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News trading discussion - continuation

  • #2,621
  • May 4, 2016 8:22am May 4, 2016 8:22am
Please am not used to EA,tell me your settings on the wheelbarrel ea,I attached it to my chart, saw a smiley face,but didn't see any line on my chart
I know no single trade can make me or break me
  • #2,622
  • May 4, 2016 8:24am May 4, 2016 8:24am
Quoting bigpip
Please am not used to EA,tell me your settings on the wheelbarrel ea,I attached it to my chart, saw a smiley face,but didn't see any line on my chart
it is work when your trade go to the profit ( spread + trailing pips ) then it is started to trail your profit . try it on demo
  • #2,623
  • May 4, 2016 8:28am May 4, 2016 8:28am
Quoting mohsen210007
{quote} it is work when your trade go to the profit ( spread + trailing pips ) then it is started to trail your profit . try it on demo
Thanks,again the 40 on the settings,must the profit be up to 40 before the line appears on the chart
I know no single trade can make me or break me
  • #2,624
  • May 4, 2016 8:34am May 4, 2016 8:34am
Quoting bigpip
{quote} Thanks,again the 40 on the settings,must the profit be up to 40 before the line appears on the chart
yes 40 means 4 pips for 5 digits brokers and it must be 4 for 4 didit brokers
  • #2,625
  • May 4, 2016 9:04am May 4, 2016 9:04am
ISM Non-Manufacturing PMI USDJPY
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  • #2,626
  • May 4, 2016 9:05am May 4, 2016 9:05am
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Only the price on the chart can show the entrance to the deal...
  • #2,627
  • May 4, 2016 9:13am May 4, 2016 9:13am
Quoting mohsen210007
{quote} was it a beautiful entrance ? i got wrong position, i saw SELL position on EURUSD ! and Failed what is your idea ?
How could you go to a sale?
Here you just have to buy.
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Only the price on the chart can show the entrance to the deal...
  • #2,628
  • May 4, 2016 9:21am May 4, 2016 9:21am
Quoting vvFish
{quote} How could you go to a sale? Here you just have to buy. {image}
But last candle was decending . 6 pips in 4 seconds !
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  • #2,629
  • May 4, 2016 9:34am May 4, 2016 9:34am
and again in oil
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  • #2,630
  • May 4, 2016 10:00am May 4, 2016 10:00am
At 9:30 pm EDT Australia will release Retail Sales.

Thursday
11:30
05/05/16
GB Activity Index in service sector GOOD
(GB Services PMI), England, GBPUSD
Average reaction when trigger 30.00 points in the first minute after the release.
15% probability trades.

Thursday
17:30
05/05/16
US Natural Gas Reserves
(US Natural Gas Storage), the United States, #NG
Average reaction when trigger 60.00 points in the first minute after the release.
25% probability trades.
Only the price on the chart can show the entrance to the deal...
  • #2,631
  • May 4, 2016 8:36pm May 4, 2016 8:36pm
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Only the price on the chart can show the entrance to the deal...
  • #2,632
  • May 4, 2016 8:50pm May 4, 2016 8:50pm
Quoting mohsen210007
{quote} yes 40 means 4 pips for 5 digits brokers and it must be 4 for 4 didit brokers
Thanks a lot
I know no single trade can make me or break me
  • #2,633
  • May 4, 2016 8:53pm May 4, 2016 8:53pm
Quoting vvFish
{image}{image}
Nice trade,how were you able to enter both trades on time
I know no single trade can make me or break me
  • #2,634
  • May 4, 2016 9:00pm May 4, 2016 9:00pm
Quoting bigpip
{quote} Nice trade,how were you able to enter both trades on time
In one click
Attached Image
Only the price on the chart can show the entrance to the deal...
  • #2,635
  • May 4, 2016 9:12pm May 4, 2016 9:12pm
Hi vvFish, do you take action after seeing the news data result (on ForexFactory website), so you're more confident to buy or sell? or take action based on price action, no need to take a look at the data result?
  • #2,636
  • May 4, 2016 9:23pm May 4, 2016 9:23pm
Quoting caisd
Hi vvFish, do you take action after seeing the news data result (on ForexFactory website), so you're more confident to buy or sell? or take action based on price action, no need to take a look at the data result?
look at the time of the transaction and you'll understand everything.
Only the price on the chart can show the entrance to the deal...
  • #2,637
  • May 4, 2016 9:30pm May 4, 2016 9:30pm
vvFish, are you using any hedging in the event that a trade goes bad or are you manually exiting? Seems that margin is a issue to hedge. And using a stop loss doesn't work either. So I assume manual exit on the rare case of a loss? That is my approach this far. but I could see using an ea to hedge if one has a enough margin Thanks!
  • #2,638
  • May 4, 2016 9:35pm May 4, 2016 9:35pm
Quoting vvFish
{quote} look at the time of the transaction and you'll understand everything.
Thanks. I might understand now. for example, the last trade was done at 6:29:53 and the news data was out at 4:30.
  • #2,639
  • May 4, 2016 9:52pm May 4, 2016 9:52pm
Quoting nonlinear
vvFish, are you using any hedging in the event that a trade goes bad or are you manually exiting? Seems that margin is a issue to hedge. And using a stop loss doesn't work either. So I assume manual exit on the rare case of a loss? That is my approach this far. but I could see using an ea to hedge if one has a enough margin Thanks!
I look at the situation.
Or close loss and return loss or outstay scalping trade (within reason).
Only the price on the chart can show the entrance to the deal...
  • #2,640
  • May 4, 2016 9:56pm May 4, 2016 9:56pm
Quoting caisd
{quote} Thanks. I might understand now. for example, the last trade was done at 6:29:53 and the news data was out at 4:30.
4:29:53 different brokers have different times on the chart (6:29:53)
Only the price on the chart can show the entrance to the deal...
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