaps they weren't with OANDA however. I suppose this must be as a result of entering exactly 2 mins before irrespective of all candle formations at that time then. Thus the spread is nice and small.. Seeing the front page rules now though, how is it you reached the conclusion for different news having different SL's? I am trying to work out the advantage of having an 18 SL over...
It's all about the spread widening with my broker. The news with 18 pips SL have an average spread of 20 pips during peak (10 pips for me cause I enter before news). The news with 7 pip SL have a peak spread of 15 pips (7.5 pips for me cause I enter before news) It all depends on the news.

E.g. NFP will generate a 20 pips spread during peak of news but I'll only get -10 on my screen since entered before... I then have a 8 pip margin for movement... at the end the NFP produces a burst of 50 to hundreds of pips... so -18 is not a big deal for me. I'm on top of the ball my friends
Invest in alarm clocks
  • #11,999
  • Apr 14, 2014 9:46pm Apr 14, 2014 9:46pm
Quoting Tony112
{quote} It's all about the spread widening with my broker. The news with 18 pips SL have an average spread of 20 pips during peak (10 pips for me cause I enter before news). The news with 7 pip SL have a peak spread of 15 pips (7.5 pips for me cause I enter before news) It all depends on the news. E.g. NFP will generate a 20 pips spread during peak of news but I'll only get -10 on my screen since entered before... I then have a 8 pip margin for movement... at the end the NFP produces a burst of 50 to hundreds of pips... so -18 is not a big deal...
Thank you Tony for explaining this, I understand exactly why this is now, and I have to say knowing the logic behind it with the spreads during these news events being different on average it makes perfect sense now.
Thanks again for taking the time to explain this to me, I'm very happy to be able to say I think I finally have a grasp on things

Edit: I was looking into Interactive Brokers, apparently their spreads are much lower and I know their trading platform also allows for 5 second charts.
I think they may be ECN as well. Although theyre no good for me since you have to be able to deposit 5000 USD to even be able to open an account with them!
  • #12,000
  • Apr 15, 2014 2:56am Apr 15, 2014 2:56am
News trading : GBP CPI y/y

Buy Gbp / Usd or Eur/ Gbp ?? any1 guessing this coming news?
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