Friday ( December 2 ) I will make sure I have access to my High Frequency Trading Machine so I can inform you whether we are getting bad or good NFP report, what means either gold more down or up.
Those who are following me for a while now know how we traded NFP and other events, those who don't know, either study my past ideas related to HFT or just don't trade it.
P.S to people that think I am afraid to admit I am wrong, no I am not! YES on this trade I am wrong in Timing and Entry, I am too early in this trade, having a bad entry. WRONG WRONG WRONG, What's next? What else you want me to say?
Entry and Timing is wrong! Because in Metal Cruisers chat I told that gold is hard commodity since it can easy go and see unseen levels / targets.
Draw Down is a part of game.
And one more thing:
postimg.org/image/7u9bnrbrb/
Dear friend, please post an idea on gold highlighting levels 1383-1430 and a text next to it, Gold IS NOT going to these levels, and publish it. Much appreciated!
You know the saying dear, Sir, put the money where mouth is!
See you on NFP, I will update 10-5-2 mins before the NFP report whether it is LONG or SHORT.
RE-POSTED idea because seems there was a glitch with first one!
Those who are following me for a while now know how we traded NFP and other events, those who don't know, either study my past ideas related to HFT or just don't trade it.
P.S to people that think I am afraid to admit I am wrong, no I am not! YES on this trade I am wrong in Timing and Entry, I am too early in this trade, having a bad entry. WRONG WRONG WRONG, What's next? What else you want me to say?
Entry and Timing is wrong! Because in Metal Cruisers chat I told that gold is hard commodity since it can easy go and see unseen levels / targets.
Draw Down is a part of game.
And one more thing:
postimg.org/image/7u9bnrbrb/
Dear friend, please post an idea on gold highlighting levels 1383-1430 and a text next to it, Gold IS NOT going to these levels, and publish it. Much appreciated!
You know the saying dear, Sir, put the money where mouth is!
See you on NFP, I will update 10-5-2 mins before the NFP report whether it is LONG or SHORT.
RE-POSTED idea because seems there was a glitch with first one!
Trade active:
Meanwhile dealing with long position.
postimg.org/image/ptczq4ill/
As for Record, every NFP traded with HFT before went in the right direction. But do remember trading news always involve huge risk!
postimg.org/image/ptczq4ill/
As for Record, every NFP traded with HFT before went in the right direction. But do remember trading news always involve huge risk!
Comment:
First idea was removed / made invisible by request. This one is visible and readable. Updates will be here under this idea.
Comment:
I'll expalin little more for new followers.
I will update
10 minutes before
5 minutes before
and Finally 2-1 minute/s before the NFP.
It will be either SHORT either LONG, based on what Machine is producing.
Basically what that means is we are catching the mometum here. I have no Targets nor SL levels on such trades.
And keep in mind that if I update in the last minute LONG meaning that I expect a long signal on GOLD, remember that in 1st second there can be a spike down and then long. Spikes are the ones that can take you out, the same vice versa.
As well I don't know how far it can go. If I say LONG, it can go long and then turn around and go short at some point. The same again Vice Versa.
News trading is very risky and you should react in time in any situation change.
I have plenty of trust in HFT so I usually trade that without SL, because the Spike in 1st second can be rapid stop you out and then go long or short.
It depeneds on your Broker as well, on some there is big spikes, on some there is small spikes, on some there is no spikes at all.
Example.
I update 10 mins before that signal is Long, it doesn't mean you enter, because signal can change.
5 minutes before I update LONG you still don't take action because signal may change.
if in last minute before NFP signal is not changed and is still LONG I enter Long trade on Gold and update the last time LONG.
Once NFP hit the market it should go long.
The same Vice Versa.
I will update
10 minutes before
5 minutes before
and Finally 2-1 minute/s before the NFP.
It will be either SHORT either LONG, based on what Machine is producing.
Basically what that means is we are catching the mometum here. I have no Targets nor SL levels on such trades.
And keep in mind that if I update in the last minute LONG meaning that I expect a long signal on GOLD, remember that in 1st second there can be a spike down and then long. Spikes are the ones that can take you out, the same vice versa.
As well I don't know how far it can go. If I say LONG, it can go long and then turn around and go short at some point. The same again Vice Versa.
News trading is very risky and you should react in time in any situation change.
I have plenty of trust in HFT so I usually trade that without SL, because the Spike in 1st second can be rapid stop you out and then go long or short.
It depeneds on your Broker as well, on some there is big spikes, on some there is small spikes, on some there is no spikes at all.
Example.
I update 10 mins before that signal is Long, it doesn't mean you enter, because signal can change.
5 minutes before I update LONG you still don't take action because signal may change.
if in last minute before NFP signal is not changed and is still LONG I enter Long trade on Gold and update the last time LONG.
Once NFP hit the market it should go long.
The same Vice Versa.
Comment:
So far gold price is living in upper levels meaning LONG. If signal stays here we are printing bad nfp.
Comment:
10 minutes till NFP:
Signal is LONG, meaning gold LONG.
Signal is weak though.
Signal is LONG, meaning gold LONG.
Signal is weak though.
Comment:
5 mins till NFP.
Signal is still LONG, meaning gold LONG.
But signal is still weak meaning this event can be crap.
Signal is still LONG, meaning gold LONG.
But signal is still weak meaning this event can be crap.
Trade active:
The last Signal still Stays LONG, although it is a weak signal. I am considering to execute BUY order on my news trading account.
Be careful and good Luck!
Be careful and good Luck!
Comment:
Nice. Again right direction! It is adviced to always take money off when you can! Thank you and have a great day!
Trade active:
Trade on my news trading account is still active since I have good reasons for it, and since I am long biased in general. Question to all professors and guru's why NFP ( good one ) did not hit gold down? What happen? :( :(
Comment:
News trading with HFT will be back in da house full time. So let's pick up the FOMC dirrection this month shall we?
Trade closed manually:
Long Trade was closed manually right before market close, HFT nailed it's job!