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| 10.4 A Complete System https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1481 |
Page 679 of 745 |
| Author: | mjws00 [ Tue Sep 17, 2013 6:58 pm ] |
| Post subject: | Re: 10.4 A Complete System |
Here is the link to 10.6 http://www.stevehopwoodforex.com/phpBB3 ... 070#p75070 |
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| Author: | nanningbob [ Tue Sep 17, 2013 10:49 pm ] |
| Post subject: | Re: 10.4 A Complete System |
Had some nice trades yesterday. See how today goes |
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| Author: | johnf [ Wed Sep 18, 2013 1:08 am ] |
| Post subject: | Re: 10.4 A Complete System |
Bob and others, do you trade cautiously with high impact news items or avoid them altogether |
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| Author: | nanningbob [ Wed Sep 18, 2013 2:09 am ] |
| Post subject: | Re: 10.4 A Complete System |
I trade everything. High Impact news like the FOMC statement today. Take a reasonable guess, like if they make a change USD will do up. Place a pending where it will pick it up and go with the flow. This is where xxx.00 lines become so valuable. For example if I saw this tonight I would see (red X) there is a xxx.00 line with DP line together. I would then take a previous DP line and place my pending. If it takes I am in if not I am out. 50/50 guess. However, it has been anticipated there is going to be some change so my chances improve to maybe 60/40 a buy would work. But I wont make these decisions until before the news. |
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| Author: | nanningbob [ Wed Sep 18, 2013 2:12 am ] |
| Post subject: | Re: 10.4 A Complete System |
Here is a better pic of what I am trying to say. I will see what price action is to the xxx.00 lines before the news story and decide then but that is what I will be looking for. Which lines to trade off of. |
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| Author: | nanningbob [ Wed Sep 18, 2013 2:13 am ] |
| Post subject: | Re: 10.4 A Complete System |
Often before a news story, like a minute or two before some traders start cheating in and giving the direction it is going to go. Avoiding the gaps in the spread. |
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| Author: | FXTrucker [ Wed Sep 18, 2013 3:33 am ] |
| Post subject: | Opening Trades Ahead of the News |
My limited experience has shown me that if I am going to open a new trade before a major news event or have any open trades with stop losses set I have to be prepared mentally and also tactically for a wild ride up and then down of perhaps a 100 pips each way in less than five minutes after the news announcement . I have learned it would be wise to have very wide or no stop at all ( including no mental stop) on all open trades and to be sure your available margin can withstand at least a 100pip drawn down on every open trade (worst case scenario). Price action does settle down but the wild excursion can easily trigger pending orders and then stop them out or hit a stop loss if you have set one on your open order or panic you into closing an order a you're preplanned mental stop. The first time I got caught in one of these rides it was almost a worse scare and about as expensive as my first parachute jump. I went from calm determination to freezing terror to wonder in the time it took me to step outside plane and the static line to open my chute. |
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| Author: | nanningbob [ Wed Sep 18, 2013 3:46 am ] |
| Post subject: | Re: Opening Trades Ahead of the News |
Another way to trade them is to catch the retracements after the Euro close. Now I know that doesnt apply to the FOMC but if I see a big jump early in the USA session I will look for those 20-50 pip retracements at the EURO close or the USA close. |
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| Author: | shellsnail [ Wed Sep 18, 2013 4:08 am ] |
| Post subject: | Re: 10.4 A Complete System |
What I tend to do is to close half of all open positions related to the currency with the central bank announcement/ monetary minutes coming up exactly 24 hours before the time of the announcement. Then for the open position I will just stick to my existing trade plan. If I don't have any positions open, I will not open any 24 hours before the news announcement. |
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| Author: | nanningbob [ Wed Sep 18, 2013 7:13 am ] |
| Post subject: | Re: 10.4 A Complete System |
This indi colors your screen. What I would like it to do is the whole screen not just to the candles. I would also like it easier to change colors or more choices. I have the numbers to the colors but no easy place to enter them. Here are the color codes. # Empty4# Empty4 color token Hex(RGB) Empty4 constant R G B 11 128 AliceBlue F0 F8 FF 0xF0F8FF 240 248 255 12 115 AntiqueWhite FA EB D7 0xFAEBD7 250 235 215 7 48 Aqua 00 FF FF 0x00FFFF 0 255 255 13 92 Aquamarine 7F FF D4 0x7FFFD4 127 255 212 14 114 Beige F5 F5 DC 0xF5F5DC 245 245 220 15 110 Bisque FF E4 C4 0xFFE4C4 255 228 196 16 1 Black 00 00 00 0x000000 0 0 0 17 112 BlanchedAlmond FF EB CD 0xFFEBCD 255 235 205 18 50 Blue 00 00 FF 0x0000FF 0 0 255 19 56 BlueViolet 8A 2B E2 0x8A2BE2 138 43 226 20 22 Brown A5 2A 2A 0xA52A2A 165 42 42 21 82 BurlyWood DE B8 87 0xDEB887 222 184 135 22 36 CadetBlue 5F 9E A0 0x5F9EA0 95 158 160 23 45 Chartreuse 7F FF 00 0x7FFF00 127 255 0 24 30 Chocolate D2 69 1E 0xD2691E 210 105 30 25 75 Coral FF 7F 50 0xFF7F50 255 127 80 26 76 CornflowerBlue 64 95 ED 0x6495ED 100 149 237 27 117 Cornsilk FF F8 DC 0xFFF8DC 255 248 220 28 31 Crimson DC 14 3C 0xDC143C 220 20 60 29 12 DarkBlue 00 00 8B 0x00008B 0 0 139 30 18 DarkGoldenrod B8 86 0B 0xB8860B 184 134 11 31 77 DarkGray A9 A9 A9 0xA9A9A9 169 169 169 32 2 DarkGreen 00 64 00 0x006400 0 100 0 33 64 DarkKhaki BD B7 6B 0xBDB76B 189 183 107 34 13 DarkOliveGreen 55 6B 2F 0x556B2F 85 107 47 35 41 DarkOrange FF 8C 00 0xFF8C00 255 140 0 36 37 DarkOrchid 99 32 CC 0x9932CC 153 50 204 37 81 DarkSalmon E9 96 7A 0xE9967A 233 150 122 38 69 DarkSeaGreen 8F BC 8B 0x8FBC8B 143 188 139 39 19 DarkSlateBlue 48 3D 8B 0x483D8B 72 61 139 40 3 DarkSlateGray 2F 4F 4F 0x2F4F4F 47 79 79 41 23 DarkTurquoise 00 CE D1 0x00CED1 0 206 209 42 26 DarkViolet 94 00 D3 0x9400D3 148 0 211 43 58 DeepPink FF 14 93 0xFF1493 255 20 147 44 49 DeepSkyBlue 00 BF FF 0x00BFFF 0 191 255 45 24 DimGray 69 69 69 0x696969 105 105 105 5 60 DodgerBlue 1E 90 FF 0x1E90FF 30 144 255 46 27 FireBrick B2 22 22 0xB22222 178 34 34 47 15 ForestGreen 22 8B 22 0x228B22 34 139 34 48 107 Gainsboro DC DC DC 0xDCDCDC 220 220 220 49 43 Gold FF D7 00 0xFFD700 255 215 0 8 33 Goldenrod DA A5 20 0xDAA520 218 165 32 50 53 Gray 80 80 80 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Moccasin FF E4 B5 0xFFE4B5 255 228 181 92 104 NavajoWhite FF DE AD 0xFFDEAD 255 222 173 93 7 Navy 00 00 80 0x000080 0 0 128 133 133 None 00 00 00 C'0x00,0x00,0x00' 0 0 0 94 123 OldLace FD F5 E6 0xFDF5E6 253 245 230 95 4 Olive 80 80 00 0x808000 128 128 0 96 16 OliveDrab 6B 8E 23 0x6B8E23 107 142 35 2 42 Orange FF A5 00 0xFFA500 255 165 0 97 40 OrangeRed FF 45 00 0xFF4500 255 69 0 98 72 Orchid DA 70 D6 0xDA70D6 218 112 214 99 100 PaleGoldenrod EE E8 AA 0xEEE8AA 238 232 170 100 97 PaleGreen 98 FB 98 0x98FB98 152 251 152 101 101 PaleTurquoise AF EE EE 0xAFEEEE 175 238 238 102 74 PaleVioletRed DB 70 93 0xDB7093 219 112 147 103 116 PapayaWhip FF EF D5 0xFFEFD5 255 239 213 104 108 PeachPuff FF DA B9 0xFFDAB9 255 218 185 105 55 Peru CD 85 3F 0xCD853F 205 133 63 106 109 Pink FF C0 CB 0xFFC0CB 255 192 203 9 89 Plum DD A0 DD 0xDDA0DD 221 160 221 107 99 PowderBlue B0 E0 E6 0xB0E0E6 176 224 230 108 8 Purple 80 00 80 0x800080 128 0 128 3 52 Red FF 00 00 0xFF0000 255 0 0 109 71 RosyBrown BC 8F 8F 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