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Central Banks & Big Players

  • #12,361
  • May 5, 2014 8:03pm May 5, 2014 8:03pm
Quoting Fedmayne
I think the best news to trade every month are the unemployment reports for all of the major currencies as well as central bank speeches, and FOMC events. This week that would include the CAD and AUD unemployment reports and the ECB press conference and possibbly the RBA statement. If you click on the folder to the right of each news event you will find what date that event took place on in the past. Look at these dates and open up your MT4 with the corresponding currency and see what happened when they took place in the past. All we are trying...

I mean when news are for aud for example. Ho wdo i know to trade audjpy or audusd?
  • #12,362
  • May 5, 2014 8:12pm May 5, 2014 8:12pm
Speeches can be traded the same way as the news is being traded on this thread. From what I have seen looking back through the charts at these news events is that they can often be choppy compared to the one way movement that unemployment reports typically create. This makes them a little more risky but they are among the news that can take you into profit with a lot of volatility.
  • #12,363
  • May 5, 2014 8:15pm May 5, 2014 8:15pm
Quoting masterok
{quote} I mean when news are for aud for example. Ho wdo i know to trade audjpy or audusd?
You could trade either one. The spread will probably be better on AUD/USD which could make or break the trade. The additional volatility that you might get from the Yen cross probably would not outweigh the spread you might face when it widens. There is no way to know for sure. One thing you could do is look back at the previous releases and observe the price action on both AUD/USD and AUD/JPY at the time of release and decide for yourself.
  • #12,364
  • May 5, 2014 11:38pm May 5, 2014 11:38pm
Sometimes this also happens..
Attached Image (click to enlarge)
Click to Enlarge Name: audusd1.png Size: 173 KB
  • #12,365
  • May 5, 2014 11:48pm May 5, 2014 11:48pm
Quoting SaiLyfee
{quote} Nice to see you around, I remember seeing you trading at this thread when I was new here. As for if there is a way to beat these guys, yes, simply just follow Tony's proven method. He's made it work for him, I don't see why anybody else couldn't make it work either. This method has got to be the most simple, yet at the same time most rewarding way of trading out there. If anything can be learnt from this, its that the simple things in life are what work. I really liked the story about how Tony met the girl who eventually became his wife...
sail y free, Sail free very soon...if you happen to practice what you say so well... Do not fall into the "priest-syndrome": beautiful, holy words and then... they get off the chair and do exactly the opposite of what they preached 5 minutes before.... I do sometimes......
  • #12,366
  • May 5, 2014 11:48pm May 5, 2014 11:48pm
0SL is best move
  • #12,367
  • May 6, 2014 2:31am May 6, 2014 2:31am
Quoting bernbeach
{quote} sail y free, Sail free very soon...if you happen to practice what you say so well... Do not fall into the "priest-syndrome": beautiful, holy words and then... they get off the chair and do exactly the opposite of what they preached 5 minutes before.... I do sometimes......
Thank you bernbeach, nice of you to say that, let there be no doubt that I'm here to practice what I preach! I know what you mean, I've seen it happen to others as well..I'll be here 10:45am my time tomorrow for NZD unemployment and no matter what happens I'll be happy in knowing I'm one little step closer to where I am wanting to be Wish you all the best buddy
  • #12,368
  • May 6, 2014 2:46am May 6, 2014 2:46am
Am I the only one tonight flirting with the thought of trading GBP Services PMI

Since LO GPB has been nothing but up in a vertical line and its making me wonder if all the big players are trading this up to 1.7 as they know what the PMI is before it is released.
  • #12,369
  • May 6, 2014 3:00am May 6, 2014 3:00am
OH SNAAAAP!!!!!!!!!!
Attached Image


Ok, I will try this.
  • #12,370
  • May 6, 2014 3:33am May 6, 2014 3:33am
0SL
Attached Image (click to enlarge)
Click to Enlarge Name: 0sl.png Size: 36 KB

Got slipped a little when it came back down to take my SL out. -0.16%.
  • #12,371
  • May 6, 2014 3:39am May 6, 2014 3:39am
Today is 0SL day, Two matches finishes on Tie.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd2.png Size: 173 KB
  • #12,372
  • May 6, 2014 3:46am May 6, 2014 3:46am
Quoting jeetvirk
Today is 0SL day, Two matches finishes on Tie. {image}
Any slippage, at all?..

Kinda gutted they took $1.34 from me lol..
  • #12,373
  • May 6, 2014 3:55am May 6, 2014 3:55am
Quoting SaiLyfee
{quote} Any slippage, at all?.. Kinda gutted they took $1.34 from me lol..
They took 0.60 $ from me
  • #12,374
  • May 6, 2014 3:57am May 6, 2014 3:57am
Quoting jeetvirk
{quote} They took 0.60 $ from me
Ah well, thieves!!! Still, I hear OANDA is better than most other brokers out there when it comes to slippage so I suppose it is ok. I'd rather a 0SL anyway. I took Tony's advice from past posts and moved to BE as soon as I could, felt pretty good Pity it was such an ugly whipsaw with hardly any impact. Don't think I'll bother with this news again. Was nice to have you on board, I'm sure there'll be plenty of shared wins in the future, keep up the good trading buddy!
  • #12,375
  • May 6, 2014 4:03am May 6, 2014 4:03am
Quoting SaiLyfee
OH SNAAAAP!!!!!!!!!! {image} Ok, I will try this.
Hi SaliLyfee. I like your news system
It is a windows applet ?
  • #12,376
  • May 6, 2014 4:21am May 6, 2014 4:21am
Quoting totowah
{quote} Hi SaliLyfee. I like your news system It is a windows applet ?
Haha thanks, the funny thing is it's nothing special. I just downloaded the thinkorswim platform and opened a papermoney demo account. From there you can access the live news feed for any trading instrument you wish with live updates
I find it odd...one other time before a CAD unemployment data release it came up hinting that some guy from the RBS was saying he expected it to come out less than forecasts and then weirdly it did. I don't know, so far it's been 100% on its predictions I've seen, but I wouldn't bet my life on what it tells me LOL. It was just enough to catch my attention this time around because I remembered back to that other time.
I would say though that these PMI releases aren't great for news trading since GBP is known for whipsawing news, and this news in particular isn't that volatile compared to others that would be more worthwhile. You can see I was hit out for 0SL because of that atrocity of a whipsaw on official release time
  • #12,377
  • May 6, 2014 7:33am May 6, 2014 7:33am
USD and CAD Trade Balances are weak...
  • #12,378
  • May 6, 2014 8:05am May 6, 2014 8:05am
I have a very peaceful day today. I will be updating page 1. I have to be inspired.
Invest in alarm clocks
  • #12,379
  • May 6, 2014 8:06am May 6, 2014 8:06am
Stick to the main news, you money-lose addicts.

German IFO business climate, French and german flash manufacturing pmi, german ZEW economic sentiment, ecb press conferences, draghi speeches, usd non-farm payrolls, gbp claimant count changes, aud employment changes.

Thats all.
  • #12,380
  • May 6, 2014 8:41am May 6, 2014 8:41am
Quoting Tony112
I have a very peaceful day today. I will be updating page 1. I have to be inspired.

I have 0SL day today. later on both pairs went to northpole..
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