Made 40% on News Release

[ChaseLa]

I shorted euro/usd in lots of 50k, 100k, 100k, 300k, 500k, 500k and cleared 40% on my total account obviously I was over leveraged but the trade lasted less than 10 minutes for an average gain of 5 pips.

Im just wondering is this strategy repeatable ?

I entered the trade after USD ISM Non-Manufacturing Composite (JUL) beat expectations waited until the price action confirmed my analysis and went all in.

Is it possible to repeat this and collect 5-15 pips after the news is released as opposed to trying to predict the news.

Thanks

 

[counter_violent]

I shorted euro/usd in lots of 50k, 100k, 100k, 300k, 500k, 500k and cleared 40% on my total account obviously I was over leveraged but the trade lasted less than 10 minutes for an average gain of 5 pips.

Im just wondering is this strategy repeatable ?

I entered the trade after USD ISM Non-Manufacturing Composite (JUL) beat expectations waited until the price action confirmed my analysis and went all in.

Is it possible to repeat this and collect 5-15 pips after the news is released as opposed to trying to predict the news.

Thanks

Only until you blow the account.

 

[Stargunner]

Eventually what will happen is you will find that the market reacts differently to news compared to what you expected and that your risk management will fail you. You may cut your losses too soon or too late, and the over leveraging will blow you out the ONE time that this fails.

If you want to do this, do it with smaller position sizes. There's more than enough news in the FX markets.

 

[ChaseLa]

Eventually what will happen is you will find that the market reacts differently to news compared to what you expected and that your risk management will fail you. You may cut your losses too soon or too late, and the over leveraging will blow you out the ONE time that this fails.

If you want to do this, do it with smaller position sizes. There's more than enough news in the FX markets.

I actually kept increasing my position 3000% as it went in my favour

if i didn't i would have just cut my losses with the original 50k.

 

[SpreadDoctor]

until the price action confirmed my analysis and went all in.

you went all in

all in is something I do in poker, especially when short stacked to take the blinds lol.

If you are new to trading I recommend you start with micro stakes. Profitable trading is a profession not a gamble down the casino.

 

[Mr. Charts]

all in always results in all out

Trading is not about gambling, it's a probability business and should be treated as such, trading on "probability" and as a "business".