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News trading the simple way

  • #61
  • Aug 19, 2014 2:55pm Aug 19, 2014 2:55pm
@Blackjack

I understand your concern but frietzak is trading with the same broker as me if I am right and there the difference is not that much.

@Orangutangas

Just the first gridlevel that is nearest to 10 pips from the price.
  • #62
  • Aug 19, 2014 3:36pm Aug 19, 2014 3:36pm
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.
Hi Jeffray,

Nice internet speed mate! What was your result after the USD news and did you notice a difference with the trades from before?
  • #63
  • Aug 19, 2014 11:52pm Aug 19, 2014 11:52pm
Quoting Jysticim
@Blackjack I understand your concern but frietzak is trading with the same broker as me if I am right and there the difference is not that much. @Orangutangas Just the first gridlevel that is nearest to 10 pips from the price.
Ty
  • #64
  • Aug 19, 2014 11:55pm Aug 19, 2014 11:55pm
Quoting bluejack
{quote} Demo news trading is waste of time. Live results will be completely different. (experience)
you are right!
demo trading is good to get a feeling for what will maybe happen but it's absolutely not the same than live trading.
For example, I never had discovered any slippage on a demo account
  • #65
  • Aug 20, 2014 12:02am Aug 20, 2014 12:02am
Quoting frietzak
{quote} Hi Jeffray, Nice internet speed mate! What was your result after the USD news and did you notice a difference with the trades from before?

can't complain with an download speed of 16 MB per second

But after all, back to trading, I was trading Gold yesterday with the US News because on the same events before, I found out that it is moving quiet nicely for about 100 pips in 2 minutes.
Well, It never happened yesterday. My pending order got triggered moved into profit and immediately the broker widened the spread to a bit more than 30 pips and my SL got triggered.
But fortunately my pending got slipped only by 2 pips this time
  • #66
  • Edited 1:13am Aug 20, 2014 1:02am | Edited 1:13am
Quoting Jeffray
{quote} 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? {image}
Hi Jeffray,

I know you posted this comment last year, but could you please tell me the name of that currency meter that you have in your attached image [from Post #38] because I use currency meters a lot and really find them to be helpful!

You can just give me the name of it and I will look for it.

Thanks mate
It's time we stop entertaining ourselves and start realizing ourselves!
  • #67
  • Aug 20, 2014 3:21am Aug 20, 2014 3:21am
Quoting moneyflow21
{quote} Hi Jeffray, I know you posted this comment last year, but could you please tell me the name of that currency meter that you have in your attached image [from Post #38] because I use currency meters a lot and really find them to be helpful! You can just give me the name of it and I will look for it. Thanks mate
PM sent


Lets ride the GBP news wave
  • #68
  • Aug 20, 2014 3:38am Aug 20, 2014 3:38am
What a massive difference!!!

Trading on a demo account and your orders get filled perfectly instead of gettin slipped trading live...

5 trades... 5 winners... +20% on demo account

Attached Image (click to enlarge)
Click to Enlarge Name: GBP20.08.14.PNG Size: 78 KB
  • #69
  • Aug 20, 2014 3:38am Aug 20, 2014 3:38am
GU and GJ to TP. Thanks once again Jysticim
  • #70
  • Aug 20, 2014 4:09am Aug 20, 2014 4:09am
I never get any slippage on majors news since trading this method from last week. But gotten a 18 pips slip on long GBPUSD from the GBP Vote news. Still manage to profit 13 pips before trailing stopped.
  • #71
  • Aug 20, 2014 4:29am Aug 20, 2014 4:29am
I've just spoken with the customer support of IC Markets and they said that the live environment is the same as the demo environment. On the demo they copy the situations as they happen live.

Anyway, I believe you rather than the customer support. Is there perhaps a possibility to compare the trades both on the demo and live? At the moment I only trade demo, so I can not compare it myself.

Here are my results of 20-08-2014 GBP RED News.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 52 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1.png Size: 49 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 56 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1.png Size: 60 KB
  • #72
  • Aug 20, 2014 6:11am Aug 20, 2014 6:11am
I sat this one out - I'd seen fake-outs in the past with this news release. The perils of overthinking...

But I noticed something interesting - GBPUSD did make a sharp downturn before heading north, whereas GBPJPY made a much cleaner move (see picture for details).

This would imply that the Yen cross pairs are safer to trade than the US dollar pairs, spread-permitting of course. Does anyone else agree/disagree?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNews.png Size: 41 KB
  • #73
  • Aug 20, 2014 6:49am Aug 20, 2014 6:49am
Quoting Mariner7
I sat this one out - I'd seen fake-outs in the past with this news release. The perils of overthinking... But I noticed something interesting - GBPUSD did make a sharp downturn before heading north, whereas GBPJPY made a much cleaner move (see picture for details). This would imply that the Yen cross pairs are safer to trade than the US dollar pairs, spread-permitting of course. Does anyone else agree/disagree?{image}
very good finding
we definately have to keep an eye on this!

anyone trading the CAD news in 40 min.?
  • #74
  • Aug 20, 2014 7:24am Aug 20, 2014 7:24am
Quoting Jeffray
{quote} very good finding we definately have to keep an eye on this! anyone trading the CAD news in 40 min.?
I am on the CAD news in about 7 mins. Last month's move on this news was good.

Happy Trading!
  • #75
  • Aug 20, 2014 7:49am Aug 20, 2014 7:49am
for me UC and GC triggered my pendings... but there is absolutely no power behind it.
floating around now at -5 pip each
  • #76
  • Aug 20, 2014 8:04am Aug 20, 2014 8:04am
Sell stop 6pips away for USDCAD and CADJPY 1min before the result. Manually close it after result out without triggering it.
  • #77
  • Edited 8:53am Aug 20, 2014 8:14am | Edited 8:53am
patients paid off...

GC +5

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD 20.08.14.PNG Size: 23 KB


USDCAD still running at minus 4 atm

EDIT:
closed USDCAD for 2.4 pip

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 20.08.14.PNG Size: 21 KB
  • #78
  • Aug 20, 2014 8:34am Aug 20, 2014 8:34am
For me there were no pendings direct opened so I closed all my pendings after two minutes. Better safe than sorry.

Later today I will give it another try at the FOMC Meeting Minutes.
  • #79
  • Aug 20, 2014 8:40am Aug 20, 2014 8:40am
Quoting frietzak
I've just spoken with the customer support of IC Markets and they said that the live environment is the same as the demo environment. On the demo they copy the situations as they happen live. Anyway, I believe you rather than the customer support. Is there perhaps a possibility to compare the trades both on the demo and live? At the moment I only trade demo, so I can not compare it myself. Here are my results of 20-08-2014 GBP RED News. {image} {image} {image} {image}
The spread may be the same but you cannot simulate slippage, it depends on where your order sits in the queue. I wouldn't even bother demo trading a news and/or scalping scalping system, you will be lulled into a false sense of security. Just open a live account and trade 0.01 lots instead.
  • #80
  • Aug 20, 2014 8:48am Aug 20, 2014 8:48am
You will never get slippage on demo.
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