UK Trade Balance 9/11 4:30EST | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Progressive lots sizing based on account balance and tracking balance 3 replies

usa trade balance cad trade balance 6 replies

NZ Trade Balance 6:45 PM August 23, 2006 1 reply

U.S, trade balance 19 replies

UKTrade Balance 10 replies

Attachments: UK Trade Balance 9/11 4:30EST
Exit Attachments

UK Trade Balance 9/11 4:30EST

  • #21
  • Sep 10, 2006 4:32pm Sep 10, 2006 4:32pm
Quoting sccz97
you can form your own whether I'm against it or not. I never said I traded news nor have I said I don't. I just find it pathetic (not you might I add, I dont know you) when ppl ask to be spoon fed things adn then complain about brokers when they don't even understan how the market works. Ppl like bk are on the right track, continually doing analysis and I've seen even him rant on at large slippage on certain brokers. There is a reason why there is a such a large seperation between retail and pro traders and why retail traders rarely make the transition to pro (if they wanted to, that is).

Try trading in a more realistic forex mkt on an ecn and you will see how these little tricks like straddling before news will not work.

If you really want to know, I feel I'm offering some good advice to some of these ppl because if they are succesful and make a substantial amount of money off they're brokers and need to move to a proper mkt to maintian their increased volume or because they can no longer trade news with any retail broker, then they will be in for a big shock.
For what it is worth, here is what I think.

This forum is supposed to be for CONSTRUCTIVE discussion about trading, this thread happens to be about trading economic indicators. Call it what you want, but I trade with economic indicators. NOT Technical ones. How I choose to enter the market is inconsequential. It is EASY to enter the market.

What I find about the negative posts is that they just attack without giving me some alternative. I really don't need an alternative, because I can enter the market your way, my way, anybodies way. It is how I MANAGE the trade that I am in that makes all the difference.

So you negative ppl. Quit just being negative. If as you say, you are trying to help, then give us something constructive, a better way, a fresh idea, or quit wasting our time with faultfinding. Please.

Really, then, let me quote a wise man who once said "those of you think you know everything, are bothering those of us who do."

You cannot add anything by using negativity.

DC
"There is MORE Happiness in giving than receiving"
  • #22
  • Sep 10, 2006 4:43pm Sep 10, 2006 4:43pm
keep it civil, man. i'm certainly not even close to anti news and i very much want to hear everyones input. i do not think straddling can work as a long term strategy IF alot of traders do it. Who will take the other side of a trade like that? it's a problem, several brokers have handled it already (e.g. Oanda pops open spreads to protect themselves at news release times, etc.) and other brokers WILL follow similar methods IF it starts to affect their bottom line.

Therefore, I welcome everyone's input. As for me, if the Trade Balance varies from the expected result by more than .5 billion and the PPI numbers do not conflict. I look to make about 50 pips (if in a contratrend direction) and 80+pips if in alignment with trend (on the 15 and 30 minute charts). if i get a desirable entry with these numbers, i'll just go back to bed with a 30pip stop loss. If i am entered in a contratrend postion, I'll stay up until i close the trade.

happy trading
  • #23
  • Sep 10, 2006 4:46pm Sep 10, 2006 4:46pm
Quoting drcole1
For what it is worth, here is what I think.

This forum is supposed to be for CONSTRUCTIVE discussion about trading, this thread happens to be about trading economic indicators. Call it what you want, but I trade with economic indicators. NOT Technical ones. How I choose to enter the market is inconsequential. It is EASY to enter the market.

What I find about the negative posts is that they just attack without giving me some alternative. I really don't need an alternative, because I can enter the market your way, my way, anybodies way. It is how I MANAGE the trade that I am in that makes all the difference.

So you negative ppl. Quit just being negative. If as you say, you are trying to help, then give us something constructive, a better way, a fresh idea, or quit wasting our time with faultfinding. Please.

Really, then, let me quote a wise man who once said "those of you think you know everything, are bothering those of us who do."

You cannot add anything by using negativity.

DC
That was CONSTRUCTIVE... Respect
  • #24
  • Sep 10, 2006 6:18pm Sep 10, 2006 6:18pm
Hi BK,

do u know what will be the pip movement for Canada housing starts which also comes @ 8.15 EST Monday? Have u done any research based on history charts on this one?
  • #25
  • Sep 10, 2006 8:23pm Sep 10, 2006 8:23pm
Quoting ngdaniel
Can't give a prediction when the market has not moved. I need price movement for a prediction.

However, if I base it off of the EuroFX in the futures market, you can see it is bullish. At what percentage, I have no idea.

I could tell you on the Eur/Usd in the morning about a half hour before report time when the news makes an announcement of a UK entity that has moved ahead of the market.

Attached is a chart on the EuroFX.
Merlin,

I was thinking about your question earlier on a prediction. It is still true that I can't provide one yet but I just realized that tomorrow is September 11, 2006, the fifth year anniversary of the 9/11 terrorist attack. It woud seem logical that given the fears and anxiety over the possibility of something happening in the USA tomorrow that the USD would have slow growth as investors jump to foreign currencies as a safe harbor.

Opinions?
  • #26
  • Sep 10, 2006 8:48pm Sep 10, 2006 8:48pm
I can't find any chart in the link you provided burger, please tell me where i can do so.
thank you
Trading is a long and a short story.
  • #27
  • Sep 10, 2006 10:31pm Sep 10, 2006 10:31pm
Quoting drcole1
For what it is worth, here is what I think.

This forum is supposed to be for CONSTRUCTIVE discussion about trading, this thread happens to be about trading economic indicators. Call it what you want, but I trade with economic indicators. NOT Technical ones. How I choose to enter the market is inconsequential. It is EASY to enter the market.

What I find about the negative posts is that they just attack without giving me some alternative. I really don't need an alternative, because I can enter the market your way, my way, anybodies way. It is how I MANAGE the trade that I am in that makes all the difference.

So you negative ppl. Quit just being negative. If as you say, you are trying to help, then give us something constructive, a better way, a fresh idea, or quit wasting our time with faultfinding. Please.

Really, then, let me quote a wise man who once said "those of you think you know everything, are bothering those of us who do."

You cannot add anything by using negativity.

DC
ok .. I can see some of my comments have raised some tensions around here. That was and will never be my intention. Merlin made a comments on better liquidity on globex. This is no the case and so I replied as such. How this isn't constructive is beyond me. In addition, wrt to me being negative, well I've been doing this for a long time, have worked in banks as a risk manager and more recently a top 10 european hedge fund so while I by no means know everything, I think I can provide some educational information. However, it seems that my comments that (quite correctly might i add) point towards the demise of news trading on retail brokers have hit a sore point as many of you are making fairly easy money without really understanding why and how. I shall refrain from contributing to this thread and forum as many of you merely want to be be spoonfed simple strategies or simply don't like hearing that their strategy will not last
  • #28
  • Sep 10, 2006 11:15pm Sep 10, 2006 11:15pm
Quoting lglyons
Speaking of the Futures market, can you get better fills trading off the news reports than you can on the Forex side [i.e., for those who straddle]?
You want better fills get a better broker, my broker fills me in under 1 second even during news time.

You need to look for a ECN and not a market maker.
  • #29
  • Sep 10, 2006 11:24pm Sep 10, 2006 11:24pm
Quoting spinmypip
I can't find any chart in the link you provided burger, please tell me where i can do so.
thank you
You are the 2nd person to claim inability to view the pages. The link is still the same as it appeared on post #1.

http://z10.invisionfree.com/Historic_Charts

Registration over at that forum is not needed as all the pages are Read Only and Readable for Anyone.

If there is a 3rd person who could not view, then, hmm... I'll see what I can do... perhaps the webserver was down when you tried viewing it?

Quote
Canada housing starts
Will check it asap.. But I think this is a no mover. There are only a handful of CAD news and I think this is not one of them
  • #30
  • Sep 10, 2006 11:59pm Sep 10, 2006 11:59pm
Yo BurgerKing, I must say I really appreciate the charts you put on your board..

What charting program do you use?

Based on the previous numbers i think gbp is going to go up, because the previous balance was really high, so the upcoming balance should be lower, thats just my opinion though.

Appreciate the charts BK!
  • #31
  • Sep 11, 2006 12:02am Sep 11, 2006 12:02am
Quoting merlin
i dont straddle, but i know that you can get better fills in forex if you are trading mini lots. but if you are trying to move 10 lots, youll get a better fill on globex.
If you dont straddle, then how do you trade news? Hedge? Or Predicting the news?

Quote
What charting program do you use?

I used to use my live FXCM account for the charts. But since I have closed it already, I am using FXCM's demo account. The price on the Demo is the same as that of the Live Account.
  • #32
  • Sep 11, 2006 3:31am Sep 11, 2006 3:31am
That was a slow 25 pips down move. NF did now accept my Straddle once again
  • #33
  • Sep 11, 2006 3:32am Sep 11, 2006 3:32am
Time Symbol Event Message Qty. Filled
04:26:51 GBP/USD Filled Sell Short 10000 GBP/USD Stop 1.8675 Limit 1.8665 on MBTX [expiring: 12/11/2006] (10000 traded at 1.8675) 10,000
04:26:51 GBP/USD Session Open GTC session open
04:27:27 GBP/USD Cancelled Buy 10000 GBP/USD Stop 1.8712 Limit 1.8722 on MBTX [expiring: 12/11/2006] 0
04:27:27 GBP/USD Session Open GTC session open
04:30:29 GBP/USD Executed Sold Short 10000 GBP/USD at 1.8675
04:30:34 GBP/USD Cancel Cancel submitted
04:30:34 GBP/USD Order Cancelled Order successfully cancelled
04:31:38 GBP/USD Filled Buy 10000 GBP/USD @ 1.8672 Limit on MBTX [expiring: 12/11/2006] (10000 traded at 1.8672) 10,000
04:31:38 GBP/USD Session Open GTC session open
04:31:38 GBP/USD Executed Bought 10000 GBP/USD at 1.8672
  • #34
  • Sep 11, 2006 3:34am Sep 11, 2006 3:34am
Picked up 6 pips. Got out too early.
  • #35
  • Sep 11, 2006 3:36am Sep 11, 2006 3:36am
Sorry to hear that BK. I used AmazingEA 1.8 on NF using .10 lots and it did get it. I manually close it @ +10. Thought the move has no momentum to reach +20...and what happens most of the time, after manually closing the trade...seconds later it reached my originally set TP...

Anyhow, it's still a winning trade...

Quoting BurgerKing
That was a slow 25 pips down move. NF did now accept my Straddle once again
  • #36
  • Sep 11, 2006 3:36am Sep 11, 2006 3:36am
Quoting PTOURNIS
Picked up 6 pips. Got out too early.
Yea u right the spike was move little slow !
Charting Markets into the Future...MǎҖ€¥.
  • #37
  • Sep 11, 2006 3:36am Sep 11, 2006 3:36am
Quoting PTOURNIS
Picked up 6 pips. Got out too early.
No one ever went broke taking a profit. At least you have 6 pips... I took 3 and ran with it -- no regrets.
  • #38
  • Sep 11, 2006 3:36am Sep 11, 2006 3:36am
Quoting merlin
daniel, you have a prediction for this report?
I couldn't figure out which way it was going to so I played the Eur/Gbp with a buy. Got in 15 minutes early. It backtracked on me for a bit. Eur was stonger than the Gbp this morning according to Bloomberg.

Buy = 100 lots
Entry = 0.6803
SL = 0.6785
Exit = 0.6807

Profit $7,469.60

Strongest Currency This Morning = CHF
  • #39
  • Sep 11, 2006 3:37am Sep 11, 2006 3:37am
Quoting BurgerKing
That was a slow 25 pips down move. NF did now accept my Straddle once again
BK dont says you miss this trade !
Charting Markets into the Future...MǎҖ€¥.
  • #40
  • Sep 11, 2006 3:39am Sep 11, 2006 3:39am
Quoting PTOURNIS
Picked up 6 pips. Got out too early.
Haha... same here. Pick up just 4 pips. Quit early since the price is spiking so slow. Well, may be there isn't much surprise on the data. Go back to bed now. Zzzzzzzzzz
0 traders viewing now