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Central Banks & Big Players

  • #14,601
  • Edited 1:37pm Oct 28, 2015 1:12pm | Edited 1:37pm
Quoting Tony112
{image}
Currently I am trading FOMC with a very very small risk due to the nature of spiking shortly before the release. Maybe I need to adjust the sl even shorter before the event or give the trade a bit more room to breath. I am having more luck with AUD news.

What I am curious about is how the brokers react to the way we trade. Isn't news spike trading regarded as toxic order flow due to the inability of the broker to entirely hedge the position? I would not be surprised if the execution or slippage changes. I am not a long term customer of Oanda but I suppose I will be need to monitor the execution closely. Currently I haven't noticed anything critical and I do not insinuate that they act unlawful but it's an obligation to check if everything is within bounds. It's just part of the business. If anyone is also trading using Oanda I would appreciate if we can compare price feeds during news once in a while. I do log every tick using their Java api so if they ever should cheat we should figure it out quickly.
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  • #14,602
  • Oct 28, 2015 1:38pm Oct 28, 2015 1:38pm
How long huh? I received an email today and it's been a while since I answer here. How are the profits? Updated or perfected the Strategy?
Invest in creating their EAs, because one day you need one!
  • #14,603
  • Oct 28, 2015 1:45pm Oct 28, 2015 1:45pm
Quoting thiagocanuto
How long huh? I received an email today and it's been a while since I answer here. How are the profits? Updated or perfected the Strategy?
I ran a lot of statistics using historical data from past events and you can pretty much tag any news with a rr and scale your position accordingly. The actual figure might come unexpected but if you pick the correct news you are guaranteed profitability in the long run. All trades are really predictable. For me this is the best scalping strategy available.

I did a lot of trail and error trading almost all high impact news for the past 3? months using very low risk and finally settled down to roughly 3 or 4 releases a month. If they work out it's all I need.
  • #14,604
  • Oct 28, 2015 5:07pm Oct 28, 2015 5:07pm
Quoting Jure86
{quote} How do you decite to BUY or SELL? Thank you!
Also like to know. It seems a silly question, but worth a try!
Invest in creating their EAs, because one day you need one!
  • #14,605
  • Oct 29, 2015 2:17am Oct 29, 2015 2:17am
Quoting thiagocanuto
{quote} Also like to know. It seems a silly question, but worth a try!
Coin-flip!!! The best guilt-free decider in the whole universe!!! Don't put so much pressure on yourselves guys! Life is too short for that.
Invest in alarm clocks
  • #14,606
  • Oct 29, 2015 2:18am Oct 29, 2015 2:18am
Either way since we were born, it was nothing but a coin-flip all day every day since the 1st second of creation. So why not spend our lives coin-flipping.

But don't forget this ain't your average coin flying ... it's a coin with a golden face and a rusty one too. He he he will will have to close the topic soon my friends because the way to become a millionaire was simpler that many thought but it's not for everyone... I surveyed a couple of people including a female street worker about this coin-flipping thing. I told her heads gives her 100$ and tails makes her lose 5$. She didn't want to play because she said it's stupid and that tails would fall a million times. She must be a very unlucky person. He he he btw way I don't pay street workers or hookers, I just spoke to her cause I was out with friends and we were in a good mood.
Invest in alarm clocks
  • #14,607
  • Oct 29, 2015 2:28am Oct 29, 2015 2:28am
I'm guessing it's ok to leave this valuable info in the thread because i'm reassured that those who don't deserve it STILL won't be able to control themselves and use this info properly.... What do you think? should we close the thread some day. Who deserves to know this info out here?
Invest in alarm clocks
  • #14,608
  • Oct 29, 2015 2:30am Oct 29, 2015 2:30am
Quoting Kilian19
{quote} Currently I am trading FOMC with a very very small risk due to the nature of spiking shortly before the release. Maybe I need to adjust the sl even shorter before the event or give the trade a bit more room to breath. I am having more luck with AUD news. What I am curious about is how the brokers react to the way we trade. Isn't news spike trading regarded as toxic order flow due to the inability of the broker to entirely hedge the position? I would not be surprised if the execution or slippage changes. I am not a long term customer of Oanda...

Try larger SL: 18 to 22 pips
Invest in alarm clocks
  • #14,609
  • Oct 29, 2015 1:43pm Oct 29, 2015 1:43pm
Quoting Tony112
I'm guessing it's ok to leave this valuable info in the thread because i'm reassured that those who don't deserve it STILL won't be able to control themselves and use this info properly.... What do you think? should we close the thread some day. Who deserves to know this info out here?
It's not for us to decide how you proceed with the thread. I am thankful that I got reminded of this approach by you and it would be selfish to say you should take it down. People still have to invest some time to figure out what news to trade and which better not to touch.

It is pretty hard to find information about news trading and while the following paper might not directly influence the way we trade I found it educational and interesting:
http://www.relevanteconomics.com/Eco...n_6_Apr_07.pdf
  • #14,610
  • Nov 3, 2015 7:49pm Nov 3, 2015 7:49pm
Framing.
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  • #14,611
  • Nov 4, 2015 1:04am Nov 4, 2015 1:04am
Quoting Tony112
Can't go wrong with math. {image}
How is TP 120pips here?
  • #14,612
  • Nov 4, 2015 1:08am Nov 4, 2015 1:08am
Quoting SaiLyfee
Closed out today. Stay humble and enjoy life..make sure you pay it forward. {image}
And how is TP 120pips here? Do you change TP from time to time or what?
Thank you!
  • #14,613
  • Nov 4, 2015 1:19am Nov 4, 2015 1:19am
Quoting Jure86
{quote} And how is TP 120pips here? Do you change TP from time to time or what? Thank you!

Every trader is a little different to fit in with their own personal appetites of risk/reward. I'll exit trades differently sometimes, it really depends.

Only you can be comfortable with trading doing what works for you.
  • #14,614
  • Nov 4, 2015 1:23am Nov 4, 2015 1:23am
Quoting SaiLyfee
{quote} Every trader is a little different to fit in with their own personal appetites of risk/reward. I'll exit trades differently sometimes, it really depends. Only you can be comfortable with trading doing what works for you.
Thank you!
  • #14,615
  • Nov 6, 2015 6:34am Nov 6, 2015 6:34am
NFP in just under an hour to go.
  • #14,616
  • Nov 6, 2015 7:21am Nov 6, 2015 7:21am
Coin flip time?
  • #14,617
  • Nov 6, 2015 7:28am Nov 6, 2015 7:28am
Quoting dvanderlinde
Coin flip time?
Yep.

My coin said short on gbp/usd. 20/120. Good luck to us!
There are many wise people, but only a few of them are rich.
  • #14,618
  • Nov 6, 2015 7:33am Nov 6, 2015 7:33am
Nice short GBP/USD

I went long USD/CAD
  • #14,619
  • Nov 6, 2015 7:34am Nov 6, 2015 7:34am
Sometimes I believe you can only trade nfp for 30 minutes and take the rest of the month off ....
  • #14,620
  • Nov 6, 2015 8:11am Nov 6, 2015 8:11am
I won on the NFP today on max leverage on USD/CAD the pair that has given me the most units purchase capacity, on my whole account.

The 17th of November I am celebrating my official "never going back to work". It's an official statement. Gambling seems to be a devil gone too.

Please send me positive vibes and not hate cause if you send me hate, I'll trade it
Invest in alarm clocks
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