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  • #14,081
  • Mar 5, 2015 6:31am Mar 5, 2015 6:31am
...
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  • #14,082
  • Mar 5, 2015 10:27pm Mar 5, 2015 10:27pm
Inserted Video
Trade at your own risk.
  • #14,083
  • Edited Mar 6, 2015 12:10am Mar 5, 2015 11:58pm | Edited Mar 6, 2015 12:10am
Quoting tylerbose
pardon my ignorance, but if you open an order before the news @ 0.5 pip spread for example and 18 pip SL and your SL is hit during the news while the spread was 12 pip. does that mean you lost 30 pip ?!


Good question, the answer is: no.
Here is your detailed loss:

-0.5 pip instant loss for payment of spread
-5.75 pip instant loss for spread widening / complex calculation: (12.0 - 0.5) divided by 2
-----------------
total: -6.25 pips (result of original spread + widening)

If you hit your SL of 18.0 pips, it means the price travelled 11.75 pips against you (-6.25 pips spread loss -11.75 pips price travel)

nevertheless leaving you with a max 18.0 pip loss.

If your loss exceeded 18.0 pips which was originally set to the broker, your broker SLIPPED your order because: IT'S a bad broker!


to keep it simple, if you put an 18 SL, you should lose: 18 pips!!! No matter the spread. It was ordered max -18! right?

hope it helps
Invest in alarm clocks
  • #14,084
  • Mar 6, 2015 12:26am Mar 6, 2015 12:26am
Nice post above there Tony, exactly right the broker should honor your orders
I'll be trading the US Non-Farm Payrolls later on tonight, best of luck to everybody taking part in trading it also
  • #14,085
  • Mar 6, 2015 12:28am Mar 6, 2015 12:28am
Quoting SaiLyfee
Nice post above there Tony, exactly right the broker should honor your orders I'll be trading the US Non-Farm Payrolls later on tonight, best of luck to everybody taking part in trading it also

get ready
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Invest in alarm clocks
  • #14,086
  • Mar 6, 2015 12:30am Mar 6, 2015 12:30am
Quoting Tony112
{quote} Good question, the answer is: no. Here is your detailed loss: -0.5 pip instant loss for payment of spread -5.75 pip instant loss for spread widening / complex calculation: (12.0 - 0.5) divided by 2 ----------------- total: -6.25 pips (result of original spread + widening) If you hit your SL of 18.0 pips, it means the price travelled 11.75 pips against you (-6.25 pips spread loss -11.75 pips price travel) nevertheless leaving you with a max 18.0 pip loss. If your loss exceeded 18.0 pips which was originally set to the broker, your broker...
Bro,what if pair goes against your trade 20pip 5 sec before news? Do you remember crazy volatility 5-15 sec before nfp on USD/JPY?
  • #14,087
  • Mar 6, 2015 12:30am Mar 6, 2015 12:30am
Good luck for someone new in forex and the pic above. RIP.
Invest in alarm clocks
  • #14,088
  • Mar 6, 2015 12:31am Mar 6, 2015 12:31am
Quoting Naokia980
{quote} Bro,what if pair goes against your trade 20pip 5 sec before news? Do you remember crazy volatility 5-15 sec before nfp on USD/JPY?
How to deal with that: win some lose some. Admit it: one day it will go +20 for you BEFORE NEWS.
Invest in alarm clocks
  • #14,089
  • Mar 6, 2015 12:34am Mar 6, 2015 12:34am
always been mocking this non-farm term lol. i think i was like 4 y.o. old when I started mocking it
Invest in alarm clocks
  • #14,090
  • Mar 6, 2015 12:36am Mar 6, 2015 12:36am
Guys I have 2 words for ya: set. alarms.
Invest in alarm clocks
  • #14,091
  • Mar 6, 2015 12:38am Mar 6, 2015 12:38am
Quoting Fx3423454
http://youtu.be/-Rf_8HcHYrM
lol epic fail
Invest in alarm clocks
  • #14,092
  • Mar 6, 2015 12:40am Mar 6, 2015 12:40am
Quoting Tony112
{quote} get ready {image}
You the man
  • #14,093
  • Mar 6, 2015 12:48am Mar 6, 2015 12:48am
Quoting Tony112
{quote} How to deal with that: win some lose some. Admit it: one day it will go +20 for you BEFORE NEWS.
  • #14,094
  • Mar 6, 2015 12:49am Mar 6, 2015 12:49am
Hey Tony,

Your technique is great!

Do you use any other trading method apart from trading news?
Pure Price Action Trading
  • #14,095
  • Mar 6, 2015 3:20am Mar 6, 2015 3:20am
Hi Team,

I am new here. Can you please help me to understand where to start.
  • #14,096
  • Mar 6, 2015 5:15am Mar 6, 2015 5:15am
It's. On!
Invest in alarm clocks
  • #14,097
  • Mar 6, 2015 5:16am Mar 6, 2015 5:16am
Quoting ramkirshnava
Hi Team, I am new here. Can you please help me to understand where to start.
Page 1 and so on. Read read read, and come back with us here!
Invest in alarm clocks
  • #14,098
  • Mar 6, 2015 5:36am Mar 6, 2015 5:36am
Havent posted in a while but I'm still here Hope some of you caught this one

NFP is one I shall always trade

Cheers
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  • #14,099
  • Mar 6, 2015 5:36am Mar 6, 2015 5:36am
wait for it, lol
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Invest in alarm clocks
  • #14,100
  • Mar 6, 2015 5:44am Mar 6, 2015 5:44am
On MT4 GBPUSD,

Trade open SHORT 40 seconds before news, SL 20 pips.

Hit my SL and went down. Great.

No pinbar on EURUSD
Pure Price Action Trading
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