Risk is the current dominant market force by far, and it wouldn't surprise me if the markets react in the 'opposite' direction they're supposed to almost immediately. For instance, for a good report, logic suggests positive USD...I'd bet it will be negative USD within a minute (or seconds) of...
During a Risk On period, I found it risky to go against the grain on FX trades...for instance selling the USDJPY, GY ...but, I can't count the number of times I've made hundreds of pips (per trade) on FX news trades...WHEN I WENT WITH THE RISK APPETITE. And that has worked both during Risk On...
Hi PipDog,
I hope I will be able to catch you here. Could you please look on this thread https://www.forexpeacearmy.com/forex-forum/forex-trading-signals-archive/17742-forex-signal-thursday-november-17-2011-ny-time-4-30am-edt-uk-retail-sales.html#post77421 and respond to my posts? I'm...
That's great you made some money on this trade. But you mentioned that the basic conditon of getting into risk aversion trade is to have the stocks down big at the release. I checked the history and calculated that on 17th November at the time of UK Retail Sales S&P daily change was +0.00% and...
Originally Posted by PipDog View Post
To spike trade successfully, you need follow through on the spike ...for the news to drive the spike and then drive it some more. Or get a lucky good fill. When you run into the situation that you did...and every news trader trading the spike does...you end...
OK, so this particular day all stocks were down (risk aversion) and "default" scenario was to short GU. Triggers were +/-0.6, and after data was released at +0.8 there was a short spike up, and then we could make money selling. Sounds beautiful.
But let's imagine reversed situation:
this...
Boko and PipDog,
I really appreciate your answers and will think of them and refer later, but now it is quite late in Poland, so I only share the questions that came to me today...
1. Do you know any free (or cheap) website/program from which I can take released data with maximum few seconds...
Did anyone get filled at this spike? In my case SNW clicked when BID of my broker was 1.5758, so it was before spike, even before opening of candle 9:30! (candle opened with BID 1.57604). I set very high slippage of 40 pips (just to check where I will be filled), so I could be filled up to...
Would you take advantage of this situation or is it too risky? I mean: when you see that price dives 40 pips around 10 mins before release, you know that it is a leak. So market expects data to be low, very low, so you may change triggers from -0.3/+0.3 to -0.6/0.0 or even -0.7/-0.1 and...
Can somebody explain me what happened with CPI price action here?
At the time of news FTSE, CAC were strongly down.
Asian markets closed down very much and also US markets were down yesterday.
So it is perfect risk aversion scenario.
I play gbpusd
I took aggressive triggers from previous month...
Question to all using SNW: 1. do you use Lite, Professional or Elite version?
2. Is really Multi Report Resolution so useful?
3. Is there a difference in speed of processing clicks between different versions, for example Professional clicks "slower" than Elite? Does it affect your trading profits?
I have some questions about settings in currenex platform:
1. Is it any way to default set "acceptable slippage" for limit orders? I mean such a situation: current price is 1.4450/1.4452. I want that after clicking only one time on button #1 order Buy limit 1.4462 was sent, or after single...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.