Hi,
I’m on page 9 now, hope can catch up with you guys soon.
this post in 10 02 2012…note about the 200 during news note comment :example, if its SQ, the market will target first hit of 200 on news release. if price is above the 200…traders will target long…as sentiment on how the market will react to good or bad news is impossible…
OK SO LETS SEE THEN! SEE WHAT HAPPANED TO DAY ON THE FIRST BIG NEWS OF THE DAY…LETS SEE IF THE BIG 200 DID THE JOB, HAVE I GOT YOUR ATTENTION…I WILL POST ALL THE NEWS CHARTS ON THE MAJORS…IMPRINTING RULES
aud cad USD JPY and many to follow…MMM MARKET GOES SHORT BELOW 200 MARKET GOES LONG IF ABOVE 200…MM THATS STRANGE HEHE…SO I GUESS TRADERS IN THE CITY DID NOT HAVE MUCH TIME FOR FUNDAMENTALS, THURSDAY NIGHT BAR HOPPING IN THE WEST END DONT GIVE YOU MUCH TIME FOR FUNDAMENTALS , WHEN YOU GOT A GABBING HANG OVER ON FRIDAY
usd cad note news note 200 as posted, THURSDAY NIGHT HANGOVER, FRIDAYS CHOICE,BELOW 200 IS HORT, MM THIS IS COMPLICATED
Usd chf…i am bored posting these charts…dont always work! Nothing does but 98% always works is good for anyone
so i think i made my point about the news…any questions or doubters please post with chart
You will and will be here…learning trading is emotional ups and downs , u have to stick with it or u will bounce from one trade idea to another…settle here you will be ok…takes times…putting the stuff toghther, if you can then 3 on a demo months without braking the rules then your a pro…the rule book for all market conditions i will post within a week
I had a short trade on this one yesterday, a sq entry from above the 200…it was in profit but lingered there below the 200 for many hours hitting that support without breaking down…and finally was time for bed before the big new release. I recalled what you said before, but unfortunately I was a doubter…lol…so I closed the trade. I even had my fibs showing the exact target too, measured a little diff but basically same. Woke up this morning and lo & behold…(forehead slap)…
well done sp… I could not make everyone blindly follow the 200 on news on as many currencies they can load a trade on …so today was all i needed to get some proof out there with charts…well done you did good coz u got the entry
WHY FUNDAMENTALS DO NOT MAKE THE INITIAL PULSE IN EXPECTED DIRECTION NEWS RELEASE FOR EXPECTED REPORTS (NOT BRAKING NEWS TYPHOONS THATS SOMETHING DIFF)_ NOT TALKING ABOUT THAT. BOJ MINS AND SO ON
THIS WORKS WELL ON FRIDAY AND THURSDAY NEWS. MAJOR LATE NIGHT ON THURSDAY IN THE CITY
Basically most traders are alphas, they really do not like to listern to someone elses fundamental assesment, they will go with what they see in front of them, late hangovers then a early morning start in the city after catching the tube, does not ring well with studying fundamentals with your morning coffee and blasting hangover, they are pressured to get there money in the market so they do …if they aint trading they aint making money…so they spread it out on mutliples pairs , I.E. 200 ABOVE PRICE SHORT 200 BELOW PRICE LONG…COFFEE AND HANGOVERS. SOUNDS SILLY I KNOW, I HAD TO WAIT FOR SOME CHARTS…TODAY WAS A MAJOR DAY AND ITS A FRIDAY…
I GAVE CLUES TO THIS WAY BACK IN MY THREAD…TODAY IS THE DAY…TO FINALISE NEWS TRADING IN OUR THREAD…I WILL ANSWER QUESTIONS OFFCOURSE
Read more: 301 Moved Permanently
i would like to get to trading rules and trading program soon.........................cos we pretty much covered how i trade.................but with out the rules and money managment all is useless. One cant be without the other....then we need to talk about how to prepare your mind for trading everyday, doing a check list...............Master , Following yours …No Validation and Judgement required on this …settling here.
C on that trade high idea reffered to, CAD looked a little long extended, i.e. like it needed to pullback the stops to move up…MARKET CYCLE. So we put in extra barriers…Looking at the chart, the spike to the next level daily, was aggresively repelled, hence the yellow box for entry was above the repel point.
Ok last set of charts chosen randomly…to enter a news trade i will first look at the 200 and if price is on top of it i will find a nice daily support to be on top of for long. I can be in with entry at least 10 mins before news release…sometimes i am in the day before with a barrier…
