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Part 2 NEWS TRADING


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#101 fjordmelis

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Posted 21 June 2016 - 09:02 AM

1 ITM today

f040a165004d4dc531c904f08322b88f.png
https://gyazo.com/f0...1c904f08322b88f



#102 fjordmelis

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Posted 06 July 2016 - 08:01 AM

Hey, guys! I'm back after a small vacation.
2 ITM's today on EUR/CAD on live account :)

bc4471baa396c5d122b679fa9815c447.png


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#103 fjordmelis

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Posted 08 July 2016 - 08:14 AM

3 ITM and a half otm at the blue line. I sold at the market at the blue line, because i regretted the trade and lost about 62 % on that trade.
But the other trades i won, i hadn't seen that it was nonfarm payrolls that made the big moves because it only said so on investing.com and not Forexfactory which i normally use.
My account is slowly growing and i'm happy with 4 itm and 1 otm for this week. :)



a794f17d8ccae38c010b25368f90cab2.png


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#104 fjordmelis

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Posted 14 July 2016 - 07:03 AM

Hey! I have been a bit busy working but today i took 4 trades
3 ITM 1 OTM

https://gyazo.com/06...d0b9d1b3b476ae1
https://gyazo.com/5f...780d9151e9092bd
https://gyazo.com/13...15e7d2b6ae76a9b

 


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#105 Jinch

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Posted 14 July 2016 - 07:15 AM

Hey! I have been a bit busy working but today i took 4 trades
3 ITM 1 OTM

https://gyazo.com/06...d0b9d1b3b476ae1
https://gyazo.com/5f...780d9151e9092bd
https://gyazo.com/13...15e7d2b6ae76a9b

 

Yep there were a few GBP-related setups due to the interest rate decision. I lost out on EURUSD then won on EURUSD (30M trades), and won on EURGBP. Could have won on GBPUSD too if I'd moved fast enough and traded on that one too.

 

I'm pretty much just leaving my charts on 30M all the time now, and trading BB breaks or big price swings e.g. news with a bit of PA thrown in (usually watching for prices hitting RNs). My ITM score is 41/58 and I've added £230 to my pot with these trades to date :)


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#106 fjordmelis

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Posted 14 July 2016 - 07:33 AM

Yep there were a few GBP-related setups due to the interest rate decision. I lost out on EURUSD then won on EURUSD (30M trades), and won on EURGBP. Could have won on GBPUSD too if I'd moved fast enough and traded on that one too.

 

I'm pretty much just leaving my charts on 30M all the time now, and trading BB breaks or big price swings e.g. news with a bit of PA thrown in (usually watching for prices hitting RNs). My ITM score is 41/58 and I've added £230 to my pot with these trades to date :)

Hi Jinch, that's awesome. So do you mean that you trade BB break on m30 even if there aren't any news? :-)



#107 Jinch

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Posted 14 July 2016 - 07:42 AM

Hi Jinch, that's awesome. So do you mean that you trade BB break on m30 even if there aren't any news? :-)

Yep. I've been following that idea for about 12 days now and as mentioned I've taken 58 trades in that time. This is all during work hrs too, so there's been lots of missed opportunities e.g. the NFP news last Friday I was called away with the boss so missed multiple setups :(. Some days I've only caught one, one day I got 16!

 

I've been putting on variable stakes between £5 - £20 depending on confidence, but as of yesterday I'm going for £20 each time. My win ratio has been 70-80% or so, so I know that in theory I should be ITM on 3 out of 4 trades. Yesterday wasn't so good as I went 2/5 on EURCAD when it just sank and didn't want to stop. Lesson learnt - maybe only place one trade per candle?

 

The key is to not just jump in on a break, as you'll be well aware. Watch the candle and try and gauge when it's overstretched and might reverse. I like to have Stratman Mini charts (5M and 15M) on just to watch the candle movements in lower TFs.

 

Anyway, it seems to be working so far for me. I only use binary dot com as it lets me place a trade to the end of the 30M candle. If it gets to 10mins or less before the end of the candle I'll usually avoid the trade.


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#108 fjordmelis

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Posted 14 July 2016 - 07:51 AM

Yep. I've been following that idea for about 12 days now and as mentioned I've taken 58 trades in that time. This is all during work hrs too, so there's been lots of missed opportunities e.g. the NFP news last Friday I was called away with the boss so missed multiple setups :(. Some days I've only caught one, one day I got 16!

 

I've been putting on variable stakes between £5 - £20 depending on confidence, but as of yesterday I'm going for £20 each time. My win ratio has been 70-80% or so, so I know that in theory I should be ITM on 3 out of 4 trades. Yesterday wasn't so good as I went 2/5 on EURCAD when it just sank and didn't want to stop. Lesson learnt - maybe only place one trade per candle?

 

The key is to not just jump in on a break, as you'll be well aware. Watch the candle and try and gauge when it's overstretched and might reverse. I like to have Stratman Mini charts (5M and 15M) on just to watch the candle movements in lower TFs.

 

Anyway, it seems to be working so far for me. I only use binary dot com as it lets me place a trade to the end of the 30M candle. If it gets to 10mins or less before the end of the candle I'll usually avoid the trade.

Sounds awesome, i'm gonna give it a try.
And regarding the otm's i think 1-2 trades per candle is sufficient. 

I will try it on demo and see if i can get some itm's :)

Ps do you only take the trade when the candle touches bb 3.75?



#109 Jinch

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Posted 14 July 2016 - 08:10 AM

Sounds awesome, i'm gonna give it a try.
And regarding the otm's i think 1-2 trades per candle is sufficient. 

I will try it on demo and see if i can get some itm's :)

Ps do you only take the trade when the candle touches bb 3.75?

You'll be great at it, Fjordmelis - you've got the news trading under control so you'll do fine as you know when to enter and when not to :)

 

Re BB 3.75 - no, in fact it doesn't seem to hit 3.75 that often. I have an alert on BB (see attached) that's set to 3.0 to tell me something could happen (note the attached is a modified version which actually tells you which pair has triggered - really useful when you have multiple pairs open). Once I get the alert, I set up on binary dot com and then watch the candle on MT4 to see if it heads further out of the BB and trade if I feel happy.



#110 Jinch

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Posted 14 July 2016 - 08:10 AM

Here's the indi:

Attached Files



#111 fjordmelis

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Posted 14 July 2016 - 08:16 AM

You'll be great at it, Fjordmelis - you've got the news trading under control so you'll do fine as you know when to enter and when not to :)

 

Re BB 3.75 - no, in fact it doesn't seem to hit 3.75 that often. I have an alert on BB (see attached) that's set to 3.0 to tell me something could happen (note the attached is a modified version which actually tells you which pair has triggered - really useful when you have multiple pairs open). Once I get the alert, I set up on binary dot com and then watch the candle on MT4 to see if it heads further out of the BB and trade if I feel happy.

Thank you, i will try it! :)


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#112 Nickachino

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Posted 14 July 2016 - 08:51 AM

You'll be great at it, Fjordmelis - you've got the news trading under control so you'll do fine as you know when to enter and when not to :)

 

Re BB 3.75 - no, in fact it doesn't seem to hit 3.75 that often. I have an alert on BB (see attached) that's set to 3.0 to tell me something could happen (note the attached is a modified version which actually tells you which pair has triggered - really useful when you have multiple pairs open). Once I get the alert, I set up on binary dot com and then watch the candle on MT4 to see if it heads further out of the BB and trade if I feel happy.

I have been playing with this type of trading as well. 

 

What I have been doing is to use BB 3.5 and use 15min timeframe and expiry is at the end of that candle. I only trade if price cross the 3.5.

 

Trades are very limited but seem to be pretty accurate. Therefore I thought about using other timeframes and BB 3 maybe.

 

Still testing but good to someone else also thinks it might be worthwhile.

 

Good luck guys


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#113 Jinch

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Posted 14 July 2016 - 09:00 AM

I have been playing with this type of trading as well. 

 

What I have been doing is to use BB 3.5 and use 15min timeframe and expiry is at the end of that candle. I only trade if price cross the 3.5.

 

Trades are very limited but seem to be pretty accurate. There I thought about using other timeframes and BB 3 maybe.

 

Still testing but good to someone else also thinks it might be worthwhile.

 

Good luck guys

Good stuff Nickachino. Any idea of a win %?



#114 Nickachino

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Posted 14 July 2016 - 09:08 AM

Good stuff Nickachino. Any idea of a win %?

I need to discipline myself to only take 1 trade per candle and also not to take trades early as sometime the price comes close to the bb and then just retreats and as it goes back the bb repaints and then it looks like a trade but when price was close to bb it never crossed it. This then leads to me sometimes taking trades when price is close to bb.

 

I will maybe try to get a ITM% on only trades that crossed. Although it should be noted I only trade 06:00-15:30 UTC and also sometimes miss trades in this space.



#115 Jinch

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Posted 15 July 2016 - 05:58 AM

I need to discipline myself to only take 1 trade per candle and also not to take trades early as sometime the price comes close to the bb and then just retreats and as it goes back the bb repaints and then it looks like a trade but when price was close to bb it never crossed it. This then leads to me sometimes taking trades when price is close to bb.

 

I will maybe try to get a ITM% on only trades that crossed. Although it should be noted I only trade 06:00-15:30 UTC and also sometimes miss trades in this space.

Interesting stuff. I wonder if we should set up a new thread to stop Homero's getting clogged up?



#116 fjordmelis

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Posted 15 July 2016 - 08:41 AM

Interesting stuff. I wonder if we should set up a new thread to stop Homero's getting clogged up?

You can do that, if you want to? :-)



#117 fjordmelis

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Posted 20 July 2016 - 04:01 AM

2 otm 1 itm today
f250eac3d019b96f65c5b892a5a6dc1a.png



#118 Shahram

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Posted 13 December 2017 - 08:03 PM

There is an another way to trade the news.

 

I use 5 minutes chart with 5 minutes expiration. When the news is out and the price moves for example to the upside and breaks the Bollinger band (20 – 2.0) I go long. In the chart I have marked the entry point for EURUSD.

 

The only bad thing about this strategy is that most of the time the price goes so fast that I don’t get the chance to enter or I get higher price because of the time delay of my broker and fast price movement.

 

To minimize the risk I place an opposite trade on the last minute before expiry. For example: I went call with 100 USD and let say the pay-out percentage is 85%. My put position on the fourth minute would be 85 USD.

 

If the price expire above my put price then the profit would be 0 USD. If the price expire below my call price then I lose 15 USD. If the price expire between my call price and put price then I win 157 USD. That’s exactly what I’m hoping for.  

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