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  • #12,381
  • May 6, 2014 8:55am May 6, 2014 8:55am
Quoting jonander50
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.
Haha money-lose addicts?

0SL my friend!
  • #12,382
  • May 6, 2014 4:00pm May 6, 2014 4:00pm
Quoting jonander50
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.
Great advice there, most news releases highlighted in red on the FF calendar are not worth trading. Just do a bit of backtesting for yourselves, sites like FPA and NewsImpact have fantastic data on previous price action for all the important announcements going back at least a year. You can see the PA for each event on the different pairs and on different time frames.

Tony's list has got most of the good ones but there are others which I straddle trade very successfully - Nzd employment, Cad employment (which usually comes out with NFP but is good on any other CAD pair not USDCAD), Aud cash rate statement, Chinese HSBC Flash Manufacturing PMI, GBP Manufacturing PMI, GBP Bank Rate Statement, FOMC Statement, FOMC Meeting Minutes. In addition there are four great quarterly announcements which have been very profitable; Aud CPI and GDP qoq, Gbp Prelim GDP qoq and the BOE Inflation report. I base this on eighteen months data, 9 months backtested and 9 months real trading.

You have to be patient, take a longer term view and look at the history of the announcements - sometimes a news event can do nothing for 3 or 4 months but then hit a purple patch. Remember what we are basically doing here is flipping a coin, calling heads with an even chance - tails we lose 15pips, heads we win 50 pips. Sounds great and it is - but try this as an exercise. Flip a coin 200 times and keep a note of the winning sequences. You will have frequent losing runs of 3,4,5 and more. You will have a losing run of 10 on a 50% strike rate sooner or later. Just google losing run probability.
  • #12,383
  • May 6, 2014 4:42pm May 6, 2014 4:42pm
I will be trading NZD quarterly employment change and unemployment rate in 1 hour from now risking 6%. This is gonna be big. Wish me luck
  • #12,384
  • May 6, 2014 4:44pm May 6, 2014 4:44pm
Why u need luck in forex? your not gambling.....
  • #12,385
  • May 6, 2014 4:46pm May 6, 2014 4:46pm
Quoting JedyHacKer
Why u need luck in forex? your not gambling.....
I know that, when the odds are always in our favour its not gambling, we are simply our own casino and the FX market are our unsuspecting customers
No matter what happens I'll be happy I took the trade, that's saying something
  • #12,386
  • May 6, 2014 5:00pm May 6, 2014 5:00pm
Again the Royal Bank Of Scotland are doing it again..
Attached Image
  • #12,387
  • May 6, 2014 5:50pm May 6, 2014 5:50pm
I entered early to avoid a 3+ spread with 20SL to compensate for it being higher and only paid 2.8. There will be better days.

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  • #12,388
  • May 6, 2014 8:45pm May 6, 2014 8:45pm
Made back some of my losses today thanks to Glenn Stevens. I sold retail sales thanks to him letting us all know the day before
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  • #12,389
  • May 6, 2014 10:10pm May 6, 2014 10:10pm
Quoting SaiLyfee
Made back some of my losses today thanks to Glenn Stevens. I sold retail sales thanks to him letting us all know the day before {image}
mmm...sniffed upon pip crumbs
  • #12,390
  • May 6, 2014 11:00pm May 6, 2014 11:00pm
Quoting Tuffy
{quote} mmm...sniffed upon pip crumbs
I was like, wait a second, but the 'analysts' are forecasting higher, .. but the head of the RBA is saying its scheduled to be lower, obviously he knows more than they do.. I was pretty happy seeing that
  • #12,391
  • May 6, 2014 11:24pm May 6, 2014 11:24pm
Quoting SaiLyfee
{quote} I was like, wait a second, but the 'analysts' are forecasting higher, .. but the head of the RBA is saying its scheduled to be lower, obviously he knows more than they do.. I was pretty happy seeing that
pays to snuffle around

that small edge, knowing something others don't is the difference between taking the bus... and your ford mustang
  • #12,392
  • Edited 11:40pm May 6, 2014 11:26pm | Edited 11:40pm
Quoting Tuffy
{quote} pays to snuffle around that small edge, knowing something others don't is the difference between taking the bus... and your ford mustang
Oh my god...hahaha how did you know? A ford mustang is my DREAM CAR...

I posted it once on this thread so that might be how you know about it, this literally made me smile so much

One day when I have one, I'll post myself standing next to it
  • #12,393
  • May 7, 2014 5:46am May 7, 2014 5:46am
Quoting nitecop
Hey all, just wondering how have you guys been doing? are you all with oanda? any slippage horror stories like dukascopy still happening? I'm not able to set my mind as to staying with duka and trying to figure out a way that works with them or switch to a broker i have lesser trust. let me know what you guys are experiencing!
Hey Nitecop, I'm new here at fore factory and have just become a client of Dukascopy. I had and experience yesterday that left a sour taste in my mouth. I had placed an order to sell at .8713 and the trade did not take effect till .86965. Why does such a thing happen. I lost out on twenty pips luckily this trade only costed me a few bucks. Wasn't impressed to say the least.
  • #12,394
  • May 7, 2014 1:01pm May 7, 2014 1:01pm
Quoting tlusignan
{quote} Hey Nitecop, I'm new here at fore factory and have just become a client of Dukascopy. I had and experience yesterday that left a sour taste in my mouth. I had placed an order to sell at .8713 and the trade did not take effect till .86965. Why does such a thing happen. I lost out on twenty pips luckily this trade only costed me a few bucks. Wasn't impressed to say the least.
I'm not familiar with entry slippages so much, my slippages were with Stop Losses
  • #12,395
  • May 7, 2014 1:17pm May 7, 2014 1:17pm
Who is trading the AUD unemployment later?
  • #12,396
  • May 7, 2014 2:54pm May 7, 2014 2:54pm
The Main Event is approaching

AUD Unemployment Rate


Attached Image



Good luck to all traders
  • #12,397
  • Edited 6:30pm May 7, 2014 6:14pm | Edited 6:30pm
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Talk about riddling..

Interesting also:

http://www.theguardian.com/world/201...-rate-imf-says
  • #12,398
  • May 7, 2014 6:34pm May 7, 2014 6:34pm
Hi Guys,

Been reading through the thread for the last few days, seems like a simple system with successful results.

Thanks Tony112 and all the regular contributors for a new way to look at trading.

Id like to get in on the action - AUD unemployment news in a few hours, what pair are we buying??
  • #12,399
  • May 7, 2014 7:41pm May 7, 2014 7:41pm
Quoting pips2504
The Main Event is approaching AUD Unemployment Rate {image} Good luck to all traders
preping to rumble in the kiwi jungle ... 50 minutes to go
  • #12,400
  • May 7, 2014 7:41pm May 7, 2014 7:41pm
Quoting 33drifter
Hi Guys, Been reading through the thread for the last few days, seems like a simple system with successful results. Thanks Tony112 and all the regular contributors for a new way to look at trading. Id like to get in on the action - AUD unemployment news in a few hours, what pair are we buying??
Thinking of being contrarian and buying EUR/AUD myself.
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