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  • #12,241
  • Apr 30, 2014 5:43pm Apr 30, 2014 5:43pm
Quoting Ivanyo
{quote} Look a few pages back Every week Tony tells us what to trade!
I agree it would be nice to have a fully updated comprehensive list that we can all stick to on Page 1. Not all high impact news has as much volatility as the next.

Sitting @ -3.1% for the week so far, don't know if I'll trade NFP because I don't think I will be available for it. Who knows, will have to wait and see.

Really can't wait for that winner I've been waiting for now.
  • #12,242
  • Apr 30, 2014 5:55pm Apr 30, 2014 5:55pm
Ok, I think I've just learnt a hard lesson.
EDIT: Actually no, all is ok, had I gone to BE at 15 pips I still would have been taken out on that dip back down The question still stands though
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At what point does Tony suggest we move to BE. After being 6 pips in profit I went to BE only to be taken out.
Is it better to move SL to BE only once it has reached the same amount of pips in profit?
I.e Move SL of 15 pips to BE once the trade is in 15 pips profit
Is this the way you guys are doing it? Much appreciated.
  • #12,243
  • Apr 30, 2014 6:25pm Apr 30, 2014 6:25pm
Here lies the current problem :

Currency volatilty at lowest since 2007

last week. EURUSD actually had the smallest range since the currency was launched.



I only trade Aud, Kiwi and some limited GBP news data
The current lack of volitility in the Euro , US Dollar & Cad make trading these pairs generally unprofitable

This is a great trading method and this forum has some fanastic clever characters/who give good advice. When the volitility eventually returns to the FX market i am sure it will be very financially rewarding time for all of us - until then, you need to select your trades very carefully

Good luck all
  • #12,244
  • Edited 7:44pm Apr 30, 2014 7:05pm | Edited 7:44pm
Quoting SaiLyfee
Ok, I think I've just learnt a hard lesson. EDIT: Actually no, all is ok, had I gone to BE at 15 pips I still would have been taken out on that dip back down The question still stands though {image} At what point does Tony suggest we move to BE. After being 6 pips in profit I went to BE only to be taken out. Is it better to move SL to BE only once it has reached the same amount of pips in profit? I.e Move SL of 15 pips to BE once the trade is in 15 pips profit Is this the way you guys are doing it? Much appreciated.
according to tony112's rules, answer would be yes to this => "After being 6 pips in profit I went to BE only to be taken out"

it'll protect your account from prices that spike up 15 pips then reverse for 50 pips.
  • #12,245
  • Apr 30, 2014 11:19pm Apr 30, 2014 11:19pm
http://www.currencynewstrading.com/calendar/

Timing
  • #12,246
  • May 1, 2014 1:58am May 1, 2014 1:58am
GBPUSD: Manufacturing PMI tonight..
I know its not on the page #1 but looking at GBPUSD I don't see any further resistance stopping us from 1.7 so I'm going to take a go at this one and enter with a buy with 10pips SL..
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Looking good with a nice low forecast figure too relative to the previous outcome, wouldn't take much of an improvement to see the market sentiment take on bulls
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  • #12,247
  • May 1, 2014 3:33am May 1, 2014 3:33am
Can somebody please clarify for me why I was stopped out when price didn't even hit my stop.......................
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AGGGGGGGH.
  • #12,248
  • May 1, 2014 3:36am May 1, 2014 3:36am
It has been a while since i posted here. Glad to see new followers, congratulations Tony
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  • #12,249
  • May 1, 2014 3:39am May 1, 2014 3:39am
Quoting SaiLyfee
Can somebody please clarify for me why I was stopped out when price didn't even hit my stop....................... {image} AGGGGGGGH.
Look at my chart, price actualy hit your SL. Im using ECN.
  • #12,250
  • May 1, 2014 3:40am May 1, 2014 3:40am
Quoting SaiLyfee
Can somebody please clarify for me why I was stopped out when price didn't even hit my stop....................... {image} AGGGGGGGH.
Hold on I see now...
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Arggggh, I knew I should have used 15 pips but I used 10. Sad.
  • #12,251
  • May 1, 2014 3:42am May 1, 2014 3:42am
Wow...could I be any more unlucky..
  • #12,252
  • May 1, 2014 3:42am May 1, 2014 3:42am
Recovered this weeks losses Thanks Tony..
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  • #12,253
  • May 1, 2014 3:43am May 1, 2014 3:43am
Quoting jeetvirk
Recovered this weeks losses Thanks Tony.. {image}
Glad some of us did...wow...I suck. How many pips SL did you use?
  • #12,254
  • May 1, 2014 3:44am May 1, 2014 3:44am
Quoting SaiLyfee
Wow...could I be any more unlucky..
Forget about luck
  • #12,255
  • May 1, 2014 3:50am May 1, 2014 3:50am
Quoting SaiLyfee
{quote} Glad some of us did...wow...I suck. How many pips SL did you use?
Seems ur stop loss is too close mine is 15 pips.. Spread is bit high today even before 2 mins before news its around 2.5 to 3, some how i manage to enter at 2.0.
  • #12,256
  • May 1, 2014 3:53am May 1, 2014 3:53am
Quoting jeetvirk
{quote} Seems ur stop loss is too close mine is 15 pips.. Spread is bit high today even before 2 mins before news its around 2.5 to 3, some how i manage to enter at 2.0.
*Sigh* .. Oh well, there'll be more hopefully..
Worst feeling trading and losing just waiting for that big one, trading the big one and being taken out for less than a pip...
  • #12,257
  • May 1, 2014 6:30am May 1, 2014 6:30am
Quoting SaiLyfee
{quote} *Sigh* .. Oh well, there'll be more hopefully.. Worst feeling trading and losing just waiting for that big one, trading the big one and being taken out for less than a pip...
If you constantly do what you have to do you will have no disappointment. No matter if you lose or win.
Invest in alarm clocks
  • #12,258
  • May 1, 2014 6:43am May 1, 2014 6:43am
Quoting Lukaszmiami
It has been a while since i posted here. Glad to see new followers, congratulations Tony {image}
Welcome back just in time for the whale on Friday!
Attached Image
Invest in alarm clocks
  • #12,259
  • May 1, 2014 7:27am May 1, 2014 7:27am
Im trading all the time, but i had to take a breake from public forums
  • #12,260
  • May 1, 2014 7:39am May 1, 2014 7:39am
Im still trading...not trading all the time
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