Central Banks & Big Players

What is the point of posting this hour and a half after drop?

Your chart posts it instantly no? Isn't your chart posting it faster than me? allowing you to enter as soon as your eyes see it? right?

Why not saying at the beginning of the day, today I will SELL CAD news!? SL @? and TP@?

I understand what you mean now. Take a few minutes to read the thread. It doesn't matter whether you buy or sell. To understand this you will have to put a little time reading, if you have the patience to . In fact, the first page tells you what to do with CAD Employment change, very precisely, if you are referring to me not posting the SL and TP. It's engraved in the first page's .gif image. Have a good day.

You said TP 120 pips but on picture you close trade after 60 pips...

Mystical things exist and I've had recent proof that made me reconsider the existence of God and the evil. Ask for something purely from your mind and address your self to the infinite universe itself. You are heard. God doesn't have to be that man with the beard. The complexity of the universe fails to be explained in words. Centillion of light years separate us from other galaxies and stars. This can also not be explained in words. See https://en.wikipedia.org/wiki/Large_numbers Very Large Numbers to understand.

Also look at this:
https://en.wikipedia.org/wiki/Light-year

A light-year is It is approximately 9 trillion kilometres (or about 6 trillion miles). The cure for many disease comes from the disease. Are you looking for the answer in this infinite world of forex and hope to solve it with indicators? Will live a Centillion years to solve it? Even if you do you will not find the answer, because the answer is infinite hence it doesn't exist. All random things are controlled by the infinite possibilities of this universe and in order to live in harmony with the randomness of things, you will have to utilise randomness itself. Water filling the ocean makes it deeper. More fuel fires the flame to burn brighter and vaccines are made of the disease itself. We are babies of in this universe but we are all made out of our principal matter, the matter of the universe hence we are the universe and we are the stars. Flipping the coin is in total harmony with the infinite possibilities of this infinite universe and perfectly in harmony with the subatomic particles on the coin itself and the air surrounding it that will determine the outcome. Have I lost my mind? No, I have just exercised my brain to understand a billionth of this universe but it is enough to make me a better person today. Take notes because the thread will one day vanish and it will be too late.

I'm closing one of the most successful weeks in my life of trading with this brand new hit.

Exit excellent

I can see you are mastering this my friend. Trade only selected news with a lot of control and I'll see you on top one day as well.

wow,7years past.And you still get green pips every week!I should demo try your method

I never gave up. The fisrt years, nothing but losses and painful lessons

Borrow me a lucy coin pls!

Hi Tony and others who are trading this evolved technique. I am curious on exits for this system when a trade is in profit (profitable exits always seem to be my issue). Full TP is always good, (however defined) but for instances where price spikes and stalls, what are prudent exit criteria? After watching some trades it seems best to close immediately (e.g., a few minutes) after an initial favorable spike (e.g., when price stalls), which could be at 120, 80, or even 50 pips (who knows). Thereafter, the trade could equally lose or gain pips, it seems anyway. Thank you for the wisdom in this thread, very good read, and great trading!

I usually move the trade to be instantly and close it once the spread normalized again while manually trailing the sl once in a while. That being said I have been very conservative in the past which cost me a lot of pips. The one thing that bothers me about this strategy is that we are really depended on the broker and I am not quite sure if they really are able to hedge these positions. If they are not able to do so won't they decide one day that they will no longer support this kind of trading?

Thank you for your thoughts, I am considering using trailing stop (e.g., like 30 pips - after moving to BE) in conjunction with time expiring exits (basically guessing on how long it takes the market to digest the news - I am guessing that is somewhere between 5-10 minutes, after that one might have a 50/50 shot that price goes further up or down). But welcome others thoughts. As for brokers, as long as there is liquidity most "reputable" brokers should be fine and should welcome your trade volume. Some on here trade with large lots and leverage, there could be some issues once your trade size gets too large, but I highly doubt that affects most traders here, perhaps a select few.

I haven't found any other broker which slipped so little during mayor news announcements. And I highly doubt that there is enough liquidity this shortly after the news to always fill the sl's we put in. It's working because we use a market maker but real ecn's won't give you the same execution. Yes the spread widens drastically during nfp but a slip of < 3 pips, thats unheard of.

I agree, and have been getting negative (and positive) slippage on an ecn broker trading this technique, thus far. Might switch to a market maker, if that works, but not for now.

Pretty sure the slippage you get from an ecn will eventually errode any profits will this technique. That's the nature of an ecn, no one is wanting to fill your stop loss order at that price. Need to get a list of decent market makers and rotate them. I sometimes use a technique where I sell 50% of my positions at a certain pip take to lock in profits and then let the remaining 50% run to my larger take profit. All depending on market sentiment and the deviation