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- Fedmayne replied May 7, 2014
Who is trading the AUD unemployment later?
- Fedmayne replied May 5, 2014
You could trade either one. The spread will probably be better on AUD/USD which could make or break the trade. The additional volatility that you might get from the Yen cross probably would not outweigh the spread you might face when it widens. ...
- Fedmayne replied May 5, 2014
Speeches can be traded the same way as the news is being traded on this thread. From what I have seen looking back through the charts at these news events is that they can often be choppy compared to the one way movement that unemployment reports ...
- Fedmayne replied May 5, 2014
Im looking to trade only the "cream of the crop" this week. I would say that the unemployment reports are always the best bets. What is nice is that we get 3 of these every month that are tradable. NFP for the USD, CAD unemployment, and AUD ...
- Fedmayne replied May 5, 2014
I think the best news to trade every month are the unemployment reports for all of the major currencies as well as central bank speeches, and FOMC events. This week that would include the CAD and AUD unemployment reports and the ECB press conference ...
- Fedmayne replied Sep 15, 2013
Perhaps you can break down the math for me. I have a demo with Oanda and went into the trading settings and adjusted the default trade size to 98% leveraged NAV exactly as Tony has done. Now, if you are trading EU and needed to have an 18 pip stop ...
- Fedmayne replied Sep 15, 2013
This is really the only area in this method of trading that I am having trouble wrapping my head around. If we always use 98% leverage NAV and have a typical SL of say 15 or 18 pips (unemployment/manufacturing PMI) and then add the spread for a ...
- Fedmayne replied Sep 11, 2013
Thank you for the quick response. I never even thought about that 1% creating an issue, although I do see how it could be a potential problem if the action starts without you on board.
- Fedmayne replied Sep 11, 2013
I can only imagine trading those digits Tony lol. I know it may already be posted somewhere but when it comes to risk do you just use 100% leveraged NAV or do you keep it fixed at a certain % of your account?
- Fedmayne replied Sep 11, 2013
I have been lurking on this forum for a while now and posting bits here and there. Im still amazed at how this really does work. Props to you as well Tony for keeping a great thread alive and breathing.
- Fedmayne replied Sep 11, 2013
Great situation for those that took the short bus.
- Fedmayne replied Sep 11, 2013
I'm following the AUD unemployment as well. Lets see what happens
- Fedmayne replied May 21, 2013
After looking through the past news announcements posted on the economic calendar at forex factory it appears as though this method is most useful on major (red) news announcements. I looked through the news for the EUR, GBP, as well as AUD, and the ...
- Fedmayne replied May 18, 2013
I just went over the the news announcements that Tony has recommended for us to see what they did in the past. Even after only looking back 1 month this looks to be very promising. I am still amazed at how simple this really is.
- Fedmayne replied May 18, 2013
This is effectively what we are doing except we are not automatically taking a stop loss. The idea that you described is essentially the same but it would mean that every trade would take an unnecessary loss. There is no reason to set up two ...
- Fedmayne replied May 18, 2013
Looking forward to the news next week Tony. This method is all that is needed. I can see why many people are questionable though because as beginning traders we always read to stay away from news if we wanted to make money when totally disregarding ...
- Fedmayne replied May 17, 2013
This is true, however, using very small stops on a 5 second chart puts the odds in our favor. A small stop loss that may get hit is acceptable if a potential win is several times larger. Using this idea from such small time frame puts us at an ...
- Fedmayne replied May 15, 2013
Those are great points. I just want to see the effect on other pairs across the board and MAYBE consider it later on.
- Fedmayne replied May 15, 2013
Anyone gonna give Prelim JPY GDP a shot?
- Fedmayne replied May 15, 2013
I also use Oanda. I setup the whole order several minutes before the trade and just watch the bid/ask. I keep the order window open and constantly adjust price and finally execute about 15 seconds before the release. I have been a long time lurker ...