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Thread: News Trading

  1. #21

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    Quote Originally Posted by Far East Man View Post
    Thanks to JoLi, I have created my version of Excel sheet to help calculate entry levels, SL, and lot size. I'm not confident about spread sheet configuration, and there may be some mistakes in there. So please feel free to make a modification as you like. Also, I've created it on xlsx then converted it to xls. So I'm not really sure that some of the functions could work fine or not.

    There are 4 tabs.

    Long Cross is for long trades on YEN cross pairs.
    Long Major is for long trades on Major pairs.
    Short Cross is for short trades on YEN cross pairs.
    Short Major is for short trades on Major pairs.

    If your broker is not 5 digits, then adjust the decimal settings.

    Instructions:
    1. Enter the pip value of your account ($10 for standard, $1 for mini, $0.1 for micro account)
    2. Enter risk% you are comfortable with.
    3. Enter Fib levels of your choice

    Before you trade....
    4. Enter current account balance.

    Once price started retracing from the spike high/low...
    5. Enter pre-spike price
    6. Enter spike high/low
    7. For short trades only, enter the spread of the pair you trade with.
    (above input levels will automatically calculates entry prices, SL, and lot size)

    Now, place a market order or set buy/sell limit orders according to the following info.
    8. Place first entry with given lot size.
    9. Place second entry with given lot size.

    Once the price is back to the spike peak...
    10. Move your stop loss level to the break even point.
    (I'm not sure if I configured this part right or not. If wrong, then adjust it as you like)

    You can use Trade Log tab if you like, but automatic stats are available online. So this may not be needed.

    Good luck.
    Really nice excel sheet... i think i switch over to your sheet instead
    I like the posibility to enter a predefined risk and that the sheet calculates from that. Damn it's super!!!
    Regards / JoLi

  2. #22
    Member Far East Man's Avatar
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    Quote Originally Posted by jolimoney View Post
    Really nice excel sheet... i think i switch over to your sheet instead
    I like the posibility to enter a predefined risk and that the sheet calculates from that. Damn it's super!!!
    He he, you bet, bro! Glad you like it!

  3. #23

    Default US ISM Manufacturing Index

    Expected: 60.0

    My trigger will be 3.0. Meaning; If the numbers comes out either 63.0 or higher, or 57.0 or lower i will be trading.
    I will be trading USD/JPY and the initial spike usually go 30-40 pips.


    Good pip-hunting!
    Regards / JoLi

  4. #24
    Member Far East Man's Avatar
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    Hi JoLi,

    Check E/J on SpikeCharts. For all U.S. related events, when I had been seriously trading on spike, E/J had been my favorite pair to trade all the time. Second best was G/J. You might think it would be non-sense to trade on non-dollar pair, but it's no joke. E/J had been the best pair to trade on U.S. related news all the time, and I believe it still is.

    Not sure if I would trade ISM. I have just subscribed to SpikeCharts and have been checking price actions on various news events. I'm not really confident about it. I'll probably watch what you do and how you do if you can keep posting your results here.

    Good luck, JoLi,

  5. #25

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    Quote Originally Posted by Far East Man View Post
    Hi JoLi,

    Check E/J on SpikeCharts. For all U.S. related events, when I had been seriously trading on spike, E/J had been my favorite pair to trade all the time. Second best was G/J. You might think it would be non-sense to trade on non-dollar pair, but it's no joke. E/J had been the best pair to trade on U.S. related news all the time, and I believe it still is.

    Not sure if I would trade ISM. I have just subscribed to SpikeCharts and have been checking price actions on various news events. I'm not really confident about it. I'll probably watch what you do and how you do if you can keep posting your results here.

    Good luck, JoLi,
    Yes, you are correct. And in fact i tend to trade E/J on the news releases. It moves because it is so damn depending on the US.
    The reason i said USD/JPY was to not confuse people of what i said in my first post under point 2. But yes.... as long people understand why EJ moves when US is releasing numbers i would defently say E/J. G/J i have never traded on releases. Perheps it works.

    ISM is not the best mover. But i can move. My trigger is on the safe side so to speak. If my trigger get hit i most probably think we will have a move. But remember; If a trigger gets hit and no move occur that also is a "no trade" situation.
    We only trade as long as our triggers get hit and there's a move in the "right" direction.

    I will absolutly post my entries etc. If i have the time for it.

    1 hour left
    Regards / JoLi

  6. #26

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    I am using a trigger of 3.5 for this one. Realistically speaking, 15-25 pips will make me happy.

    Good luck to all

  7. #27

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    Banks are net long, could be a big one

  8. #28

    Default US ISM Manufacturing Index

    Expected: 60.0
    Actual: 60.4

    Is the price making a move: No

    Action: No Trade

    Pre-release price:
    Spike Price:

    Entry. 50% fib @:
    Entry. 76.4% fib @:
    Stop Loss (for both positions @:

    SL to B/E: Move SL to XXX if price reach spike Price.
    Last edited by jolimoney; 05-03-2010 at 16:05.
    Regards / JoLi

  9. #29

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    No trade for me :/ Trigger not hit.

  10. #30

    Default Canadian Employment

    Tomorrow it is the Canadian Employment figure. Expected to come out at 22.3. A great release to trade. In my opinion the very best release to trade. Far much better then NFP that also comes out tomorrow.

    Anyway... My triggers for the Canadian Employment will be splitted into 2 different triggers.

    First i will aim for 20 as trigger. Meaning if the figure comes out either 2.3 or 42.3 i will trade. And if this trigger gets hit i will risk 4% on my trading. Currency pair: USDCAD.

    Secondly i will use 15 as trigger. Meaning if the figure comes out either 7.3 or 37.3 i will trade. And if this trigger gets hit i will risk 2% on my trading. Currency pair: USDCAD.



    Unfortunately i can not trade the NFP for personal reasons. But don't try to get a home run at this release. Take it easy.
    A risk of 1-2% is enough. If it moves you will make good money anyway.
    Go for the EURJPY at this one. It has moved really good.

    It's hard to find any decent triggers for this one. In marsh we had a trigger diviation of ~30 and it moved 65 pips on the initial spike. At february we had a trigger ~35 and it moved around 100 pips on the initial spike.
    Looking at these numbers one could say that a trigger of 30 would be enough.

    I say divide it into 2 parts just as with the Canadian Employment. One part that goes for the 30 trigger. Risk 1%.
    One part that goes for 45 in trigger and risk 2% for that one.


    I will try to post my actions tomorrow at Canadian if there's time.

    Good luck and happy pipshunting!
    Regards / JoLi

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