Tim's £500 marathon. Goal £1 million

Nice work so far Tim. I might be a jerk sometimes but so far it looks like you know what you are doing. Keep it up!

Ok. Share your competences.

Im not here to SHARE, im here to SHOW.

I dont think you are a jerk Robert , As I said before, I appreciate your criticism and feedback. I use it to reflect back on my trades. Thank you

ITim _isoara
i'm talking with another Tim ...sorry

I talking with you. Share your competences.Come on, don't be shy.

are you the Tim The Trader'brother or sister mother or papy?
why you are so blaming?

One question Tim: Do you use arbitrage EA, typical EA or trade manually?

what is the point of having an explorer other than to show off, vain purposes, or trying to sell a managing service? Like seriously? I dont know

So you don't have competences to share?

Keep up the good work bro, though nothing impressive yet. But I hope to see you reach the 50k mark, because that range is where the fun part begin, and also the region, which your profit increment will slow down by at least 50% speed, or possibly seeing an account crash. Mind vs Balance or Target. Gogogo!! Good luck!

have you a hobbyhorse in your brain with these compenteces..?
ahhhh i understood!!
you are the defensive tim the trader' lawyer!!
How much is his salary for you?

he is here to show no to explain

Before he could share his competences, wait to see if he'll make it to a high level.

The real deal will come with bigger money. Because its seems 1 pips is equal to 1% account, more or less. Risky, but all the best

I love risk too, risk pays off

That is the point. To show off

Sorry but I'm not here to lecture or babysit any wannabe traders. I'm not your friend. I don't have your best interest at heart

Just here to show off like you said

Green Pips

you are great!!

Greater than you

You are in the same situation like me. But because you don't have brain you don't judge.
You insist on TimTheTrader to show his competences.
How long you are troll? You have salary?

ha ha....let's see who can reach 1 million first. Fun to see someone doing instead of dreaming. Come on!

Hi everyone! After reading the whole post I was under the impression that Tim is just entering trades seconds before news announcements favoring whatever is written in FF calendar. But then AUD/USD trade tipped me off, cause expectations were for a 0.25% rate cut, but remained unchanged at 2.25%. So in this case Tim would have been caught out on the wrong side of it. So is he following fundamentals? No, i don't think so. It looks like he will try to trade as many RED news announcements as he can. But the reality is not all of them are market movers. Simply said if announcement is RED, but central bank doesn't care about it, there wont be an impact. Let's try to guess the strategy, shall we?

So far Tim had trades on the following pairs: Avg. Spread
EUR/USD 1.5
GBP/USD 1.8
AUD/USD 1.9
USD/JPY 1.7
USD/CAD 1.9

Assuming he's using FXpro broker, with fixed spread MT4 account, all pairs fall in to below 2pip spread. This is crucial for the strategy to work. I will explain this based on 4h charts and 15min prior news order placement. I'm sure you can scale it down to fit 1min. Just make sure you demo it first!

Lets take this AUD Cash Rate event from March 3rd as our reference. 20-15min before announcement open up AUD/USD cross. Then go to Insert->Indicators->Bill Williams->Fractals (For those who dont know what fractal is)

What we going to do now is place two pending orders. Buy Limit 1pip above recent high fractal, and Sell Limit 1pip below recent low fractal. Both Limits will have 10pip stop and Take Profit levels. If your broker supports the function, you could take it once step further and use one cancels the other (OCO) order. So it would look something like this:


News get released, off it goes and here's the result:



Once one of the orders get triggered just (if broker does not support OCO) cancel the other. If in the next 15min no order is triggered, cancel both of them. Worth mentioning on 1min time frame you are almost guaranteed to hit an order, and if not quick enough even both of them. That's why i think higher time frame is much more attractive.

Pros:
This can really help to grow smaller accounts.
Can be higher leveraged, hence the tight stop.
Can give you a profitable trade when there is no clear course.

Cons:
Will only work with pairs that have tight spread of 2-3pips.
Larger accounts will suffer due to slippage.

This is just my personal point of view on Tims strategy. I might be wrong. But hopefully you guys can make some pips too!