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Dear all,
Thanks much for sharing so much in this thread. I have a couple of questions, would greatly appreciate if anyone can help:
From the method:
1. Place a direct market buy/sell 1 Min before news - If there is not fast movement in that 1 min (eg. 1 6-pip-bar followed by 1 other bar in the same direction), does that mean we do not enter the trade at all?
2. Can we enter the trade earlier eg. 10 Min before the news if the fast movement is spotted?
3. "If price has moved during the last minute, the Stop loss must be reconfigurated" - does this mean if I have placed a buy at 1.6000 1 min before news and price has moved to 1.6225 within this minute, I must quickly set my stop loss to 18 pips below 1.6225?
4. How does one decide to buy or sell 1 min before the news?
Hi Jujube,

Let me help you with you questions.

1. We do not care about price movement before news eg if Market Maker are "building position" before news or they know where price will go. Your entry is 1 minute before news. That's all. If it jumps up and down too much and you can't survive in this river don't open position. This is an adrenaline sport.

2. Tony's method is enter 1 minute before news just to be closer to "START" point and hence make the way to "FINISH" longer AND entering in last minute let you risk only 18 pip. If you enter 10 minutes before MM can easy hit your Stop Loss. If you're going to take part in marathon do you start running from home?

3. Well, I newer saw Price moving 225 pips just before news. If it goes eg 10 pips against you then move your Stop Loss a bit lower so on exact news time your Stop Loss will be 18 pips away. You can also sit on your hands and do nothing and observe what is going on and get experience.

4. Hmm...analyse previous news and what happened to the Price after release. Don't worry. After 10-15 years and 5-7 big accounts flushed away you become specialist in this matter
Pure Price Action Trading
Quoting Monterson
Hi Jujube, Let me help you with you questions. 1. We do not care about price movement before news eg if Market Maker are "building position" before news or they know where price will go. Your entry is 1 minute before news. That's all. If it jumps up and down too much and you can't survive in this river don't open position. This is an adrenaline sport. 2. Tony's method is enter 1 minute before news just to be closer to "START" point and hence make the way to "FINISH" longer AND entering in last minute let you risk only 18 pip. If you enter 10 minutes...

Thank you Monterson
Invest in alarm clocks
Quoting Tony112
Pretty quiet week! It feels good to calm down a little bit. I guess that you can guess which 2 news we have this weeks.
Hi Tony & others, are these two news events to trade this week the following:

1) Thurs 12/03/2015: USD Unemployment claims
2) Fri 12/03/2015: CAD Unemployment claims

?

We are buying 1 or 2 minutes before news therefor for

1) USD I will be buying any USDXXX cross (that looks like the most likely way to go for me)
2) CAD I will be buying any CADXXX cross (that looks like the most likely way to go for me)
Hi dylans,

On what basis you take it either buy or sell 1 minute before? Is it something based on previous records. Or just fluke?
Quoting Tony112
{quote} Thank you Monterson
Your welcome Tony.
Pure Price Action Trading
Quoting ramkirshnava
Hi Tony, 1. Sorry, when I gone through your strategy again, realized that my understanding is wrong. As per this point we should place either BUY or SELL order. NOT BOTH. So if our analyze is wrong we will lose 18 PIPS and if we gain we will get 120 PIPS. Please confirm. Major advantage of this strategy is we can avoid slippage and extra SPREAD. Also on what basis you place BUY or SELL order. i.e., Do you analyze based on previous news event or TECHNICAL analyzes. 2. This system works only if we have 5 MINS chart.In my MT4 platform i can see only...
It'll great help if someone helps me to understand on this
Quoting HannesJoub
{quote} Hi Tony & others, are these two news events to trade this week the following: 1) Thurs 12/03/2015: USD Unemployment claims 2) Fri 12/03/2015: CAD Unemployment claims ? We are buying 1 or 2 minutes before news therefor for 1) USD I will be buying any USDXXX cross (that looks like the most likely way to go for me) 2) CAD I will be buying any CADXXX cross (that looks like the most likely way to go for me)
Tony gave us a fishing rod. Not fish.
What I suggest you is to look for previous "High Impact" news on ForexFactory Calendar AND compare them with charts. Then you will know what news are really important and how market reacted to them. This is your homework my friend. Tip: rewind few pages back and look for Tony's pictures where he marked most important ones. Then find them on calendar and chart and analize them. Simple.
Pure Price Action Trading
Quoting ramkirshnava
Hi Tony, 1. Sorry, when I gone through your strategy again, realized that my understanding is wrong. As per this point we should place either BUY or SELL order. NOT BOTH. So if our analyze is wrong we will lose 18 PIPS and if we gain we will get 120 PIPS. Please confirm. Major advantage of this strategy is we can avoid slippage and extra SPREAD. Also on what basis you place BUY or SELL order. i.e., Do you analyze based on previous news event or TECHNICAL analyzes. 2. This system works only if we have 5 MINS chart.In my MT4 platform i can see only...
1. If we are wrong we can lose 18 pips. If we are ok then we can gain pips. 60? 300? It is up to you when you want to close your order and it depends on market conditions. Sometimes goes 50 pips only. You never know.

1a. Simple idea is to jump in just before news. That's all. Some analyze previous events, some not. Up to you. Risk:Reward = 18:120 on average which means RR 1:6. Not too bad even if you do not analyze news. Notice that Tony is trading this for years and gets 90-95% winrate. It needs time to get experience.

2. The lower Timeframe the better. If you do not have 5 sec chart then 1M on MT4 and open Windows Clock (syncronized) is just fine.
Pure Price Action Trading
I found a broker with lower spreads than OANDA with ZERO slippage. They also have 1000:1 leverage available.

Inserted Video
Trade at your own risk.
Quoting Fx3423454
I found a broker with lower spreads than OANDA with ZERO slippage. They also have 1000:1 leverage available. http://youtu.be/vJ8sQLmilqk
Scam. Wll not let your withdraw money.
Quoting Monterson
Hi Jujube, Let me help you with you questions. 1. We do not care about price movement before news eg if Market Maker are "building position" before news or they know where price will go. Your entry is 1 minute before news. That's all. If it jumps up and down too much and you can't survive in this river don't open position. This is an adrenaline sport. 2. Tony's method is enter 1 minute before news just to be closer to "START" point and hence make the way to "FINISH" longer AND entering in last minute let you risk only 18 pip. If you enter 10 minutes...
Thanks for clarifying! Really appreciate the sharing! Will observe for this week!
Quoting pbylina
{quote} Scam. Wll not let your withdraw money.
Inserted Video
Trade at your own risk.
Quoting Fx3423454
I found a broker with lower spreads than OANDA with ZERO slippage. They also have 1000:1 leverage available.
seems legit, especially the 1000:1 leverage
go ahead and tell us how it goes
i lose money for a living
Quoting tylerbose
{quote} seems legit, especially the 1000:1 leverage go ahead and tell us how it goes
Nope, it's not legit at all.

Always remember... If it's too good to be true, it probably is.

If you remember this you will always be highly successful - at mediocrity.
Trade at your own risk.
Quoting Monterson
{quote} 1. If we are wrong we can lose 18 pips. If we are ok then we can gain pips. 60? 300? It is up to you when you want to close your order and it depends on market conditions. Sometimes goes 50 pips only. You never know. 1a. Simple idea is to jump in just before news. That's all. Some analyze previous events, some not. Up to you. Risk:Reward = 18:120 on average which means RR 1:6. Not too bad even if you do not analyze news. Notice that Tony is trading this for years and gets 90-95% winrate. It needs time to get experience. 2. The lower Timeframe...
Thanks a lot for your time and explaination, Monterson

I got an idea now.
Quoting jujube
{quote} Thanks for clarifying! Really appreciate the sharing! Will observe for this week!

Quoting ramkirshnava
{quote} Thanks a lot for your time and explaination, Monterson I got an idea now.

I'm glad I helped.
Pure Price Action Trading
Not much movement on the aussie. News came out as expected got stopped at BE. Il be trading Cad on Friday.
Good luck boys.
Anyone is going to trade the US news?
Usually weekly unemployment is week. I would wait for tomorrows Canada employment data.
Invest in alarm clocks
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