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  #11 (permalink)
lightsun47
Toronto, Canada
 
Posts: 416 since May 2018
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(Sorry a little bit off topic, but it's better to be told now then regret later.)

I had made a small review some years back as to how this system was.

Fast forward today, a lot of news they used to trade straight via bracket trades don't seem to work as you would get filled on one side, only to get stopped out right away as the price tends to move in the reverse direction after getting us filled.

They had developed a system to 'solve' this issue, but it was only for certain news - not everyone. The situation is far different from how it was back in 2016-19.

Bottom line is: News trading via brackets is slowly losing its 'grip', so be very careful when trading the news. And this is also one of the reasons why many prop firms will not allow us to either put bracket orders and/or let us trade the news at all in the first place.

Good luck.


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  #12 (permalink)
 2ndmarcus 
Sydney NSW/Australia
 
Experience: Beginner
Platform: NinjaTrader
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Thanks. How many of Leigh’s trades do you partake in each week? Have you been trading with Leigh consistently since Aug last year? Profitable?


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  #13 (permalink)
 2ndmarcus 
Sydney NSW/Australia
 
Experience: Beginner
Platform: NinjaTrader
Trading: CL
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romus View Post
There are mainly AUS and NZD news plus some of the EUR zone as well.
The good news is that US is changing to DST soon so some of the news, which usually start 8:30am will be @11:30pm, then in April @10:30pm.
I would e-mail Leigh Goldstein ([email protected]) and ask for free Weekly schedule - I am pretty sure he would do that - and possibly put you on the mailing list.
If not on the regular list, ask for some samples of previous WMM (Weekly Market Movers).

Number of trades depends on your available time - some of them are early in the morning, like ~8am now, especially during earning season.

Hope this helps.

Thanks. How many of Leigh’s trades do you partake in each week? Have you been trading with Leigh consistently since Aug last year? Profitable?


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  #14 (permalink)
 romus 
Melbourne, VIC, Australia
Legendary Wicked Trader
 
Experience: Intermediate
Platform: NinjaTrader
Trading: SPI
Frequency: Every few days
Duration: Days
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lightsun47 View Post
(Sorry a little bit off topic, but it's better to be told now then regret later.)

I had made a small review some years back as to how this system was.

Fast forward today, a lot of news they used to trade straight via bracket trades don't seem to work as you would get filled on one side, only to get stopped out right away as the price tends to move in the reverse direction after getting us filled.

They had developed a system to 'solve' this issue, but it was only for certain news - not everyone. The situation is far different from how it was back in 2016-19.

Bottom line is: News trading via brackets is slowly losing its 'grip', so be very careful when trading the news. And this is also one of the reasons why many prop firms will not allow us to either put bracket orders and/or let us trade the news at all in the first place.

Good luck.

Well, it's not off topic - just good review.
You are right - news trading is not as lucrative now as it was during GFC! Some movements are good, some jerky - hence beside of what others teach I do my own review of previous behaviour and then decide if and how I am going to trade.
Bracket is not the only option now, Magnet seems to becoming also popular not just around the news time.
Liquidity is the issue - or lack of it. Sometimes the Bonds help - but I am not used to the way Bonds are traded, meaning the tick value does my head in!
I just prefer decimal instruments! :-)

It's not the way to become rich on on trade or series of trades - just another way to trade using predictable higher market volatility times.
It can be dangerous as i may pay you a couple of grands within few seconds - but it can take it as well.
Imagine being SHORT and you are filled at the bottom of the move and then market reverses...


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  #15 (permalink)
 romus 
Melbourne, VIC, Australia
Legendary Wicked Trader
 
Experience: Intermediate
Platform: NinjaTrader
Trading: SPI
Frequency: Every few days
Duration: Days
Posts: 859 since Dec 2010
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2ndmarcus View Post
Thanks. How many of Leigh’s trades do you partake in each week? Have you been trading with Leigh consistently since Aug last year? Profitable?

I finished my 3 month membership in November - DST(!) - with about 10% profit. I was not taking all trades and I was sometimes taking them differently, according to my research of previous trades.

My trading is on the back burner at the moment for other reasons.

What I may suggest - as before - try to get on their mailing list and at least once a week they are running a free session on YouTube (streaming).
Listen to Leigh and get familiar with his preparation to every trade.


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  #16 (permalink)
lightsun47
Toronto, Canada
 
Posts: 416 since May 2018
Thanks Given: 525
Thanks Received: 331


2ndmarcus View Post
Thanks. How many of Leigh’s trades do you partake in each week? Have you been trading with Leigh consistently since Aug last year? Profitable?

Notice I put in the period between 2016-19?

I did not trade with them later on because their simple brackets started to cost a lot. Those brackets - which are put in three (3) seconds before the news events - can be coded easily.

I didn't want to pay huge sums of money just for those simple brackets.

By the way, for the Australian people, sorry I forgot to mention that whenever they traded a few Australian and Asian news, they used something called Trap trading. This means, instead of just putting brackets to go long or short just before the news, they would actually go 'reverse' because they were expecting the price to reverse after certain amount of movement.

Anyways, like I said before, news trading is different these days compared to the previous decade, so do your research thoroughly and only trade which you can afford to lose.

Thanks and good luck.


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