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News trading the simple way

  • #41
  • Aug 19, 2014 3:46am Aug 19, 2014 3:46am
at the end I can't complain because I lost nothing
And now Iam very thankfull for those 4,8 pips

lets move on to the US news later on
  • #42
  • Aug 19, 2014 4:17am Aug 19, 2014 4:17am
Hi everyone,

Without offering any form of promotion I personally use IC Markets for news trading.

Here are my trades from the pound news. It may be that I have not complied with all the rules, if so, please let me know.
Attached Image (click to enlarge)
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  • #43
  • Aug 19, 2014 4:26am Aug 19, 2014 4:26am
Quoting frietzak
Hi everyone, Without offering any form of promotion I personally use IC Markets for news trading. Here are my trades from the pound news. It may be that I have not complied with all the rules, if so, please let me know. {image} {image} {image} {image}
very nice!
Iam with IC Markets as well, but my order got slipped very hard...

But it seems your orders are more than fine in line?!?!
  • #44
  • Aug 19, 2014 6:24am Aug 19, 2014 6:24am
Quoting Jeffray
{quote} very nice! Iam with IC Markets as well, but my order got slipped very hard... But it seems your orders are more than fine in line?!?!
Yes, I had no problems at all.

I can think of two things what may have been the cause.
- The timing of the placement of the trades. I had all my pendings ready 10 to 6 minutes before the news.
- Internet connectivity, speed and latency. For convenience, I just looked up my stats. My ping is 11 ms, download speed is 65 Mbps and my upload is 8.7 Mbps.

You can view your own internet statistics at http://www.speedtest.net/
  • #45
  • Aug 19, 2014 6:39am Aug 19, 2014 6:39am
Quoting frietzak
{quote} Yes, I had no problems at all. I can think of two things what may have been the cause. - The timing of the placement of the trades. I had all my pendings ready 10 to 6 minutes before the news. - Internet connectivity, speed and latency. For convenience, I just looked up my stats. My ping is 11 ms, download speed is 65 Mbps and my upload is 8.7 Mbps. You can view your own internet statistics at http://www.speedtest.net/
cheers mate!

I just checked my connectivity.
Firstly I was connected by WiFi with the following result:

Attached Image (click to enlarge)
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Then I connected my Laptop via cable to the router with this result:

Attached Image (click to enlarge)
Click to Enlarge Name: Cable.PNG Size: 50 KB


Will keep my Laptop connected via cable for the US news. Lets see if I get a better performance.
  • #46
  • Aug 19, 2014 6:49am Aug 19, 2014 6:49am
Quoting Jeffray
{quote} cheers mate! I just checked my connectivity. Firstly I was connected by WiFi with the following result: {image} Then I connected my Laptop via cable to the router with this result: {image} Will keep my Laptop connected via cable for the US news. Lets see if I get a better performance.
Mate, your speed's off the chain! You must be on fibre-optic so I wouldn't worry about that. Besides, if you get the orders in place the rest is up to your broker anyway.
  • #47
  • Aug 19, 2014 6:50am Aug 19, 2014 6:50am
Quoting Jysticim
That's what I mean
Hi Jysticim;

It may be for my bad English, but I still do not quite understand, what level you place your orders.

example:
In the news today at 11:25 in gpaud closed at 178811 do you put the order to the next level 00 (1.78800) ? or the next Level 05 (1.78750)? or at x pips from the close.

Thanks.
  • #48
  • Aug 19, 2014 7:08am Aug 19, 2014 7:08am
Quoting frietzak
{quote} Yes, I had no problems at all. I can think of two things what may have been the cause. - The timing of the placement of the trades. I had all my pendings ready 10 to 6 minutes before the news. - Internet connectivity, speed and latency. For convenience, I just looked up my stats. My ping is 11 ms, download speed is 65 Mbps and my upload is 8.7 Mbps. You can view your own internet statistics at http://www.speedtest.net/
I think 10 to 15 seconds are enough to place pending orders before high impact news.
My Pips Stolen By The Broker
  • #49
  • Aug 19, 2014 7:19am Aug 19, 2014 7:19am
Quoting kjaved
{quote} I think 10 to 15 seconds are enough to place pending orders before high impact news.
yeah... I placed my orders 3-4 minutes before the happening...

Once the order is placed, it is saved on the servers. The rest is broker depending I think
  • #50
  • Aug 19, 2014 7:28am Aug 19, 2014 7:28am
lets get ready to rumble
  • #51
  • Aug 19, 2014 7:37am Aug 19, 2014 7:37am
5 more pips. That'll do nicely.
  • #52
  • Aug 19, 2014 7:45am Aug 19, 2014 7:45am
First trade live micro account. tiny bit of slippage

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  • #53
  • Aug 19, 2014 7:54am Aug 19, 2014 7:54am
Good job, wish you all many green pips and let the news be big .
  • #54
  • Aug 19, 2014 8:14am Aug 19, 2014 8:14am
Today was a very good day. When I make such good results, I must always be careful that I do not get over excited. At the end, the result of today does not guarantee the outcome of tomorrow.

I wrote down four points of optimization for myself;
1. Better coordination lotsizes. 5% risk is 5% risk.
2. Using sufficient gap between the buy and the sell.
3. Disable emotions. Do not close trades manually because you are afraid to lose. Jystic gave good advice by saying simply close your eyes for a few seconds.
4. Learn to enjoy your results. Seize the day and celebrate the results achieved.

The results for the entire day are in total 11,73%. This is the result of the pound and usd news together. With the above named points of optimization I would had reached 20%. Small disclaimer; this result was achieved on a demo account with a start capital of 3.000 euro.

Here are my results of 19-08-2014 USD RED News.

As you can see I closed 3 of the 4 trades manually, because I was afraid to lose. If I waited longer these three trades would have also hit TP.

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  • #55
  • Aug 19, 2014 8:23am Aug 19, 2014 8:23am
I noticed it took 3 minutes to take profit after the US news as there was a bit of a tug of war between the bulls and bears due to opposing figures from 3 different releases (Building Permits, CPI m/m and Core CPI m/m.)

So I'm wondering, should I tread with more caution where there are simultaneous red news releases in the future, or is that just nit-picking?
  • #56
  • Aug 19, 2014 8:25am Aug 19, 2014 8:25am
That's just something you experience your own I would trade it.
  • #57
  • Aug 19, 2014 12:51pm Aug 19, 2014 12:51pm
Hi, thank you for sharing a great system! I was using almost the same but putting according 1m chart 2 minutes before a trade(colour of candle determines the move on news) using TS.
Just want to clarify few things if you may on USD news move(GU pair):
1. GU 10 min before news were @1.6636 level. So it means that Buy stop should be placed @1.6640(TP 1.6645 and sl 1.6630) and Sell stop @1.6630 levels(TP 1.6625 and SL 1.6640)?
2. If that is the case than it means that GU trade had a loss according to rules?
Thanks in advice
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  • #58
  • Aug 19, 2014 1:05pm Aug 19, 2014 1:05pm
Maybe this is the awnser.
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  • #59
  • Aug 19, 2014 1:07pm Aug 19, 2014 1:07pm
Quoting frietzak
Today was a very good day. When I make such good results, I must always be careful that I do not get over excited. At the end, the result of today does not guarantee the outcome of tomorrow. I wrote down four points of optimization for myself; 1. Better coordination lotsizes. 5% risk is 5% risk. 2. Using sufficient gap between the buy and the sell. 3. Disable emotions. Do not close trades manually because you are afraid to lose. Jystic gave good advice by saying simply close your eyes for a few seconds. 4. Learn to enjoy your results. Seize the...

Demo news trading is waste of time. Live results will be completely different. (experience)
  • #60
  • Aug 19, 2014 1:39pm Aug 19, 2014 1:39pm
Quoting Jysticim
Maybe this is the awnser. {image}
Thank you for an answer, only one thing is unclear in that picture. Buy stop level you put it @1.6650. According to Udine rules first level would be 1.6640 level and in that picture you show that 10 pips trigger we should have for buy stop order. So last question would be: should we trade nearest '00 levels or put 10 pips from closing pair px 10 min before the news and trade from that level?
Kind regards
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