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Stop ordering the news

  • #21
  • Sep 6, 2016 6:56am Sep 6, 2016 6:56am
ok got short signal for USD news. 3 pending orders on the GU,EU and UJ and will move them closer to price as time gets closer - trying se if I can juggle 3 entries
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  • #22
  • Sep 6, 2016 7:03am Sep 6, 2016 7:03am
Quoting bulltrader13
ok got short signal for USD news. 3 pending orders on the GU,EU and UJ and will move them closer to price as time gets closer - trying se if I can juggle 3 entries {image}
)
Not sure what happened but only my UJ got triggered - the EU and GU just didn't go through (FFS would been even better profit)
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  • #23
  • Sep 6, 2016 7:15am Sep 6, 2016 7:15am
Quoting bulltrader13
{quote}) Not sure what happened but only my UJ got triggered - the EU and GU just didn't go through (FFS would been even better profit) {image}
Oh found out why - not enough moragin to cover 300 lots lol
  • #24
  • Sep 6, 2016 7:26am Sep 6, 2016 7:26am
Nice work!! How did you know to go short...? Insider trading? haha or did you simply stop order into both directions, which I assume you did.

I caught that as well, but I set a 20 pip tp since the last few announcements had been lack luster, just wanted to secure something, nekk minute, although USDJPY is the type of currencies that never looks back when it has its move. Plus, the daily charts suggest its going further. So great trading.

Also is your account real or a demo?
HMSR
  • #25
  • Sep 6, 2016 7:29am Sep 6, 2016 7:29am
Quoting Hmsr
Nice work!! How did you know to go short...? Insider trading? haha or did you simply stop order into both directions, which I assume you did. I caught that as well, but I set a 20 pip tp since the last few announcements had been lack luster, just wanted to secure something, nekk minute, although USDJPY is the type of currencies that never looks back when it has its move. Plus, the daily charts suggest its going further. So great trading. Also is your account real or a demo?
Thanks H. Nope working on previous price action prior to the release to determine a more likely outcome for news and there fore not needing the straddle type strat - which dramatically increases chance of big losses.

Definitely Demo if I could afford 100 lot trades I wouldn't be trading
  • #26
  • Sep 6, 2016 7:35am Sep 6, 2016 7:35am
Quoting bulltrader13
{quote} Thanks H. Nope working on previous price action prior to the release to determine a more likely outcome for news and there fore not needing the straddle type strat - which dramatically increases chance of big losses. Definitely Demo if I could afford 100 lot trades I wouldn't be trading
Good thing is if I'm wrong at least my order is not normally triggered
  • #27
  • Sep 6, 2016 3:13pm Sep 6, 2016 3:13pm
Yeah, in terms of price action, the price was either going to break or continue down, and that ISM news drove it down. I only caught a 10 pip profit cos I did not expect it to go down further than 20 pips, nor did I bother to look at the daily charts, a mistake I wont make again.
HMSR
  • #28
  • Sep 7, 2016 12:39am Sep 7, 2016 12:39am
Quoting Hmsr
Yeah, in terms of price action, the price was either going to break or continue down, and that ISM news drove it down. I only caught a 10 pip profit cos I did not expect it to go down further than 20 pips, nor did I bother to look at the daily charts, a mistake I wont make again.
Still caught those 10 pips! Do you normally have a profit target? I'm trying to hold for 1st minute and tsake some profit then close rest after min
  • #29
  • Sep 7, 2016 12:49am Sep 7, 2016 12:49am
Not really any profit targets, its just most of the time, for this articular news event, there was only a 20 pip move. so I was hoping to catch the the last 10 pips, okay I said I wouldn't put an early tp next time but I can't remember why. I think it was because of the daily trend. Was the ISM a highly important news event?
HMSR
  • #30
  • Sep 7, 2016 12:58am Sep 7, 2016 12:58am
Quoting Hmsr
Not really any profit targets, its just most of the time, for this articular news event, there was only a 20 pip move. so I was hoping to catch the the last 10 pips, okay I said I wouldn't put an early tp next time but I can't remember why. I think it was because of the daily trend. Was the ISM a highly important news event?
you been able to check out forex peace army? I notrmally follow their impact news - shows up with the bell next to it. If you click on it it goes into more detail. Also if you hit the graph next to news it pulls up the event on a chart (you can go way back to see each event on any currency pair or TF, hence why I said it ould be helpful for your) http://www.forexpeacearmy.com/forex_...Lagos&impact=5
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  • #31
  • Sep 7, 2016 1:22am Sep 7, 2016 1:22am
I have actually and been utilizing the graphs to the fullest. Ever since you suggested that I've started following haha. Speaking of the GDP Manufacturing coming up sometimes doesn't respond for until the second minute. The chances of whiplashes are low based on history, I will be trading light and hoping that for the next 5 minutes after the move, the direction continues then tp
HMSR
  • #32
  • Sep 7, 2016 1:27am Sep 7, 2016 1:27am
Got a slight short signal for news - so just the one pending order below price on GU
  • #33
  • Sep 7, 2016 1:28am Sep 7, 2016 1:28am
Quoting bulltrader13
Got a slight short signal for news - so just the one pending order below price on GU
shit almost hit my order there - thankfully got it out the way
  • #34
  • Sep 7, 2016 1:31am Sep 7, 2016 1:31am
Moved my order up with the price - should be going down
  • #35
  • Sep 7, 2016 1:31am Sep 7, 2016 1:31am
Quoting bulltrader13
Moved my order up with the price - should be going down
triggered and Im out - dammit should of held it for longer AAAAGHHHHHH
  • #36
  • Sep 7, 2016 1:33am Sep 7, 2016 1:33am
my trading is like my love life I always pull out to early - suppose to hold for 1 minute and 5
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  • #37
  • Sep 7, 2016 1:44am Sep 7, 2016 1:44am
That is the longest whip Ive seen on this news announcements, like 22 pips seriously wow. I mean if it were a huge announcement I would be okay. I didn't straddle this, i bought on the low of the 28th minute and the high of the 29th minute, felt nervous so I moved the stop losses to breakeven, and then I laughed at how fucked up the graph looked. I guess I was right in that it would continue whichever direction for 5 minutes, but I did not expect such a huge whiplash.

How did you get a sell signal do you mind if I know? Are you getting access to insider info? or do you have membership to a banking instituion?
HMSR
  • #38
  • Sep 7, 2016 1:45am Sep 7, 2016 1:45am
Quoting Hmsr
That is the longest whip Ive seen on this news announcements, like 22 pips seriously wow. I mean if it were a huge announcement I would be okay. I didn't straddle this, i bought on the low of the 28th minute and the high of the 29th minute, felt nervous so I moved the stop losses to breakeven, and then I laughed at how fucked up the graph looked. I guess I was right in that it would continue whichever direction for 5 minutes, but I did not expect such a huge whiplash. How did you get a sell signal do you mind if I know? Are you getting access to...
Ha thats what I was going to say - thats why I dont straddle any more
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  • #39
  • Sep 7, 2016 1:46am Sep 7, 2016 1:46am
Roll on the CAD news at 15:00 GMT
  • #40
  • Sep 7, 2016 1:49am Sep 7, 2016 1:49am
Quoting Hmsr
That is the longest whip Ive seen on this news announcements, like 22 pips seriously wow. I mean if it were a huge announcement I would be okay. I didn't straddle this, i bought on the low of the 28th minute and the high of the 29th minute, felt nervous so I moved the stop losses to breakeven, and then I laughed at how fucked up the graph looked. I guess I was right in that it would continue whichever direction for 5 minutes, but I did not expect such a huge whiplash. How did you get a sell signal do you mind if I know? Are you getting access to...
I watch the volume and direction leading up to the event
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