Event Driven Trading strategy
I welcome you very warmly
I have registered on the forum a few weeks ago however I read it since 2008 what makes me believe that I’ve already read most of the topics page by page. It is difficult to start such a topic as I feel a little bit overwhelmed by my experience – 10 years is a lot of time and I read so many articled, tested so many strategies that I could write a book – but this is not my point. I would like to present you my essence of trading ,the way I see the market, the way I feel the market.
What makes trading beautiful is that it emphasizes one’s character- GOOD or BAD – it will show whether you are born to trade, whether you act in a chaotic manner, whether you are precise, very detail in what you do, whether you are nervous, stubborn, uncertain or unreliable.
You will break the rules, you will anchor with a position, stick to the market direction, you will do opposite to what you should if you have the cons.
Every character is different and every character has to find his way to trade markets. Why did I write it ? Because I cannot assure that you will be able to see the market the way I see it, act the way I act or that you will feel comfortable with the system that I trade. I can assure you that I did all I could to test it thoroughly.
Markets and especially fx is a special kind of place where you can find a lot of information, you get such huge portion of information that without experience when you read it you have no clue of what is happening and usually make wrong decisions.
Traders usually are afraid of information as people are afraid of unknown. Guru tells you not to trade during news publication, listen to you and your head not any other person.
It is research and good methodology that can make your trading profitable not any indicator that will stick to the market and show you the past. What you should do is to find and edge that is a good predictor for the market. For example you test your expert advisor and you get superb equity curve – so ? does it mean anything ? NO, you have just overfitted to the past and found magic formula for the past.
This topic will be concerned on investment on all possible news and macroeconomic data. ( tricks, tips , mini strategies for different situations ) No Merkel talk, no Bernanke talk, no pseudo market analysis. Pure macro, pure exploitation of market inefficiencies – fast profit , fast loss. I will try to show you how to read macro and interpret data, technical tricks + macro.
Today I will show the only position I had. GBP LONG Tomorrow, more theory and facts - principles of a strategy.
Below you have GBPUSD unemployment data which was far above expectations with RISK ON sentiment on the market ( qe3, positive reactivity on other risky assets ). GDP consolidated before BO ( breakout ) where other risky assets did it earlier ( these are some elements that I look at and they make this strategy work - make it profitable )
Stop was very tight 10pips at the beginning with take profit of 10pips as well. I've activated TS which is very important for this strategy if not obligatory because reactivity is usually very rapid ( especially on GBP which makes it with one or two M1 candles ).
I hope to see some comments and tomorrow I will move on
http://img12.imageshack.us/img12/549...ec9bc5dc5f.png
I welcome you very warmly
I have registered on the forum a few weeks ago however I read it since 2008 what makes me believe that I’ve already read most of the topics page by page. It is difficult to start such a topic as I feel a little bit overwhelmed by my experience – 10 years is a lot of time and I read so many articled, tested so many strategies that I could write a book – but this is not my point. I would like to present you my essence of trading ,the way I see the market, the way I feel the market.
What makes trading beautiful is that it emphasizes one’s character- GOOD or BAD – it will show whether you are born to trade, whether you act in a chaotic manner, whether you are precise, very detail in what you do, whether you are nervous, stubborn, uncertain or unreliable.
You will break the rules, you will anchor with a position, stick to the market direction, you will do opposite to what you should if you have the cons.
Every character is different and every character has to find his way to trade markets. Why did I write it ? Because I cannot assure that you will be able to see the market the way I see it, act the way I act or that you will feel comfortable with the system that I trade. I can assure you that I did all I could to test it thoroughly.
Markets and especially fx is a special kind of place where you can find a lot of information, you get such huge portion of information that without experience when you read it you have no clue of what is happening and usually make wrong decisions.
Traders usually are afraid of information as people are afraid of unknown. Guru tells you not to trade during news publication, listen to you and your head not any other person.
It is research and good methodology that can make your trading profitable not any indicator that will stick to the market and show you the past. What you should do is to find and edge that is a good predictor for the market. For example you test your expert advisor and you get superb equity curve – so ? does it mean anything ? NO, you have just overfitted to the past and found magic formula for the past.
This topic will be concerned on investment on all possible news and macroeconomic data. ( tricks, tips , mini strategies for different situations ) No Merkel talk, no Bernanke talk, no pseudo market analysis. Pure macro, pure exploitation of market inefficiencies – fast profit , fast loss. I will try to show you how to read macro and interpret data, technical tricks + macro.
Today I will show the only position I had. GBP LONG Tomorrow, more theory and facts - principles of a strategy.
Below you have GBPUSD unemployment data which was far above expectations with RISK ON sentiment on the market ( qe3, positive reactivity on other risky assets ). GDP consolidated before BO ( breakout ) where other risky assets did it earlier ( these are some elements that I look at and they make this strategy work - make it profitable )
Stop was very tight 10pips at the beginning with take profit of 10pips as well. I've activated TS which is very important for this strategy if not obligatory because reactivity is usually very rapid ( especially on GBP which makes it with one or two M1 candles ).
I hope to see some comments and tomorrow I will move on
http://img12.imageshack.us/img12/549...ec9bc5dc5f.png