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Thread: *** Question to all those who trade UNDER NEWS ***

  1. #1
    Do you set stop entry orders before the information at your desired level or you enter in the market?

    Assuming you put entrance ceases, how are you currently orders treated if the market gaps by 20-30 pips?

    This whole news thing is one of the few things I'm not getting about FOREX.

    By way of example, today I had a brief signal on EURUSD with entrance @ about 2640.

    Prices ranged before trade balance announcement, therefore at 8am I removed my stop entries and waited for the information to emerge.

    My principle is I only participate to information statements if my order gets stuffed at least 30 minutes prior to the information. If I'm not in the market by then, I will wait another 15-30 mins following the news and wait for volatility to settle down.

    By doing this, I capitalized on many opportunities made by news statements and exploit new routines made by high volatility.

    But its pretty fruing to sit here and watch the buck make new highs when I had a brief signal...

    I dont mean to be too conservative, but that I feel like trading under information is pure speculative trading which doesnt require tech analysis at all.

  2. #2
    Here's a thread from Oanda. It's very long. How those guys bash each other over at Oanda (like any other forum however forexintuitive), this one has gone to a very long time so I believe it's alot of really good things in it. http://www2.oanda.com/cgi-bin/msgboa...;f=15;t=004549

  3. #3
    Quote Originally Posted by ;
    Do you set stop entry orders prior to the news at your preferred level or you input at market?

    Assuming you place entry ceases, how are you orders handled if the marketplace interruptions by 20-30 pips?

    This whole news thing is among the few things I am not getting about FOREX.

    By way of example, today I had a brief sign on EURUSD with entry @ around 2640.

    Prices ranged before trade equilibrium announcement, therefore at 8am I removed my stop entrances and waited for the news to come out.

    My rule is that I just participate to news statements if my order has stuffed at least 30 minutes ahead of the news. If I am not in the market by then, I'll wait a second 15-30 mins after the news and await volatility to repay.

    By doing this, I capitalized on several chances created by news statements and exploit new patterns created by high volatility.

    But its pretty fruing to sit here and watch the dollar make new highs once I had a brief sign...

    I dont mean to be too conservative, but I feel as though trading under news is pure speculative trading which doesnt need tech evaluation in any way.
    Yes, is speculative for sure.
    But I dont understand, you have to set an arrangement 30 minutes before to be accepted ?!

  4. #4
    Quote Originally Posted by ;
    Do you place stop entry orders before the information at your preferred level or you enter at market?

    Assuming you place entrance ceases, how are you currently orders handled when the market gaps by 20-30 pips?

    This entire news thing is among the few things I am still not getting about FOREX.

    For instance, now I had a short sign on EURUSD with entrance @ about 2640.

    Prices ranged before trade equilibrium announcement, therefore at 8am I removed my stop entries and waited for the information to come out.

    My rule is that I just participate to information statements if my order gets filled at least 30 minutes ahead of the information. If I am not in the market by then, I will wait a second 15-30 mins after the news and wait for volatility to settle down.

    Using this method, I capitalized on several chances created by news statements and exploit new patterns created by large volatility.

    However, its pretty fruing to sit and see the buck make new highs when I had a short sign...

    I dont mean to be overly conservative, but I feel as though trading under information is pure speculative trading which doesnt need tech analysis at all.
    All Currency Market is insecure, why should not news be ?

  5. #5
    Im begining to think the information doesnt have anything to do with the industry change. But since there's an event everyone is there to grab it.


    It's fun to make more money then you did all week the same time tho

  6. #6
    Quote Originally Posted by ;
    This whole news thing is one of the few things I am not getting about FOREX.

    ....
    I dont mean to be too conservative, but that I feel like trading under information is pure speculative trading that doesnt need tech analysis at all.
    Hi
    I don't profess to any fantastic knowledge or abilities but beginners like me are advised to stay clear.
    I got burnt just on the EUR (read it all wrong) but obtained my losses back along with a bit more shorting the retracement on the Swissie. (James and Dial have just thrown their hands in the air, wondering if they are wasting their time with a few of us LOL). However, I did watch for a pin that developed on the 15 minute chart before I played. (Can I hear another loud sigh?)
    I know of at least one full time dealer who never plays the information, you can watch some serious discussions on this link in the discussion.

    Https://forexintuitive.com/forex-tra...t-to-fail.html

    (Hope that worked)

    Peter

  7. #7
    Quote Originally Posted by ;
    This is a thread from Oanda. It is very long. How those men bash each other over at Oanda (like any other forum but Currency Market factory), this one has gone on a really long time so I think it's alot of really good things in it. Http://www2.oanda.com/cgi-bin/msgboa...;f=15;t=004549
    Thank you for the link. Interesting to see how this news scalpers trade such volatile markets...

  8. #8
    Quote Originally Posted by ;
    yes, is insecure for certain.
    But I dont know, you need to put an arrangement 30 minutes before be approved ?!
    In case my system produces a trading signal BEFORE the information, I'm allowed to enter the industry around 30 minutes before news statement.

    Lets take EURUSD today as an example.

    At 6am ET I had a Brief signal about the EURUSD. Entry level was approximately 2640.

    My principles let me seek for entry at that level up to 8am, i.e. 30 minutes prior to trade equilibrium figures being published.

    As EURUSD never hit 2640 by 8am, I eliminated my requests and waited for information statement to come out.

    At that stage, I am just waiting to see how the market responds to the news and reevaluate the entire picture again following volatily has settled. It takes 15 to 30 minutes for volatility to settle down to normal levels based on the information.

    At the moment, after seeing the EURO producing new lows and retracing all of the way back up and make new highs, I'm happy I stayed out of this trade as it might have been a small loser or a scratch at best.

    This is how I adjust my trading to significant news announcements. I feel more comfortable trading under speculation and less volatility.

  9. #9
    Quote Originally Posted by ;
    all FX is speculative, why shouldn't news be ?
    Absolutely, FOREX is 90% speculation like any other trading instrument.

    But I find tech evaluation under news useless. Before significant news costs probably trade within a tight range, therefore I find news investing in a very simple breakout egy that needs many prayers expecting for costs to create a nice run and produce some quick profits.

    Nothing against people who trade the news and make money, I really tip my hat at them for being ballsy enough to trade during such explosive moments.

  10. #10
    Quote Originally Posted by ;
    im begining to believe the information doesnt have anything to do with the market change. But because there is an event everyone is there to ch it.


    It's fun to make more income then you did all week at once tho
    bear in mind that you could also lose all of your weekly gains in a matter of moments...

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