That's because the big players change the rules all the time to screw the small players. Think about it, if it was straight thinking all the time, everyone would make money on this report and banks/brokers would lose a packet. By altering the way ...

NFP and rumors around

Well, you seem to forget the initial fake move of some + 20 pips a few seconds before the actual announcement. This would have hit the straddlers long entry on gbp and eur for a loss. So it wasn't exactly that straight shot. But once it reversed ...

NFP and rumors around

Traders are quick to whinge and name a bad broker for bad fills, slippage, stop hunting = bad publicity. I can't see why anyone can't praise and name a good broker = good publicity.

NFP and rumors around

I use several brokers but that GBP short at 1.9001 was with Interbank FX.

US GDP - Oct 27

I shorted it at 1.9001 and got out with +7 pips. Might try another short if it reaches 1.90 again.

US GDP - Oct 27

I dont think that there could be more liquidity in AUD/USD than there is in GBP/USD. So their reason for raising the GBP/USD spread is nonsense.

FX Solution raises spread on GBP/USD

I tell you what, youre right when you say 'shit happens' So confident was I that there would either be a rate hike or rates would stay the same that I put in only a long straddle and didnt bother to put the short straddle. When trading the news, I ...

NZD rate decision

I was actually responding to the last paragraph of your first post on this thread. May be I should have made that clearer.

Making money in spite of fundemental logic (as we may understand it)

I don't spend too much time trying to study a fundamental report beforehand. I feel all I need to know is what the report means and what is a good, bad or neutral result for that particular report. Most of the time what is posted here on the FF News ...

Making money in spite of fundemental logic (as we may understand it)

Burgerking says: Straddling is not 100% assured win. Brokers has been intervening now. Have you noticed any change with Northfinance? Or are their spreads still better than IBFX? Could you tell me whether you have any experience withdrawing money ...

Questions to all News Traders out there

I straddle with a 20 pip stop loss due to several brokers widen the spread and anything less than that could mean that I am stopped at the start of the move. A spread of 10 pips on GBP is not uncommon with some brokers at news time these days. The ...

Questions to all News Traders out there

The main problem with FXDD is that it is almost impossible to place a market order at news time and very hard to close an open order just after news. I keep getting the message 'Price has moved' or similar. They do not widen the spread as much as ...

Mini account with MT4?

I have to say that you were right. I had to call them and they enabled micro lots. Thanks.

Mini account with MT4?

I wonder whether it makes much difference. Wasn't Refco registered with the NFA and it made no difference in the end.

Mini account with MT4?

Could that mean that the USD has risen too far too fast for the past 2 weeks? Or that the dollar bears have already been taken out of the market through their stop losses? And therefore there is no need for the big boys to push the dollar up further ...

Where are the Dollar buyers?

It is already listed for 8.30 am on the FF calendar.

Empire Manufacturing

Merlin, I have to agree with you regarding the reaction to both the NFP and retail sales report. People always look for a reason why the market reacted a certain way; had the market behaved as expected, no one would have looked for the NFP revision ...

$ For The Week Of 10/16-With Some Trade Tips

A mini lot is 10k and 1 pip is $ 1.00 A micro lot is less than 10 k and 1 pip can be say 50 cs, 10 cs or even 1 cent. If you can trade less than 10k lots it is a micro lot. Please confirm.

Mini account with MT4?

Here's something to study. You made a fundamental mistake to put a 50 pips stop loss; it should be no more than 20 pips stop loss for a news trade. Some traders put a 10 pip stop loss but I think that it's too tight if your broker widens the spread. ...

US Retail Sales and Consumer Sentiment