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AnaRS__
08-31-2006, 12:47 PM
I've been trading just news events for the last two months at a mini account and I'm prepared to begin a thread here so I may have a wonderful spot to put a log and so I can take advantage of the community's mind power and trading knowledge to fill in any gaps I've in my egy.

Oh this original post is not all that forthcoming, I'm home from work to get a quick bite to eat and I figure I better start the thread or I never will.

I did take one trade this morning on the US news jumble at 8:30am ET before I headed out to the workplace.

USD/JPY: brief 117.10 (8:02am ET), TP 116.94 16

Hope everyone did well, particularly the wonderful HUGE reversal once I left for work.

Mike

Mioxra72
08-18-2023, 08:19 PM
I place my limit buy on the GBP/USD at 1.9032, using a stop at 9060 (directly above the local high at 7:55am ET) along with my TP at 1.900. I'm a little confused...

BUY LIMIT? How can you place a buy @ 1.9032 using a Take Profit of 1.9000? Did you mean that a SHORT? Or did you get confused with involving your SL/TP?

AnaRS__
08-18-2023, 09:40 PM
Good Grab Mrmikal!! I supposed Limit Sell....Mate I need a weekend.

Mike

recre_90
08-18-2023, 11:01 PM
Usually I steer clear of big news days but something Merlin said made me re-think.
I thought rather than trying to guess UP or DOWN - just how far to straddle - where to put stops - etc, I chose to let it do its thing then (and I quote) fade that shit....
Set my 1st buy limit at 1.9025 as well as the 2nd in 1.8965 and the rest is history.
With practice I might even get to enjoy this....
I realised that I tried to figure where the market would reach, instead of waiting and tracking it back up. It worked this time, maybe next time....
Peter
https://www.cliqforex.com/attachments/1528503559.jpg

AnaRS__
08-19-2023, 12:21 AM
Peter I am a huge fan of the fade, I just need to figure out the way to get it done while I am sitting at the office. That I why I go for short trades on the first direction.

Congrats on the HUGE evening for you!!

Mike

recre_90
08-19-2023, 01:42 AM
Peter I'm a huge fan of this fade, I simply need to figure out how to get it done while I'm sitting in the workplace. That I go for short trades on the direction.

Congrats on the HUGE day for you!!

Mike I'm not embarrassed to admit I was sitting on a cable -40 odd pip commerce before today. Went in extended 1.9055 on the 30th and been thinking shall I shut, shall I hold?
That is the trouble with being a newbie, things always look clear 20 seconds after you've pulled the trigger.
So I had a good long look at this until I moved , and had a clear insight into what I had been attempting to realize. I'll still count myself as lucky this time, but at least I learnt another way of trading the news, while it's bad or good, time will tell. It just sounded more logical after I had recognized what had been sayin - I can not understand why more people do not do it. Maybe it's that the 10 -20 pip fast trade habits they have gotten into.
Still, who am I to judge anybody https://www.cliqforex.com/attachments/1528503561.png
Due
Peter

pabloglwzf
08-19-2023, 03:03 AM
It went really good with me since I seized 71 pips euro long and 73 pips euro short.
So total:71 73= 144( a comprehensive fibl achieved todayhttps://www.cliqforex.com/attachments/1528503561.png )

I will post charts in my journal.

vicdock
08-19-2023, 04:24 AM
It went really good with me since I seized 71 pips euro long and 73 pips euro short.
So total:71 73= 144( a comprehensive fibl attained todayhttps://www.cliqforex.com/attachments/1528503561.png )

I will post charts in my personal journal.


kolachi congrats!

I had a long in euro$ befor news based on nudging. But my s/l wasn't far down to accomidate the motion.

I'm usually screwed if I do not get the first leadership right. If I do get it right I have a modest 20-30 pips just incase of change.

I was nearly going to have a short after retrace but did not have a close other side of 8 ema to give me the short signal and sat it out.

News appears to do nothing but make me mad and obscure my wave count on low 1 hr time frame.

I hope to find something consistant for news transactions. Sounds like you got a great one with your payoff method.

Dave

xXpATmXx
08-19-2023, 05:45 AM
It went very good with me as I seized 71 pips euro long and 73 pips euro short.
So total:71 73= 144( a complete fibl achieved todayhttps://www.cliqforex.com/attachments/1528503561.png )

I will post charts in my personal journal.


kolachi Beautiful. I captured half that over the NFP and ISM. I'm somewhat more conservative in my news trades though... https://www.cliqforex.com/attachments/1528503561.png

virr.exc
08-19-2023, 07:05 AM
It was an interesting reversal wasn't it! I'm from Sydney, Australia. So occupation numbers come out at 10:30PM Sydney time. After the Euro information was a tiny flat I decided to short Euro at 1.2811. Took profit after Jobs information at 1.2774 - really happy with that one https://www.cliqforex.com/attachments/1528503561.png
All the forcasts were anticipating job amounts to improve, it was just natural that I believed as soon as the numbers did show an improvement. But you don't have to stick around the commerce over the weekend, you never know... so that I exited when the trade started to re-trace a bit. Basing with this one.

Good luck everybody! Happy News Trading.
Big week next week:
1: Canada interest rate conclusion
2: BOE rate decision. Recall last time BOE hiked if no one expected they would. Should be an interesting trade!

All the best,
r

danielasamir
08-19-2023, 08:26 AM
It was an intriguing reversal was not it! I'm from Sydney, Australia. So occupation numbers come out at 10:30PM Sydney time. After the Euro data was a tiny flat I decided to short Euro at 1.2811. Took profit after Jobs data at 1.2774 - really pleased with that 1 https://www.cliqforex.com/attachments/1528503561.png
Each of the forcasts were anticipating job amounts to improve, it was just natural I thought when the numbers did show an improvement. But no need to stick round the trade over the weekend, you never know... so I exited as soon as the transaction started to re-trace a bit. Lucky on this one.

Good luck everyone! Happy News Trading.
Big week :
1: Canada interest rate conclusion
2: BOE rate choice. Recall last time BOE hiked when nobody expected they would. Should be an interesting trade!

All of the very best,
reltom Hi

I do it the old stradle, 2-3 minutes before the news set buy and sell stop orders at 15 pips away from price with 10 pips SL. This way I managed to recover losses and enter profit.
Cheers

nnausica
08-19-2023, 09:47 AM
Hi

I do it the old stradle, 2-3 minutes ahead of the news set buy and sell stop orders at 15 pips away from price with 10 pips SL. This way I managed to recoup losses and enter profit.
Cheers
Yes, the old stradle! Good method. I do something quite similar. Unfortunately for me about a couple of weeks ago I set my SL 12 pips away and as the information was being released the volatility attained my SL and I wound up buying to the wrong direction as the information favoured the EUR https://www.cliqforex.com/attachments/1528503562.png This was only one bad encounter. But, I have had a lot of success with this method too. Last time that the BOE raised rates, I used the method and absolutely cleaned up! It was great. Thank you for the reply and best of luck with your trading https://www.cliqforex.com/attachments/1528503562.png

AnaRS__
08-19-2023, 11:08 AM
You gotta love NFP, it never fails to disappoint. I've a little guessing game with myself about what the jobs number will print , and I was searching for 117K not bad to be a only off by 11K, much better than ADP.

On to the trades:
I only overly 1 now, again the day job:
I set my limitation buy to the GBP/USD in 1.9032, with a stop in 9060 (right above the regional high at 7:55am ET) and my TP in 1.900.

This is the reason I did that: what I do is look for on the 5 min chart, a close below the 14WMA and I look for the 240EMA and the 50EMA for direction in the market. Basically the 240 50 were sitting right on top of each other which means to me the guys which are trading the greater time frames have been in agreement in their assessment of price. I also look at the 14CCI, it was at intense and we had divergence in the previous two neighborhood highes. When the news candle could not close over the 14WMA I got up and went and got ready for work and by the time I came back that the transaction was shut.

This weekend I'll try and figure out my new screen capture program and post some charts.

Hopey'all got some good pips now!

Oh, one final thing, I have noticed and I want to do a bit more research on this but nationwide holidays in either the UK or the US produce some wonderful uni-directional moves. As weeks UK vaion showed. Hope to see some of you.

Have a Fantastic weekend,

Mike