B
Black Swan
no technicals, just fundamental research bolstered by 'stuff' (freely available in the mainstream media) that you've then traded succesfully.
"Trading news"; please post examples as of Monday
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luckyd1976
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Crude and Gasoline Inventories...
Example, this week... Stay tuned
Example, this week... Stay tuned
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B
Black Swan
thanks for this, could you state precisely when you enter the trade and what "news" supported it? FWIW I'm looking to be converted to the ability to make trades exclusively on the basis of news, always open minded .
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TheBramble
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BS – with the greatest respect, do you really believe anyone who trades the news, and does so for a living, will take the time out from the trade execution to post precise entry times and rationale? Just to try and convince you?
The best you can hope for, and be bloody grateful for whatever you get, is a kind soul letting you know why they did what they did at some point after they’ve done it.
But few will. Why?
Because historically, anyone who has taken the trouble to do so has been blasted with the ‘well, anyone could say that in retrospect’. Sort of understandably too.
So you may be lucky, but probably not. And probably not to your satisfaction.
The best you can hope for, and be bloody grateful for whatever you get, is a kind soul letting you know why they did what they did at some point after they’ve done it.
But few will. Why?
Because historically, anyone who has taken the trouble to do so has been blasted with the ‘well, anyone could say that in retrospect’. Sort of understandably too.
So you may be lucky, but probably not. And probably not to your satisfaction.
new_trader
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thanks for this, could you state precisely when you enter the trade and what "news" supported it? FWIW I'm looking to be converted to the ability to make trades exclusively on the basis of news, always open minded .
IMO: You would be better off focusing your efforts on the ability to accurately judge the supply and demand situation and recognizing intent. Once you can do this and confidently back your opinion with money you will discover that the 'NEWS' is completely and utterly irrelevant. You will switch off ALL of your NEWS sources and the only thing you will focus on is what the market is doing.
I have said it before and I will say it again: Only fools and amateurs trade the 'NEWS'.
B
Black Swan
Yep I totally accept your pov, however I'd imagine news traders have much longer timescales/timeframes. For example news yesterday re M&S, (read it in The Times whilst watching my son do his judo grading yesterday morning, needed something to do stuck there for 4 hours), wondered if their apparent poor figures to be released this week and the Stuart Rose questions would affect their share price this morning and/or over the next few days, wondered if anyone would see weekend reports and have a punt (either way) based on these reports...
shares currently down approx. 1.23%
Rossini
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I 100% disagree. The news effects every market which you can trade in. Name a market that the news does not effect.
so what types of news would not effect a market?
Rossini
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What I think NT is saying is that news creates the PA that we trade off anyway so therefore the news can be ignored. I don't necessarily disagree with this but to make such a generalisation is, in my opinion wrong.
why does that mean the news can be ignored though?
foredog
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What i meant was different types of news can be traded, a surprise announcement in a stock is "relatively" easier to trade than an economical announcement
B
Black Swan
Guys, please, can we stop this bickering and attempt to stay on topic? I posted this thread not to discuss whether or not the news affects market price, that's not a point worth debating, this thread is for anyone who can post (or is willing to) evidence of how they've used the news to trade.
I don't think that you necessarily need to trade the news, but if you do not listen to the news then I think that would be stupid, for any trader.
Rossini
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It doesn't. I don't trade the news but one of the thing I look out for is a reversal pattern just after or during high impact news. Not that I care or know what the news actually is but I know when it is. And that for me, is enough.
thismorning I heard on the news that GM and Chrysler where in depper trouble so i went long in the bund at the open.
What is it that you trade in?
Well hearing that Home Secretary Jacqui Smith has been claiming expenses from the UK tax payer for her husband watching Pay per view porn films is unlikely to move the market
Paul
i would have said that would effect the price of oil
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