I am using IG Index with their Pro Real Time. It takes a little time to learn all its functions, but it is extremely flexible. You can pre-set your stops and targets and then enter your position with one click. You can also set stop and limit orders ...

Top movers overnight retracement

No dilkasraj. I am looking at the close of my 24 hr period GMT. As I look at the top movers at 22.15 GMT the four best candidates are EUR/NZD, CHF/JPY, EUR/JPY and EUR/AUD. I shall wait until just before midnight and confirm the top movers. They may ...

Top movers overnight retracement

Trading the gap on the JPY.

Close that gap and fade that spike

In addition to GBP pairs at 9 am, here is an example of a USD pair bouncing off the daily pivot at midday. This is USD/CHF bursting through the daily pivot and then bouncing off it after a retracement. This was worth 30 pips, and was mirrored by ...

Close that gap and fade that spike

Made 22 pips today on EUR/GBP, GBP/CHF and GBP/JPY with a scalp on the retracement of the down move. I left the GBP/USD pair alone due to both a weak GBP and a weak USD. I added to it later when the retracement continued with 45 pips for the day.

Close that gap and fade that spike

Fade that spike for 15 pips on all pairs.

Pre-news sentiment - an alternative to news straddle?

Fade that spike for loads of pips.

Pre-news sentiment - an alternative to news straddle?

I have now simplified this strategy by trading only four pairs with GBP, i.e. EUR/GBP, GBP/USD, GBP/CHF and GBP/JPY. A further simplification is to only trade the pre-news sentiment of those news releasees that have the highest potential reaction, ...

Pre-news sentiment - an alternative to news straddle?

Here is a good reason to exit trades prior to the release. Despite favourable news for GBP the spike went the wrong way. This exercise demonstrates the value of pre-news sentiment and the avoidance of risk by taking profits before the release. image

Pre-news sentiment - an alternative to news straddle?

Consensus on a strengthening GBP pre-news sentiment for the employment figures release. Took profits at 8:30 to avoid any possible retracement. However, price did continue to rise in unison. Should learn more patience. Strategy of following a ...

Pre-news sentiment - an alternative to news straddle?

Should have let it run to JPY's 50 pip target.

Pre-news sentiment - an alternative to news straddle?

GBP CPI Pre-news sentiment on 16/9/14. Henry's CSM showed a strong USD against weak GBP. EUR and CHF led the way with JPY following in the consensus. Follow the trend and enter on minor retracements. The strong move commenced at 7:45 with trades ...

Pre-news sentiment - an alternative to news straddle?

EUR releases on French and German created a bit of confusion. USD and JPY showed agreement on GBP strength from 07:00. Get out prior to release that went against the pre-news sentiment.

Pre-news sentiment - an alternative to news straddle?

GBP CPI showed a good consensus pre-new sentiment which followed through with a good spike. Take special note of the false breakout at about 7 am on all pairs, followed by an opposite breakout to the downside. This retraced to about 33 - 50% Fib and ...

Pre-news sentiment - an alternative to news straddle?

The first pair to break the 20 MA to the downside was GBP/USD at 07:15. All other pairs followed at 07:35 - 07:40. Domino cascade resulted in 30 pip move on CHF and about 10 on all others. Potential pre-news sentiment profit was therefore about 50 - ...

Pre-news sentiment - an alternative to news straddle?

Slipped up on this one. Should have gone with pre-news sentiment (ignoring the weak GBP). Taking half profit at 13:00 would have yielded good profits.

Pre-news sentiment - an alternative to news straddle?