Quote:
Originally Posted by Cartoon
Ops... sorry, it was my computer problem T_T. By the way, scorpion, how do you predict the trend will go? According to news?
Well I have a idea here, base on the prediction of trend direction, we use the break out to track it, exp: when the trend is up, then we find the break out only for upside. How do you think?
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I used to think about the breakout. But soon realized that the breakout just happens too fast, 50 pips moved under a few seconds. So during the extreme volatility (breaking out), brokers won't execute your orders. They even ignore your SL, which mean you could lose more than the SL you set. What you can do to trade fast news is to enter order 15 mins before it is released. Our economic calendar has the Predictor that tells the direction, volatility, and target profit; therefore, you can brainstorm an easy system from this Predictor.
However it shouldn't absolute. Many pieces of news only moves slowly, so breakout system might be cool to follow.