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Which broker and what type of account you use for News Method is a Major Aspect and tbh majority retail brokers don't support News Trading. there systems can't cope with it.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
immy wrote: 14 Sep 2017, 13:23
Which broker and what type of account you use for News Method is a Major Aspect and tbh majority retail brokers don't support News Trading. there systems can't cope with it.
immy wrote: 14 Sep 2017, 12:25
How was the GU news????
The same with GJ as well
and after NEWS Cherry on M1 is doing quite well
Now lets compare this to one who traded it on Live Account.
@snorm if you please thank you
YEs please
That would be a great exp although different brokers
Ah - I've closed my chart so have lost the EA's information on slippage.
I think I had a 3 pip short slippage on my account (which will probably not happen on a demo account, hence why news trading on demo is very misleading).
GU didn't do me any favours today: -1 on the initial up-spike; had a 45pip TP and the short spike missed it by just the spread. Used ATM to move SL to BE when it spiked down, fortunately, so just the -1 instead of -2. Would have been +3 if it wasn't for spread.
immy wrote: 14 Sep 2017, 12:25
How was the GU news????
The same with GJ as well
and after NEWS Cherry on M1 is doing quite well
Now lets compare this to one who traded it on Live Account.
@snorm if you please thank you
YEs please
That would be a great exp although different brokers
Ah - I've closed my chart so have lost the EA's information on slippage.
I think I had a 3 pip short slippage on my account (which will probably not happen on a demo account, hence why news trading on demo is very misleading).
GU didn't do me any favours today: -1 on the initial up-spike; had a 45pip TP and the short spike missed it by just the spread. Used ATM to move SL to BE when it spiked down, fortunately, so just the -1 instead of -2. Would have been +3 if it wasn't for spread.
That is such a bad luck
I totally understand the difference between live and Demo interms of News
Demo, the broker fills the orders internally so no chance to have slippage... I understand that
I think if you have had it in your trading plan to include all setup 0/1/2 then its a ds1. However, if you'd like to get the Nice Stage 1 Rank then you need to complete at least 1 batch of T20 using Setup 1 only. If you complete 5 batches you get Stage II badge.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
immy wrote: 14 Sep 2017, 21:52
I think if you have had it in your trading plan to include all setup 0/1/2 then its a ds1. However, if you'd like to get the Nice Stage 1 Rank then you need to complete at least 1 batch of T20 using Setup 1 only. If you complete 5 batches you get Stage II badge.
Will change it to DS1 then
Before I start my T20s... I had another 2 methods of entries other than the SETUP
I am restricting myself to only using the setup now for Discipline purposes
I mainly take the setup based on AO first and the structure then comes the gator and dots colour
Nearly all my trades had the gator sleeping on M15... it is just the position of the purple
I will continue doing the same for now