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Cad News Released 1 Min Before... !

  • #21
  • Aug 4, 2006 1:08pm Aug 4, 2006 1:08pm
Quoting trucco
actually I think too many people are starting to profit in news (to many...maybe 50% once a month..) and big fishes dont want even to let a bit of ther money during news...

The fact that canadian was released before time makes me think something is changing..not only with brokers
trucco,

PLEASE stop with the conspiracy theories already!

I suggested you go back and look at historical data for times on when Canadian news is released. You will find it is more the rule that Canada's news is seemingly released 1 or 2 minutes ahead of the scheduled release time. This happens so consistently and so often that I think whatever clock they use is 1-2 minutes ahead of US time. I don't know about your timezone but it's apparently off where you are too.

So armed with that knowledge ADJUST your trading accordingly. It's not the brokers, it's not the canadian government (this time); it's the bloody clock!!! But don't take my word for it. Go and examine the historical data as suggested earlier.
  • #22
  • Aug 4, 2006 2:12pm Aug 4, 2006 2:12pm
Quoting MoneyMa$ter
trucco,

PLEASE stop with the conspiracy theories already!

I suggested you go back and look at historical data for times on when Canadian news is released. You will find it is more the rule that Canada's news is seemingly released 1 or 2 minutes ahead of the scheduled release time. This happens so consistently and so often that I think whatever clock they use is 1-2 minutes ahead of US time. I don't know about your timezone but it's apparently off where you are too.

So armed with that knowledge ADJUST your trading accordingly. It's not the brokers, it's not the canadian government (this time); it's the bloody clock!!! But don't take my word for it. Go and examine the historical data as suggested earlier.

As a Canadian I can definitely say it ain't the clocks... we just like to be early...

later...
  • #23
  • Aug 4, 2006 2:30pm Aug 4, 2006 2:30pm
Quoting MoneyMa$ter
trucco,

PLEASE stop with the conspiracy theories already!

I suggested you go back and look at historical data for times on when Canadian news is released. You will find it is more the rule that Canada's news is seemingly released 1 or 2 minutes ahead of the scheduled release time. This happens so consistently and so often that I think whatever clock they use is 1-2 minutes ahead of US time. I don't know about your timezone but it's apparently off where you are too.

So armed with that knowledge ADJUST your trading accordingly. It's not the brokers, it's not the canadian government (this time); it's the bloody clock!!! But don't take my word for it. Go and examine the historical data as suggested earlier.
ok MM

I was just very disappointed today
  • #24
  • Aug 4, 2006 2:41pm Aug 4, 2006 2:41pm
I am a newbie, so it didn't really occur to me to prepare for NFP this morning.

But I was in usdcad buy at the time and was down about 15 pips when the "early or not" news hit. So I made up my 15 shortfall plus the 35 TP.

Just glad the news didn't take it the other direction... I would have been spanked.

Yes it was a Dmo.
  • #25
  • Aug 4, 2006 2:41pm Aug 4, 2006 2:41pm
Quoting trucco
ok MM

I was just very disappointed today
Understood.... Now we look ahead to FOMC.

But here's something for you. Someone in my office today used FXSol's demo platform while I was trading live. Guess what? FXSol's demo did not show 35 pips added to market price for buy and sell stops, but the live platform did.
That cost me an additional 25 pips above the buy stop I wanted.

Was I disappointed? No, that's just how FXSol is playing the game. I adjusted and still made money.

Now it's time to look forward to FOMC on Tuesday.
  • #26
  • Aug 4, 2006 4:30pm Aug 4, 2006 4:30pm
Quoting MoneyMa$ter
Understood.... Now we look ahead to FOMC.

But here's something for you. Someone in my office today used FXSol's demo platform while I was trading live. Guess what? FXSol's demo did not show 35 pips added to market price for buy and sell stops, but the live platform did.
That cost me an additional 25 pips above the buy stop I wanted.

Was I disappointed? No, that's just how FXSol is playing the game. I adjusted and still made money.

Now it's time to look forward to FOMC on Tuesday.
I agree, but you know , since 2 weeks i started to play hard on news.
from 5 to 8 lots per time.

yesterday i missed the boe announncemnt (manager at work was on the desk..)

today i missed the CAD because they live 1 minute before us

then my nfp was stopped out from a stop hunting which im still complaining with broker..

result: -500 $ instead of almost 10.000 in 2 today..

thats my problem

besides this, once the FOMC will say ' WE PAUSE !!!!'..what kind of effect will have from that moment news on the market ?

Everybody knows that make the same amount of money with the same risk and time you put in the news, in other way of trading is quite hard .. so ...now the hard work comes
  • #27
  • Aug 4, 2006 5:11pm Aug 4, 2006 5:11pm
Quoting trucco
I agree, but you know , since 2 weeks i started to play hard on news.
from 5 to 8 lots per time.

yesterday i missed the boe announncemnt (manager at work was on the desk..)

today i missed the CAD because they live 1 minute before us

then my nfp was stopped out from a stop hunting which im still complaining with broker..

.....
besides this, once the FOMC will say ' WE PAUSE !!!!'..what kind of effect will have from that moment news on the market ?
Note well: I hope your system is consistent and ready for those multiple lots, profit or not.

When FOMC pauses

Money still must park somewhere. One example was the "unexpected" BOE rate increase. Money is like water - it's liquid and seeking its level. Money flows. News will confirm or deny where money will flow next.

In addition, the FOMC pause will not last past February 2007, because:
(a) there is inflation in the good ole US Of A,
(b) the US government must continue funding its debt with foreign capital and
(c) the new treasury secretary is on record as saying he wants to see a stronger dollar.

Fear Not trucco, only believe.
  • #28
  • Aug 4, 2006 5:25pm Aug 4, 2006 5:25pm
Quoting MoneyMa$ter
Note well: I hope your system is consistent and ready for those multiple lots, profit or not.

When FOMC pauses

Money still must park somewhere. One example was the "unexpected" BOE rate increase. Money is like water - it's liquid and seeking its level. Money flows. News will confirm or deny where money will flow next.

In addition, the FOMC pause will not last past February 2007, because:
(a) there is inflation in the good ole US Of A,
(b) the US government must continue funding its debt with foreign capital and
(c) the new treasury secretary is on record as saying he wants to see a stronger dollar.

Fear Not trucco, only believe.
good man MM. I like your views of life

Why you pay them 25 pips and dont change broker ?

One more time my broker makes me a nice joke like today, and i will change
  • #29
  • Aug 4, 2006 7:56pm Aug 4, 2006 7:56pm
Quoting trucco
One more time my broker makes me a nice joke like today, and i will change
Who's your broker, Trucco?
  • #30
  • Aug 5, 2006 12:22am Aug 5, 2006 12:22am
Quoting s5804
Hi StockKJay,
what broker do you have? Do you really mean that there was no move before 08:30:07?

NFP started to move 08:29 on Oanda. during the 29:th minute the price in EUR/USD move approx. 20 pip up.

thx
I was not clear. The reaction to the NEWS didn't start moving until 8:30. Yes there was a run in the 29th minute, though that was good ol' gambling or reaction to leaked ##s. I have seen spikes up and down before releases before, it happened last month as well. I do believe about 15 seconds before the NFP was released last month the market had already moved about 15 pips.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #31
  • Aug 5, 2006 9:44pm Aug 5, 2006 9:44pm
well i said i'd post my results. let me assure you it is a good thing i didn't post my feelings directly after NFP time. i was red hot. ODL put me on manual after seeing me test their system by entering a 1lot order exactly when bloomberg released GDP data for US last friday. i got in before their spike and made 37 quick pips. i got out because i was just testing to see if my new automation would work and it did obviously. ODL is a pretty fast feed for anyone that is familiar. on NFP ODL completely stalls the majors. you cannot trade for 30 seconds until the market calms down. even afterwards i was unable to get execution despite my station showing me that i was executed.
regarding CAD news coming out early. this does happen and so does aussie news. they don't go by the atomic clock that the US does. the US is very sensitive with their releases. as far as information leakage i don't think that is the case either. i think brokers are pushing the market at those times to enter straddlers. all they have to do is buy 1 yard to spike the market 10 points at this thin time in the market and then sell right away to execute the straddlers on the long side and then take their stops out or at least scare them out of the market with a loss.
further thoughts on brokers. to trade news events with high volume we must look for brokers that run very high volume as well. check your broker to see what the maximum order is per click. if it is 100 lots or less you need to find a new broker. ask them specifically about news times and see what you can execute. dukascopy has quoted me that they will execute 100 lots at news and 1000 lots at normal conditions with one click. saxo bank will do 10-20 lots straight through at news as well. i'm hearing of people doing 15 lots at oanda straight through as well. my next step is to go to a bank with deep deep liquidity. a primary broker for the fed bank. that is the next step. i'll let you guys know how it goes.
  • #32
  • Aug 6, 2006 12:51am Aug 6, 2006 12:51am
Quoting MoneyMa$ter
FXSol's demo did not show 35 pips added to market price for buy and sell stops, but the live platform did. That cost me an additional 25 pips above the buy stop I wanted.

Was I disappointed? No, that's just how FXSol is playing the game. I adjusted and still made money.
Ok, I'll bite. What was the adjustment?
  • #33
  • Aug 6, 2006 7:32am Aug 6, 2006 7:32am
Quoting jswanson
further thoughts on brokers. to trade news events with high volume we must look for brokers that run very high volume as well. .........
dukascopy has quoted me that they will execute 100 lots at news and 1000 lots at normal conditions with one click. saxo bank will do 10-20 lots straight through at news as well. i'm hearing of people doing 15 lots at oanda straight through as well. my next step is to go to a bank with deep deep liquidity. a primary broker for the fed bank. that is the next step. i'll let you guys know how it goes.
Agreed. Volume is significant.

For the record, I've traded more than 80 lots with FXSol at news. They've represented to me they have no limits. We'll see.

My trade size allows me to accept their 35 pip premium. I'm getting what I want: execution and decent profits. FXSol's gets what they want: reduced exposure during newstime. So I pay the 35 pip premium to play. Works for me.

BTW: I signed up for the 2 week demo at Reuters, but no answer. Any thoughts?
  • #34
  • Aug 6, 2006 11:13am Aug 6, 2006 11:13am
Quoting MoneyMa$ter
BTW: I signed up for the 2 week demo at Reuters, but no answer. Any thoughts?
You will find Reuters is very slow to respond. You might want to try a Bloomberg 30 day demo.
  • #35
  • Aug 6, 2006 11:18am Aug 6, 2006 11:18am
Quoting MoneyMa$ter
My trade size allows me to accept their 35 pip premium. I'm getting what I want: execution and decent profits. FXSol's gets what they want: reduced exposure during newstime. So I pay the 35 pip premium to play. Works for me.
You know, that's a very good point! I was very pissed off about the 35 pip premium myself and was looking at switching brokers, but I suppose I can afford to loose 35 pips on a 100 - 200 pip gainer and just use a bit larger lot size to make up for the 35 pip loss. Thanks for setting me straight, MM.
  • #36
  • Aug 6, 2006 11:46am Aug 6, 2006 11:46am
Quoting MoneyMa$ter
Agreed. Volume is significant.

For the record, I've traded more than 80 lots with FXSol at news. They've represented to me they have no limits. We'll see.

My trade size allows me to accept their 35 pip premium. I'm getting what I want: execution and decent profits. FXSol's gets what they want: reduced exposure during newstime. So I pay the 35 pip premium to play. Works for me.

BTW: I signed up for the 2 week demo at Reuters, but no answer. Any thoughts?
Hi MM,

Wow. Man, if you played 80 lots x time you must be rich at this time

maybe for you is not anymore important that trading the news keeps to be profitable... Am I wrong ?
  • #37
  • Aug 6, 2006 12:24pm Aug 6, 2006 12:24pm
Quoting MoneyMa$ter
Agreed. Volume is significant.

For the record, I've traded more than 80 lots with FXSol at news. They've represented to me they have no limits. We'll see.

My trade size allows me to accept their 35 pip premium. I'm getting what I want: execution and decent profits. FXSol's gets what they want: reduced exposure during newstime. So I pay the 35 pip premium to play. Works for me.

BTW: I signed up for the 2 week demo at Reuters, but no answer. Any thoughts?
If you're pushing 80 lots, I'm surprised you haven't dealt with EBS...
Mr. Trend
  • #38
  • Aug 6, 2006 1:02pm Aug 6, 2006 1:02pm
Quoting Mr Trend
If you're pushing 80 lots, I'm surprised you haven't dealt with EBS...
What's the minimum account size with EBS?
  • #39
  • Aug 7, 2006 7:59am Aug 7, 2006 7:59am
fxsol is an interesting broker. they are trying to play the big dogs' game kinda like FXDD does. they say they can fill anyone at any price but that is not true as big dog's don't spread 35 pips at news. they increase spread a couple pips. go to EBS and see what they have. they are the largest ECN in the world. deep liquidity. i don't know what the min invest is but i'm looking at going to a pro dealer. specifically cantor. they have the fastest order software available so i could be getting filled before the other guys on news.


reuters customer service sucks!!!!!!!!!!!
i use bloomberg and have subscribed due to their consistency and customer service. bloomberg will not hand out free trials anymore unless you are very serious about signing with them. they are doing more 2 week trials now as well. reuters is more like a bucket shop. they will give 30 trials all day long. but to get their 3000xtra product is not easy. you will need 3000xtra to use reuter's api.
  • #40
  • Aug 7, 2006 8:51am Aug 7, 2006 8:51am
Quoting trucco
Why you pay them 25 pips and dont change broker ?

One more time my broker makes me a nice joke like today, and i will change
It's not a joke and no you won't....

Your words betray you trucco. You see me as simply paying them 25 pips....and therein lies your problem. It's your perspective that's screwed. While I acknowledge paying the premium, I'm more focused on the profit above and beyond that 25. To me, the premium is simply the cost of doing business. But for you, it sets off all sorts of alarms and bells and whistles and ohmigosh mm why would you do that!!?!?! Worry not about me trucco, because I'm fine. Instead of asking me why I stick with a broker I think you need to examine yourself.

Compujock's got it right. Originally pissed, compujock had an epiphany of sorts and understands the profit potential. Adjust, improvise and dominate by simply taking what the defense gives you.

And for the last time trucco, breakout strategies, newstrading strategies have been around since before the foundation of the world. Books have been written about these strategies. It's been all over the internet since who knows when. So we aren't exactly revealing TOP SECRET information. I just don't need someone calling my broker asking questions regarding my successful trading practices, raising the broker's radar.

Also, millions of people aren't getting into FOREX and beginning to trade news...that's just an irresponsible statement. Yes FOREX trading has increased but everyone's not trading the news because for the most part they're being told not to and secondly they're probably trading minis and getting "screwed" (in their uninformed opinion) by the brokers.

So you'll talk trucco .... you will complain.... you will find a conspiracy between governments, brokers, bankers, etc., etc., but until you change, nothing will change.

Have a good life.
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