Signals Review (Nov. 1 to Nov. 6) +318 pips

[drjohn007]

Trading the News - Need your advice Felix

Hi Felix
you are incredible, good calls last week.
I dont trade the news yet, I am too green at this.
Currently I use Ikon royal as a broker, they are ok, but their charts dont show
ALL the action that is going on (i compare their live chart with demo account from Alpari (which I've read was not to be trusted) sometimes i get requoted when things get fast, one time i got an "invalid order". I see several hairline spikes now and then, one went 100 pips!!!


my question is, i have read countless reviews on many brokers out there, most people say that these brokers stink for trading the news.
can you recommend any broker for news trading or even regular trading, a broker that has a min dep. less than 5k. if you are not allowed to post this , you can email me at e1u5p8@gmail.com.

thanks

 

[BlueMental]

Greetings Felix.

I don't want to moan, but it is MUCH easier if you list all the days signals on one page instead of separately, because it doesn't sort them in ascending time.
Just a thought.

Also to any of you out there, the indicator available by !IN10TION at Forex TSD (The Indicator gets the news rates from Forex Factory). It is really cool. Unforunately the rate feed is delayed (only appears about 30 seconds to a minute AFTER the spike) but at least it also keeps you aware of the not important news events which sometimes (like did on Friday with CAD I think it was) do some strange and not expected spikes.

Another thing Felix, is your trigger spike software still available from the Forex Bastard days? If so I would love to get my hands on it. (I was still to new to trade news back then)

NEXT on the list.....

When is FPA going to start being a news rate server ???

And finally, what ever happened to the once per year rebate using FPA (Then ForexBastards) as my Introducing Broker?

Glad to see you are still around.

I messed up on one trade on friday and mistakenly traded in UsdCad which I thought was set on NzdUsd, but I still made about 40 pips profit. Not bad considering.

BlueMental.

 

[Perdikos]

Just a quick word to thank you for your enlighted guidance... Trading the news is so much easier with someone like you on my side.

Keep up the wonderful work!!!

 

[kocmodpom]

Separate Posts for Separate Indicators/Trades = Good!

Felix I actually do prefer your signals being emailed separately like you did this week. That makes it easy to see when the next trade is coming up without have to reread an entire post.

The signal time in the subject line is perfect.

Don't change it back to the old way of doing things.

Cosmo

 

[mechtech63]

Felix I actually do prefer your signals being emailed separately like you did this week. That makes it easy to see when the next trade is coming up without have to reread an entire post.

The signal time in the subject line is perfect.

Don't change it back to the old way of doing things.

Cosmo

I agree, this was a great idea, don't change it. I love going thru my emails and deleting the one's I don't need and keeping the ones I want to trade on.
I love the non-farm one...I nailed that one good.

 

[georgebaker]

Hey Felix,

This is really great stuff you deliver here.

But how do I know if the news comes at 4:28, 4:29 or 4:30

Can you please give some advise on how to trade these news otherwise all your work by writing these information is waste.

Thank you in advance for your reply.

 

[sopel]

there is no way to get news "on time". I was looking for some good news feed but everywhere is the same... news coming after spike.
Now im using datacenter from my broker, delay is just between 5-10 secs but it's too late Only way to catch many pips is very risky... you have to enter the market before news...or use after-spike strategies but profit is much lower.

 

[georgebaker]

there is no way to get news "on time". I was looking for some good news feed but everywhere is the same... news coming after spike.
Now im using datacenter from my broker, delay is just between 5-10 secs but it's too late Only way to catch many pips is very risky... you have to enter the market before news...or use after-spike strategies but profit is much lower.

Thank you for clearing that out. No reason to try to catch them.

Do you know where I can find good after-spike strategies?

btw. I got $848 the other day 11.05.09 12:00pm £/$ in after-spike, but it was pure luck cause the marked keept spiking up and down. Took it at the retrace two times.

 

[OLE]

Good morning

Felix, my name is Andrew and I live in Colombia do not speak English.
I tell you this information you provide is very important, it is gratifying to receive this information.

Congratulations

ANDRES

hola amigo yo soy de Venezuela si quieres me das tu email y conversamos
salu2

 

[OLE]

congratulations and a question

Hi there

This is Felix, with the review of the week.

This week, we were watching 16 economic indicators. 7 of them hit the triggers that I sent to you. Let's review them one by one...

1. Mon, Nov 2, 4:28 am (UK Manufacturing PMI) +78 pips (SUCCESS)

I wrote to you that if UK Manufacturing PMI comes out at 50.5 or higher, GBP/USD will probably move up by 40 pips or more. The higher the number, the bigger the move. Well...GBP/USD moved by +78 pips. Please see for yourself on this chart: Forex news trading currency exchange charts

2. Mon, Nov 2, 10:00 am (US ISM Manufacturing & Pending Home Sales) +54 pips (SUCCESS)

I wrote to you that if both ISM Manufacturing and Pending Home Sales both come out better than expected by a combined 2 points, USD/JPY will probably go up by 35 pips or more. Well, they did, and USD/JPY went up by +54 pips. Here is the chart: Forex news trading currency exchange charts

3. Tue, Nov 3, 19:30 (Australia Retail Sales) +80 pips (SUCCESS)

I wrote to you that if Australian retail sales comes out at 0.1% or lower, AUD/USD will probably go down by 35 pips or more in the first few minutes of the report. Well, the number came out at -0.2, and AUD/USD went down by 80 pips in the first minute of the report. Here is the chart: Forex news trading currency exchange charts

4. Wed. Nov 4, 4:28 am (UK Services PMI) +46 pips (SUCCESS)

I wrote to you that if UK Services PMI comes out at 56.5 or higher, GBP/USD will probably go up by 40 pips or more in the first 30 minutes of the report. The number came out at 56.9, and we saw GBP/USD go up by 46 pips in the first 15 minutes of the report. (Note: I made a typo on this signal, I said consensus for this report was 52.3, and the trigger was 1. The actual consensus was 55.5 for this report, which would mean a number of 56.5, and it was written on our calendar. I, mistakingly wrote consensus for Euro PMI. Sorry about this.) Here is the chart of this absolutely beautiful move:
Forex news trading currency exchange charts

5. Thu. Nov 5, 4:30 am (UK Industrial Production) (FAILURE)

I wrote to you that if Industrial Production comes out at 1.5 or better, GBP/USD will probably go up by 40 pips or more in the first 30 minutes of the report. The number came out at 1.6, and the GBP/USD shot up by 15 pips, then it went down by around 40 pips, then it went up again by around 50 pips. It was a very nasty price movement that happened within a matter of minutes. Please look at this chart and see what happened:
Forex news trading currency exchange charts

6. Thu. Nov 5, 10:00 am (Canadian Ivey PMI) (FAILURE)

I wrote to you that if Ivey PMI comes out at 61.1 or better, USD/CAD will probably go down by 40 pips or more in the first 30 minutes of the report. The number came out at 61.2, USD/CAD went down by 12 pips, and then slowly but surely recovered, and went beyond the pre-release price. Here is the chart of what happened: Forex news trading currency exchange charts

7. Fri. Nov 6, 7:00 am (Canadian Employment) +60 pips (SUCCESS)
I wrote to you that if Canadian Employment comes out at -10.3 or worse, USD/CAD will probably go up by 70 pips or more in the first 30 minutes of the report. The number came out at -43.2, and USD/CAD went up by 60 pips in the first 2 minutes of the report, and then retraced by about 30 pips, and started consolidating at that level. I am giving myself some slack here, since I said 70 pips, and it only moved by 60 pips. But the move was very clean, though much quicker than normal... Here is the chart:
Forex news trading currency exchange charts

Obviously, it's easy to calculate these pips by looking at the charts after-the-fact. And obviously, it would be completely stupid of me to expect that somebody made anything close to +318 pips. Most likely you made half of that or even less. Perhaps you even lost money. When it comes to placing trades in the real market, everything is completely different. These signals are just general expectations of what will happen, whether you can capitalize on them or not is another question. I traded these indicators for around 2 years, and I know it's not easy...in fact even with such seemingly crystal clear moves, it can be quite difficult to make money.

I did not review any after-spike suggestions, because it just gets even more complicated, because they so much depend on real price action. I know that some of those suggestions were good, and others were complete ****. And no matter how much I want them to be always good, it never will be good all the time...

Have an awesome weekend, and wait for my signals next week
-Felix

your predictions tips are amazing but i have a problem whit a question, waiting for the result of the data of the economic news the page are not updating by self so i mist 2 times the result can you tell me a other way to become the reliested numbers data of the day

thanks a lot Felix