Best Thread Live Cable Trading
I know we've lost the boards resident news trader... but how about this for a viable strategy:-
Set orders at + - 20 of price just before big news e.g. NFP, FOMC minutes etc
In the hope of nabbing a handful of pips. Cancel the orders say 15-20 mins after news if neither have been filled. Really just trying to catch the inital spike.
Do orders get "honoured" with any degree of reliability ?
Set orders at + - 20 of price just before big news e.g. NFP, FOMC minutes etc
In the hope of nabbing a handful of pips. Cancel the orders say 15-20 mins after news if neither have been filled. Really just trying to catch the inital spike.
Do orders get "honoured" with any degree of reliability ?
dc2000 said:
1) Is that "always" the case ? And what is the size of the spike on average ?
2) If the fake spike is stopped out and the true spike reverses by more than the stop then the trade is pip positive - result =happiness ?
Anyone tried it out ??
dc2000 said:
Unfortunately DC I cannot "see" in charts the difference between consolidation and pullbacks. Always been a problem for me.... I was just thinking about what Baruch said about "free lunch"
I guess it's a balance between finding the right filter and stop pip values... like ALL strategies.
Kaffee said:
Hi again,
Yes, we got a new free nice lunch again. Always trade the news.
I am looking after a news/fundamental trading chat/website, but I have not found it yet. Obobtrader, which left us by the same reasons, said he would go to Forex Factory, but also there it is the chartists which rules... :cheesy:
Good trading!
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trendie
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Kaffee said:
got a light for my ciggy, mate ? :cheesy: :cheesy:
EDIT: on a more serious-ish note.
My Elliott Wave analysis has been proven to be rather rubbish, as my expected ABC retrace has fallen big-time.
Need to step back and re-evaluate things.
as an aside, the firt few pages of the Elliott Wave Principle starts off with acknowledgements, and one of the guys mentioned is called Bernard BARUCH.
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dc2000
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Hi Peeps
Q
was just looking for a quick scalp of the 4X
Room for another in there Kaffee, I did say 200 pip day, just had me screen upside down
I think its time for an overhaul of my comp whenever I get a java trading platform up its "no thankyou have a blue screen"
Q
was just looking for a quick scalp of the 4X
Room for another in there Kaffee, I did say 200 pip day, just had me screen upside down
I think its time for an overhaul of my comp whenever I get a java trading platform up its "no thankyou have a blue screen"
DC2000
Wadworths do make a fine brew, one I miss lots when down under! Glad to have been back in blighty for the last six months, and Christmas will include some wonderful Theakstons and 6X for me also!
Interesting that you mention the blue screen thingy! Take a look here:
http://www.trade2win.com/boards/showthread.php?t=17942
This has mysteriously stopped, over the last week or so, and I think it may be because I had to upgrade Java to version 5 in order to upgrade my TWS from IB! Don't know if it will help but might be worth a try. And don't forget that useless PC's also make very good sea anchors!!!!!!!!!!!!
Q
Edit - just realised I've been mixing my drinks!
Wadworths do make a fine brew, one I miss lots when down under! Glad to have been back in blighty for the last six months, and Christmas will include some wonderful Theakstons and 6X for me also!
Interesting that you mention the blue screen thingy! Take a look here:
http://www.trade2win.com/boards/showthread.php?t=17942
This has mysteriously stopped, over the last week or so, and I think it may be because I had to upgrade Java to version 5 in order to upgrade my TWS from IB! Don't know if it will help but might be worth a try. And don't forget that useless PC's also make very good sea anchors!!!!!!!!!!!!
Q
Edit - just realised I've been mixing my drinks!
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