Recent content by trader

Easy to catch 4 pips a day? ...How much movement do you need to catch 3 or 4 pips a day. Certainly doesn't require an announcement. Their is no trading if their is no movement in this method. You need 9 to 10 pips to catch 3 to 4 pips, due to the spread. If you think consistently catching...

Sid hanging up teaching? Good news if he does! I read his website - he NEVER said he was hanging up teaching, but it would be a boon to the forex education industry if he does, because then at least 60 people a month would save $1,000 each. Don't be silly, Jerry, Sid will never 'hang up...

News announcements every day Truble is, Jerry, there's news announcements every day, and the time specifically stated for trading are precisely news announcement times, because he said he wants momentum where the GBP/USD can move 5 or 6 pips in a second. You said you traded forex for 2...

No stop loss! Are they kidding? No stop loss? And targetting 100 pips a trade?

Scalping 1 to 2 pips at market opens?! From the reviews it seems that's what his course teaches. There's no refund possible if you find it doesn't work. And he uses 3 hourly charts to scalp the GBP/USD, for 1 pip! Spread is already 4, widened at Oanda to 6 or 7 at those times! Doesn't...

Any more details? Joe, any more details you can provide on the way you trade? Do you intend to teach?

Cannot trade the spike now Yeah! I also find that even with the SNW the spreads are widened by the brokers so much at news release times that it becomes 'No Trade' most of the time. Basically news release spike trading is fast becoming non-profitable in the longer run.

So no fight for spot forex? Much tighter spreads, transparency, no manipulation by brokers, smoother price actions(?) - almost everything seems to point to FX Futures as the preferred medium to trade the currencies, so why are most retail fx traders still going for spot forex? Reasons: 1...

No spike even on the M30 OzWizard, I see your point. My IBFX charts does not show a spike on 11 Dec 5-5:30 EST. Even the M1 chart show a bar-by-bar rise, then bar to bar fall; no "spike within seconds".

In Felix, Out SandyQuaho! Great to have Felix appear personally to clarify things! Greater to have SandyQuaho kicked out of this forum! BTW, I also choose to rent small apartments in a few cities where I fly amongst, visiting relatives and friends, enjoy life, and trade using my laptop. I...

Stop hunt A 40-pip move on a 30-min candle is hardly considered stop hunting in this case. But I have no doubt forex brokers do stop hunt all the time. Personal experience with FXCM.

Filled every time? Do you mean with FX Futures? Can you still trade the news using SNW on FX futures? On forex with SNW I see at forexdiamonds that many do not get filled on the spike.

Ways to trade other news releases What about other news releases? Have you developed profitable ways to trade them? if so, please share?

Getting filled How often are news traders still getting filled? And especially with regards to users of SNW, are you still filled often enough to make it worthwhile? Or is the loophole really closing, if not closed? Also, which broker is still news-tradeable? Is Oanda still ok?

Good stuff! I like the analysis, because as at last night, after a day trading the news, and observing the charts, I had sort of came to similar conclusions. Any more insights to share please post again, 3BlackCrows.