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Central Banks & Big Players

  • #12,441
  • May 7, 2014 10:28pm May 7, 2014 10:28pm
Quoting vandigo
Tony will you be trading ECB Press Conference & Unemployment Claims which will be out at same time. Im abit confused of which pair to use. Pls advice me here. Thanks.
Weekly unemployment reports haven't been doing much more effect than a baby snail... So I completely ignore them.
I'm gonna be monitoring my 5 sec chart to see what ''the mouth'' will be saying.
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  • #12,442
  • Edited 10:52pm May 7, 2014 10:31pm | Edited 10:52pm
tony ... I always hit the stop loss. I use 10 SL. .. How stop loss should I use?
  • #12,443
  • May 7, 2014 10:34pm May 7, 2014 10:34pm
Quoting 33drifter
{quote} Are we talking 4 or 5 digit brokers here?

from 0.9320 to 0.9520....2 cents
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  • #12,444
  • May 7, 2014 10:37pm May 7, 2014 10:37pm
I have to buy a good high-end camera and start filming.
Invest in alarm clocks
  • #12,445
  • May 7, 2014 10:46pm May 7, 2014 10:46pm
i boarded the train at 2nd station and TP is somewhere in the sky.. (All credit goes to TONY.. luv u.)
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  • #12,446
  • May 7, 2014 11:03pm May 7, 2014 11:03pm
Hehehe with all that appreciation in the air guys you can expect something big now! The videos are coming and we'll be organizing a huge bash. The problem is distances... I don't know how many folks will be able to make it to NY, Florida, or Montreal. We'll plan all that in advance.
Invest in alarm clocks
  • #12,447
  • May 7, 2014 11:04pm May 7, 2014 11:04pm
Quoting Suranta366
tony ... I always hit the stop loss. I use 10 SL. .. How stop loss should I use?
10 pips is too small... the big news will wipe you out by default... at least 18 pips.. and it all depends on your broker.
Invest in alarm clocks
  • #12,448
  • May 8, 2014 12:42am May 8, 2014 12:42am
Quoting Tony112
{quote} 10 pips is too small... the big news will wipe you out by default... at least 18 pips.. and it all depends on your broker.
Thank you tony. my last two trading loss as 10 SL. .. but last month's successful trading with 10 SL. so the previous profit lost because 10 SL. I will use 18 SL
  • #12,449
  • May 8, 2014 1:02am May 8, 2014 1:02am
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  • #12,450
  • May 8, 2014 3:37am May 8, 2014 3:37am
Central Banks & Big Players
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  • #12,451
  • May 8, 2014 4:05am May 8, 2014 4:05am
Quoting SaiLyfee
Central Banks & Big Players {image}
And big mouths LMFAO
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  • #12,452
  • May 8, 2014 4:09am May 8, 2014 4:09am
Quoting Tony112
{quote} And big mouths LMFAO
Yeah...ugh, they disgust me. I guess best we can do though is adopt and adapt and use what we have here to the most of our advantage
  • #12,453
  • May 8, 2014 7:23am May 8, 2014 7:23am
I haven't traded ECB news before, at what point do we place the trade, 2 minutes before the speech or at some strategic point through-out?
  • #12,454
  • May 8, 2014 7:23am May 8, 2014 7:23am
Quoting Tony112
{quote} And big mouths LMFAO
Tony my friend are u reading the 5 sec chart...
  • #12,455
  • May 8, 2014 7:28am May 8, 2014 7:28am
http://www.ecb.europa.eu/press/tvser...140508.en.html
  • #12,456
  • May 8, 2014 7:36am May 8, 2014 7:36am
First Attempt 0SL GO 200 PIPS
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  • #12,457
  • May 8, 2014 7:37am May 8, 2014 7:37am
did you end up trading this tony?
  • #12,458
  • May 8, 2014 7:46am May 8, 2014 7:46am
Closed out with profit because it looked like it was retracing back down

Now it's bloody shooting up again...

BTW I don't just aim for 200 pips - I close when I think it's going to retrace
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  • #12,459
  • May 8, 2014 7:56am May 8, 2014 7:56am
I am currently in the process of transferring to Oanda and testing out the platform with live news... how the hell do you measure pips? (crosshair tool) also do they have an atr trail or something?
  • #12,460
  • May 8, 2014 8:00am May 8, 2014 8:00am
big mouth at :52:15
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