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  • #13,201
  • Sep 6, 2014 12:22am Sep 6, 2014 12:22am
Quoting SaiLyfee
Good evening folks, nice to see those 0 SL's going around. I decided to be a bit more adventurous this time around and sold the SPX500 on NFP. Upon seeing the job data results I was happy but actually seeing the un-corresponding result, not so much. Economics..Fundamentals. HA. {image} Annd this is why I don't give a shit about economics or what anybody else days. The market is capable of anything at anytime and must be seen as chaotic.

This is not a manipulation, it's FED effect.

jobs report good - maybe bad for the market
jobs report bad - maybe good for the market
  • #13,202
  • Sep 6, 2014 1:17am Sep 6, 2014 1:17am
Quoting mvp77
{quote} This is not a manipulation, it's FED effect. jobs report good - maybe bad for the market jobs report bad - maybe good for the market
Yes that's true, I realise that now. I guess my point is good data shouldn't always necessarily be seen as having a good effect and vice versa.
  • #13,203
  • Sep 6, 2014 2:57am Sep 6, 2014 2:57am
Quoting SaiLyfee
Good evening folks, nice to see those 0 SL's going around. I decided to be a bit more adventurous this time around and sold the SPX500 on NFP. Upon seeing the job data results I was happy but actually seeing the un-corresponding result, not so much. Economics..Fundamentals. HA. {image} Annd this is why I don't give a shit about economics or what anybody else days. The market is capable of anything at anytime and must be seen as chaotic.
Trading is not about technicals and fundmanetals. It's all 'bout the money and ... order flows.
  • #13,204
  • Sep 6, 2014 3:21am Sep 6, 2014 3:21am
Hey Tony,

why did you sell the usd at NFP? Did you expect less jobs or any other reason ?

xpie
  • #13,205
  • Sep 6, 2014 3:13pm Sep 6, 2014 3:13pm
I also sold USD. Tony, how are you? Its been a while since i posted here, but i see that this thread have some new followers. Its good!
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  • #13,206
  • Sep 7, 2014 11:58am Sep 7, 2014 11:58am
Quoting Lukaszmiami
I also sold USD. Tony, how are you? Its been a while since i posted here, but i see that this thread have some new followers. Its good! {image} {image}
Lukasz! I'm good it's funny how life has changed since the last time we talked! (on a positive note) I hope you're fine too... I've been so busy that the posts have reduced here a bit... How's everything?
Invest in alarm clocks
  • #13,207
  • Sep 7, 2014 12:00pm Sep 7, 2014 12:00pm
Quoting xpie
Hey Tony, why did you sell the usd at NFP? Did you expect less jobs or any other reason ? xpie

I took a 10 cent Canadian coin (a dime) and threw it. The sailboat was sell the queen was buy. BTW, it's not a joke.
My SL was 16, (reajusted before news) and TP was 200. Got away with 0. Very happy. Looking forward to trade AUD employment this week.
Invest in alarm clocks
  • #13,208
  • Sep 7, 2014 12:59pm Sep 7, 2014 12:59pm
Quoting Tony112
{quote} Lukasz! I'm good it's funny how life has changed since the last time we talked! (on a positive note) I hope you're fine too... I've been so busy that the posts have reduced here a bit... How's everything?

Ok, so here we go>>>

Right now im preparing to leave my day job and start trading full time. I try to accumulate as much money i can before i do that. It is the best time for me to try, im in my middle twenties (26), have no debt, no kids, no wife.

What more can i say...life is good And one more thing, im in love with traveling. I visited Spain/Mallroca this year and i want to do it all the time.
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  • #13,209
  • Sep 7, 2014 1:48pm Sep 7, 2014 1:48pm
Quoting Tuffy
{quote} did the EA automatically move SL to BE when it was in profit? if so, then thats not too bad for a whipsaw.. EA did its job to defend your account.
It looks now the Olsen scale is removed from all the Economic Calenders. With the absence of this data, I feel like greatly handicapped for trading the news announcements. It would be appreciated, if the Scale is restored and the data is continued.

I request the members to express their feelings.

Any one can start an exclusive thread on this. ( myself being a new member, not allowed to start a new thread.)

Pandupr2
  • #13,210
  • Sep 7, 2014 2:03pm Sep 7, 2014 2:03pm
Next big news ahead of this week that we are trading( correct me if im wrong )
Sep 11 - AUD Employment change ( my sentiment - short, 18 sl 150 tp )
  • #13,211
  • Sep 7, 2014 2:07pm Sep 7, 2014 2:07pm
Quoting Lukaszmiami
{quote} Ok, so here we go>>> Right now im preparing to leave my day job and start trading full time. I try to accumulate as much money i can before i do that. It is the best time for me to try, im in my middle twenties (26), have no debt, no kids, no wife. What more can i say...life is good And one more thing, im in love with traveling. I visited Spain/Mallroca this year and i want to do it all the time. {image}
Amazing pic. Makes you wanna be free like an eagle.
You can do it. Try to trade the main news only, CAD, AUD, USA employment. Just with that you can live fine if you don't involve feelings in your trading and if you limit your losses. It has to become boring when you trade and don't over-trade! Back in the days, Grace Cheng was my motivation and model. She's a full time trader that used to travel a lot. I don't know if she still does but I remember her every month in a different country of the world doing vids about market expectations and her thoughts.
Invest in alarm clocks
  • #13,212
  • Sep 7, 2014 2:07pm Sep 7, 2014 2:07pm
Quoting jasonhaw
Next big news ahead of this week that we are trading( correct me if im wrong ) Sep 11 - AUD Employment change ( my sentiment - short, 18 sl 150 tp )

Perfect... I don't know if I'll sell or buy yet but your plan seems right. I might do 16 SL though.
Invest in alarm clocks
  • #13,213
  • Sep 7, 2014 2:15pm Sep 7, 2014 2:15pm
Patiently waiting for Wednesday. The account is gradually and steadily snowballing again. Everything's under total control. I traded both ECB Press conference and NFP with stricktly NO LOSS, no re-entries, no gambling and no emotions. I'm very happy and congratulated myself in my last meeting with myself. Yes I have a confession to make: Twice a week I meet myself in a pizzeria and evaluate my behavior. I only talk to myself internally, don't worry.
Invest in alarm clocks
  • #13,214
  • Sep 7, 2014 2:25pm Sep 7, 2014 2:25pm
Quoting Tony112
Patiently waiting for Wednesday. The account is gradually and steadily snowballing again. Everything's under total control. I traded both ECB Press conference and NFP with stricktly NO LOSS, no re-entries, no gambling and no emotions. I'm very happy and congratulated myself in my last meeting with myself. Yes I have a confession to make: Twice a week I meet myself in a pizzeria and evaluate my behavior. I only talk to myself internally, don't worry.
I tot the strategy was to only trade NFP , CAD employment change , german flash , gbp claimant and AUD employment count ? Should the strategy include ECB press conference ?

Anyway congrats on showing no emotions on trades !
  • #13,215
  • Sep 7, 2014 6:11pm Sep 7, 2014 6:11pm
Extremely important LESSON: don't let trades open during the week-end at ALL costs. With my broker, this would have been a 200 pips loss because the market moved during the hours my broker is closed. The SL would have never activated during the week-end and I would have ended up with a 200 pips loss. Don't ever ever at all cost leave trades open during the week-end. You could lose all your balance with this type of error. This is a horror. If someone left a long trade open during the week-end, they have lost everything right now. This is complete bankruptcy.. My broker opens at 5 pm local time. BTW this is an example, I didn't have a trade open. Don't ever forget that, you could go from millionaire to homeless on the street with this type of error.
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Invest in alarm clocks
  • #13,216
  • Sep 7, 2014 6:30pm Sep 7, 2014 6:30pm
With oanda, if you try to close trade during the week-end, before 17:00 Sunday NY time.... the message is: The system is halted or something similar: this tool is halted. That would have been devastating.
Invest in alarm clocks
  • #13,217
  • Sep 8, 2014 11:25am Sep 8, 2014 11:25am
Olsen Scale is missing now. Why is that? It is a very good tool and I miss it! It used to show up in the calendar under news events.

If you aren't familiar with it, it can really help in several ways.
jorgeviola
  • #13,218
  • Sep 9, 2014 5:19am Sep 9, 2014 5:19am
Yes, I also miss it.But according this thread first page you will know which news for trade.
Thanks tony for this thread.
We can not learn without pain.
  • #13,219
  • Sep 9, 2014 6:14am Sep 9, 2014 6:14am
Quoting Tony112
Extremely important LESSON: don't let trades open during the week-end at ALL costs. With my broker, this would have been a 200 pips loss because the market moved during the hours my broker is closed. The SL would have never activated during the week-end and I would have ended up with a 200 pips loss. Don't ever ever at all cost leave trades open during the week-end. You could lose all your balance with this type of error. This is a horror. If someone left a long trade open during the week-end, they have lost everything right now. This is complete...
It works both ways, bud. The trade can move 200 pips in your favour, too. I assume you're referring to the gbp's movement over this past weekend?
  • #13,220
  • Sep 9, 2014 6:38am Sep 9, 2014 6:38am
Quoting lancedes
{quote} It works both ways, bud. The trade can move 200 pips in your favour, too. I assume you're referring to the gbp's movement over this past weekend?

Yes you're right it can move either way. The problem, stop-loss is not effective when the broker is closed. The news came out at 2 hours and a half before my broker opened.
Invest in alarm clocks
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