UK News - Tuesday Morning

Hey Burgerking, like to play devil's advocat:

hope you are based in Europe, otherwise is it really worth getting up in the night and engage in stressful news trading for 10 pips? - unless you sbscribe to a news feed, are very sure of your move and trade multiple lots.

I am still very new to FX but find it much easier and chilled to do 10 pip anytime of the day trading Bollinger bands.

I got 15 pips with the news. Not bad for a 10 minutes of work.

not to brag or anything 39 pips..here

I Straddle and i got +25 PIP in 10 sec !

25 pips, 39 pips - that's more like it! well done.

I have yet to try straddling, so what's was your strategy in this case?
- how close to the news did you enter?
- where did you set your SL and TP?

Cheers

For me, every news have its strategy, not all news can be traded, and every news have avg. pips move, so before u enter u know when to exit

today for UK news, i straddle before then news 10sec (Stop order +10 , -10 ) I take 25pip then exit.

But sometimes you can get burned too

I decided NOT to straddle the UK CPI... I dont know why .. perhaps I chickened out

I should be more "consistent". I could have easily made 25 - 30 pips there - it was hanging around 1.8920s and my natural entry would have been 1.8900. It spiked down to 1.8865.

To all who have won, you have the ball! Win more $$$ and play better later with US PPI - I hope it kicks just as hard too!

Im not in Europe - but in Asia (Philippines). And I have the luxury of being fully awake when Euro and US news comes out (unless for FOMCs)....

this is what i posted earlier..i wonder if i should pull the same prank again.........any suggestions...<HR style="COLOR: #d1d1e1" SIZE=1> <!-- / icon and title --><!-- message -->

Ok on a serious note..market is at a critical weekly support area. I think this area is critical which will determine market direction for short term...few weeks. If you get in at a good price make sure you swing trade. Tonight will be the night for that direction to occur. I personally think market looks to rebound especially GBP, however do not get in until the report comes out. Right before the news release, if market is going up, put your finger on the 'short' button. If it is going down, put your finger on a 'buy' button on GBP. Of course, trade on the 5 minute. And I will place a stop order ahead of news....if it is going down before news release and stablizes, then I will place a stop loss to buy at say 15 pips away. Because I think it will go up after news release...and right after it reverses to go up, since my finger is on the button, I will not hestitate to let it go.......that's my plan... any suggestions??

i see 2 doji candle on the daily chart of GBP/USD at the top , so i will short right now !

u t out of your mind....short now

maxey who is your broker firm? are you trade in real account or demo account

I use GFT Broker, Live Account, and i gonna trade US News PPI, i think PPI AVG move 44 PIP !

thanks alot maxey. in news time spreads widen how many pips in gft?

!

hw u know 40 pips? research?

Never widen... Fixed Spread all the time.

am working on file since 2 month write on it news movent avg. pips ('ll upload it after fininshing it) , so as i see ""avg PIP move 44 for PPI"", maybe more or not depended on the news numbers.

masey l have few questions more can we talk in msn

GBP/USD best one to trade the news.

For news Real time numbers (30-60sec delay):
http://www.easy-forex.com/en/Forex.F...lCalendar.aspx

Sure