Recent content by RussellBrown

Main problem apart from slippage is when they have already factored in the news, and if the news is still bad but not a bad as the pre-news whispers, then FNG sends us the wrong way. There must be a way to solve that, or work out if the news has already been factored in?

The two figures contradicted again, caused whipsaw. I am just trying to work out what percent of all news trades whipsaw. Been trying straddle trading along with FNG lately but over 50% of them recently been whipsawing.

anyone know what the slippage was like on SmartTradeFX during NFP today?

I did a straddle as well as FNG, I had my stop 10pts away, ICM slipped me 70pts. On FNG they slipped me exactly the same. Maybe this is the same slippage you get on all brokers during NFP?

slippage I got slipped 70 points on both my stop loss on a straddle and on FNG doing todays USA Nonfarm Payroll using ICM. Be warned, they are no good for the news. Wiped out my bank yet again.

Does anyone know a place where we can read about stuff like that in advance?

I am amazed the economic calenders had them all as high impact events, when only one was. I wonder if there is a more reliable economic calendar?

All the calendars were wrong, it was the 7.1% that was really significant, which was not an option on FNG.. UK unemployment rate plunged to 7.1%, its best reading in nearly 5 years, propelling pound to fresh weekly highs above 1.6550 in morning London dealing today. The UK labor statistics were...

yes I know its important to understand these things for when it happens next time. If you come to a conclusion please let us know.

"Help me understand what happened with UK unemployment numbers." Same thing happened to me, FNG clicked sell and it should have been buy and I went in the wrong direction, wiped out half my bank, but its all a good learning experience I guess. Afterwards I studied it to try and work out what...

yes thats true, I just remembered, it was AUD news I had my last problem with, they leak it first or something

I had that problem with the last two, the spike had already got near top before it clicked. I am on vps.

they always slip me 40 points on the high impact news events, even if the news does not spike that much, as long as I only do the ones that spike more than 40 points then I am ok. I used to do less of a deviation but kept getting slippped above the spike. I might try that pepperstone razor ecn...

I was initially just doing the spike, then waiting for a retrace back to a resistance level then getting in again for the trend, but I am going to try and use the initial spike as the entry for the new trend, it should work very well based on checking previous charts and it minimizes the risk...

I think the secret to making money from this is to use the news event as the entry point for a 8-9 hour trade instead of just doing the spike alone, because NFP and that last USD/AUD never retraced but just kept going.