trade on news - good and bad sides?! I got nice free too

Andy4rum

Junior member
33 17
Hey all,

First of all, slowly read this forum for 2-3 years by now, but only today I decide to say "Hi" and register finally :) I'd like to add my own 5 cents to T2W community :)

I'm keen on fast gain, but due lack of time - the best way for me is to trade in news.
I used limit orders (put them manually before the news etc) - but it was so annoying, because price up/down and I couldn't react same fast and some orders starts even before news affect :)

I got free tool, that probably able to help many traders as I'm... all you need is just set news time (and comment if needed) and SL/TP and trailing.. 1 min before news you will see 2 lines on EXACT pips distance from the price... 5 second before news, these lines converts to 2 stop orders. NO NEED TO CHANGE SOMETHING ANYMORE :)

so, very nice - simple and powerful! See attached
can't attach zip file. sorry
page: http://www.dmurakami.com/eanews4u.htm
no email/registartion - just clear download
 
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Andy4rum

Junior member
33 17
Hey all,

First of all, slowly read this forum for 2-3 years by now, but only today I decide to say "Hi" and register finally :) I'd like to add my own 5 cents to T2W community :)
by the way, got some Pips in CPI m/m today by using it... I'm in proccess to find new free news source... looks like I missed some sharp fluctuations..
 

Andy4rum

Junior member
33 17
Hi all,

thank you for opinion... highly appriciate it... Sure, trading on news is quite risky... but from other hand, trading FX is risky too... as well as chose RIGHT broker... all things are quite risky, suddenly... anyway, I'm quite busy... just some trades on H4... and news are part of my interest now... but sure, only with small lot size and very safe way... small SL and higher TP - and both directions... will see :)
 

Jason101

Experienced member
1,366 214
Hi all,

thank you for opinion... highly appriciate it... Sure, trading on news is quite risky... but from other hand, trading FX is risky too... as well as chose RIGHT broker... all things are quite risky, suddenly... anyway, I'm quite busy... just some trades on H4... and news are part of my interest now... but sure, only with small lot size and very safe way... small SL and higher TP - and both directions... will see :)
I think GroundStone had his tongue in his cheek.
 
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FXX

Experienced member
1,140 195
I trade the news all the time. My entire strategy is based off fundamentals,news,sentiment. Gambling implies probabilities and if you do the fundamentals right and trade on events where the data is unexpected, then it's almost a guarantee to work. The only aspect to this that is somewhat complex is managing the trade. Trust me this is a fantastic way to trade.
 

Andy4rum

Junior member
33 17
I trade the news all the time. My entire strategy is based off fundamentals,news,sentiment. Gambling implies probabilities and if you do the fundamentals right and trade on events where the data is unexpected, then it's almost a guarantee to work. The only aspect to this that is somewhat complex is managing the trade. Trust me this is a fantastic way to trade.
Can you tell us a bit more details? Sounds interesting
 
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NVP

Legendary member
36,771 1,880
I trade the news all the time. My entire strategy is based off fundamentals,news,sentiment. Gambling implies probabilities and if you do the fundamentals right and trade on events where the data is unexpected, then it's almost a guarantee to work. The only aspect to this that is somewhat complex is managing the trade. Trust me this is a fantastic way to trade.
agreed.......its just how you interpret and manage the news being released in relation to the markets / currencies involved

my only rule is to not go in or set some trades up pre news release (unless i'm already on board a trade) ....after that i'll happily go in off of the post action .........

sometimes the best signals come when a market does something the opposite of what was expected , or at least doesnt move as much as expected ...thats a big big clue and worth a punt mostly

N
 
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FXX

Experienced member
1,140 195
Can you tell us a bit more details? Sounds interesting
look at tier 1 and 2 economic releases where there are deviations from expectations and then look at what price did. it's obviously not as simple as trading a deviation because you need to understand the context meaning you need to do research into the economies and then use this info to trade a deviation pairing the currency with another that has the opposite picture (be it short term sentiment of medium term fundamentals)
 
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Andy4rum

Junior member
33 17
Hi all, time to get back to trading :)

Thanks for all opinions about news trading. I find it good, but reduce my focus on such style of trading a lot.
I just take huge news which are happens just once in 2 weeks normally. It helps to reduce risks as well :)
 
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Andy4rum

Junior member
33 17
Hey all,

Market is too quiet for "news" trading... hope to catch some Pips on Friday, gonna be a good shake, I think.
 

Andy4rum

Junior member
33 17
yeah, but news have another side too - good pips fast. I know that risks are high, but as I know - all FOREX is high risk place...
I suppose, with right tactic and safe lot size - you can do scalping, trade on news etc..
 
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