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News trading the simple way

  • #21
  • Aug 16, 2014 8:03am Aug 16, 2014 8:03am
Hi Justicim,

thanks for opening such a thread
Iam mostly trading the News the same way like you describe in here. high five on this one!
Finally a place to share all the trades based on this way of trading!

Regarding the Brokers out there... When it comes to news trading and Oanda there is always negativity included! It starts with the slippage and Ends with huge spreads! I for myself are with ICMarkets and very satisfied with it! (to say; Iam not recommending anything regarding Broker in any way!!)
  • #22
  • Aug 16, 2014 11:40am Aug 16, 2014 11:40am
From the chart you posted, some of the trades are poem at 05 level instead of 00, is this valid?
  • #23
  • Aug 16, 2014 1:21pm Aug 16, 2014 1:21pm
yes
  • #24
  • Aug 17, 2014 5:46am Aug 17, 2014 5:46am
If I do not have time to set pending orders 10 minutes before the news, then you can put them in 2, 3, 5 minutes? Or is it against your rules and trade in this case, you miss it?
  • #25
  • Aug 17, 2014 6:54am Aug 17, 2014 6:54am
Quoting Jysticim
yes

Hi Jysticim;

What rules or filters you use to select which pair to use for news ?.

For example: I see in your posts, as news of GBP, you use gbpjpy and gbpaud .... why not other pairs referenced to the Pound?

Thanks and good luck !!!!!
  • #26
  • Aug 17, 2014 11:16am Aug 17, 2014 11:16am
@ chaveznqoos

You can choose more, but thats also more to handle. You could take all the major GBP pairs its your own choice.
  • #27
  • Aug 17, 2014 5:30pm Aug 17, 2014 5:30pm
Quoting zz_zhang
I am using this method to trade news as well, but my broker oanda doesn't filled the orders when the sl is too tight. For instance A gbp news causing movement for example a pair G/J, the spread could widen to as much as 20 pips thus any sl less than 20pips order likely not to be filled. I was using igmarkets at 1st their spread don't widen but is not suitable to trade news as their slippage is way too high so I open another oanda broker with low slippage but high spread Mind sharing your broker name jysticm thanks.
Both of them trade against you,that's why.

Try dukascopy
Lmax
FXPRO cTrader and you will see the difference.
  • #28
  • Aug 17, 2014 5:48pm Aug 17, 2014 5:48pm
Hello Jysticim, thanks for sharing.

Why TP=5 pips? How about 10 pips? Is this too greedy for your 05 entries?
Would the success rate decrease substantially?

Nice green pip week

T.
  • #29
  • Aug 17, 2014 5:52pm Aug 17, 2014 5:52pm
Hey Jysticim. I've been following Udine's thread, so big respect for your results there.

Just for clarification, in your first example with GBPJPY, what was your reasoning for placing the orders at 172.450 and 172.250, instead of say .400 (which would have lost) and .300? In other words, what's your rule for ensuring you give PA enough of a wide berth to ensure you're not inadvertently entered into a trade a few minutes before the news?
Attached Image (click to enlarge)
Click to Enlarge Name: News1.png Size: 33 KB
  • #30
  • Aug 18, 2014 2:25am Aug 18, 2014 2:25am
@toppo qqq
Trading is not about the pips remember that. Risking 5% a trade and in return you get 2.5% I am totally fine with.

@Mariner7
I have always 20 pips between buy and sell just because there is always a bit pump and dump just before big news.
  • #31
  • Aug 18, 2014 7:47am Aug 18, 2014 7:47am
OK, that makes sense. Cheers for that. I'll give this a go on the Aussie news release, assuming I can stay awake for that. They tend to make pretty tidy moves from what I recall.
  • #32
  • Aug 19, 2014 3:08am Aug 19, 2014 3:08am
anyone with me for the GBP news in 22 min? :nerd:
  • #33
  • Aug 19, 2014 3:17am Aug 19, 2014 3:17am
Quoting Jeffray
anyone with me for the GBP news in 22 min? :nerd:
Hi Jeffray,

Yes, I'll join you.
  • #34
  • Aug 19, 2014 3:21am Aug 19, 2014 3:21am
Quoting frietzak
{quote} Hi Jeffray, Yes, I'll join you.
so lets baaaaggggg it
  • #35
  • Aug 19, 2014 3:30am Aug 19, 2014 3:30am
Gaptastic!!
  • #36
  • Aug 19, 2014 3:34am Aug 19, 2014 3:34am
4 wins - 0 losses.
  • #37
  • Aug 19, 2014 3:36am Aug 19, 2014 3:36am
That's what I mean
  • #38
  • Aug 19, 2014 3:36am Aug 19, 2014 3:36am
Quoting Mariner7
Gaptastic!!
unbelievable!!!
had set my pending at the 70 level at GA...
They slipped my order for 17 pips down to 53.
Got out with plus 4.8 pips
My TP has been the 20 level...

anyone else with the same experience?

Attached Image (click to enlarge)
Click to Enlarge Name: GA 19.08.14.PNG Size: 44 KB
  • #39
  • Aug 19, 2014 3:41am Aug 19, 2014 3:41am
Slippage is normal, to avoid it (can't be totally avoided have a good broker and VPS). Up to the next news.
  • #40
  • Aug 19, 2014 3:43am Aug 19, 2014 3:43am
My broker got me in and out in quite literally 2 seconds, and for 10 pips instead of the targeted five due to the slippage. And they do OCO orders, so I can't complain.
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