Wednesday, June 20, 2012

6/20/2012 +28.50 (NZD gdp q/q)

In my ever increasing quest to treat news trading as a business and not a hobby i'm not going to be trading large lot sizes on trades that are questionable in my eyes. This release was questionable for several reasons. First of all it was released at a time where there's very low liquidity in the market, second nzd trades have either come early, come late or spiked early and filled me at the top. Knowing all of these things I chose to trade .5 lots which is half of my normal trading size. Didnt get a great fill but I made a little bit of money even in these conditions so im happy.(Go full screen and switch quality to 720p to see the video better)

6/20/ 2012 Federal Fund rate (Binary Option Trade)

This is a great trading opportunity. Bernanke announced some time ago that this rate wouldnt be changed until 2014 and I noticed that each release the market began moving in an up trend so trading binary options fit perfectly for this release. I decided to record this one but if you check the last 2 releases on forexpeacearmy.com or newsimpact.com you'll see that the same thing happens each time. In other words until 2014 this should be an easy win.

Wednesday, June 13, 2012

6/13/2012 example of broker manipulation

Here we have a great example of broker manipulation. As you'll see once the news comes out my platform completely freezes and doesnt start moving again for several minutes. If there was a spike and I had been triggered into this trade I wouldnt of been filled until several minutes later, or worse I would of been filled right away then not been able to close the trade until it became un frozen. Sucks either way, I had high hopes for this broker

Wednesday, June 6, 2012

6/6/2012 +$73.90 (AUD Employment Change)

First of all the last 5 minutes of the video is out of sync, my computer froze while I was recording. Now to business, I attempted 3 things with this release.
-The first was testing a straddle ea on a demo account-I used 15 as my pips away number and the market spiked down 16 pips before shooting straight up. I didnt expect this release to be that volatile, anyhow it filled me short then shot up. luckily I had a stop loss in place so the loss was limited, ill adjust pips away # next time. -The second was testing my new live account using .1 lots- This was a disaster again, I once again assumed I didnt get filled and then 30 or 40 seconds after the release and at the very tip top of the spike this broker fills me, thats 2 strikes, im done with them. luckily I only traded .1 lots for a loss of $5.60, ill be closing the account tomorrow and withdrawing $1,139 which is more than I started with so I cant complain. Ill put that money in my main account and up my lot sizes there.
-Lastly I traded my main live account with .5 lots while watching for a pre news spike. I got a bad fill but was able to pull 15 pips out of the trade for $79.50. Australian releases have been doing much better about not spiking early so I'll start trading them with normal lot sizes again. Lastly Ill continue to experiment with straddles until I get the right combination. (Go full screen and switch quality to 720p to see the video better)

Friday, June 1, 2012

6/1/2012 +$219.90 (USD Non farm payroll)

Today was a terrible trade. I was in a rush this morning so I dont have a live video but I did do a review of what actually happened, Everything that needs to be said is in the video. I'm happy to put this in the past and move on. I cant really complain tho, any day above break even is a good day. Next week is full of trading opportunities so I'll be back on the next one. Take care all. (Go full screen and switch quality to 720p to see the video better)