The reason why i was a bit agressive in the post You answered on was simply that the guy i was answering to was trying to be very unfriendly and trying to put his ego up ith agressive tone. thats why my tone in the post You answered on was not so friendly. In the meantime, the post i ansared on with my previous post got deleted so its a bit out of context why i am a bit agressive there.
I have to modify my opinions on this forum too many faint,
Let rephrase some of my last post who become censured … pipmehappy report all I wrote
So turbonero .
[B]Let me repeat you last sentence The pro traders wait a day or two after the major news release to act. Noone acts on the news day except what the CoT report calls the “dump money”
[/B]
Mostly computer algorithms you answer . Who runs the computer algorithms , monkeys or pro trader companies !!!
[I]Peterma have confirmed what every up-going person know…
[/I]
[B]Strange you are agree with Peterma is complete opposite of what you self wrote…
[/B]
[B]To correct other wrong statement from you 99 % of all price movement coming from trading ,WRONG WRONG currency speculators move the market 80-90 % . …
[/B]
[I]Daily fx market is around 5,5 trillion $ about 230 billion every hour so 5 billion is average 2,1 % a hour volume . 5 billion during av day under a per mille of the daily market volum
So sellers will “ almost “ always meet buyers and opposite …even with 5 billion .
A standard retail platform you can order 1000 Sl in one click , 100 million in one click
[/I]
The big event will be on February 10 and 11th when Janet Yellen is scheduled to testify before the House Financial Services Committee. It will be quite a big market moving event and it has triggered volatility for the US dollar in the past under normal conditions. It will not be surprising if the greenback fluctuates as she makes her remarks this time around.
Risk reward ratio : risk more to get reward easier guys Thats what it works if you have edge its gonna work whatsoever And trade quality With 30 % your account
Trading Too long time frame you bring down your odds and many thing can happen
And your capital is not that much to keep that long hehe //
I don’t like news trading, I was fun some years back but now the slippage is too much and spread widening takes our entry may beyond the pending orders. So now I don’t trade news any more.
The news crashes are great you must see how far they can move
I hope this title topic doesn’t only be about news’s ,it can be around anything that help each other from different thinking of traders
Recently i have high percentage of winning
Not a crazy1000 % !!!
But 5 to 20% a day !
I think trading on the back of economic news is equally as valid as trading on technical because unlike technical which is analysis based entirely on past events and trends macroeconomic news is happening now and has an actual affect on economies and the foreign exchange markets for instance the ECB might announce further QE next week which will inevitable depreciate the Euro
I think news trading is so important to trade forex successfully. With new you can take idea how to market moving and how are the matter of world working?