Hello.
Ok, my first post.
Thanks for your efforts scorpion. The calendar itīs too helpful.
I would ike to express some ideas in my first post, to all requesting "inmediately" news. And to some guy who wants to convince everyone they trade the news.
I think scorpion approach is the right one.
You take an action before the news based on a forecast. As the same way you do based on a forecast of indicators.
Two years of body preparation, the best trainers (Nike), a little steroids dope, and I just lost the race against a Porshe.
Some people want to trade the news when thatīs impossible.
If you have read Alex Elder, there is some equation like this.
1-News are first know on the pit.
2-Some company collects then and sends to you.
3-At the speed of light (if youīre so much lucky) news appears in your screen.
4-You read the news.
5-You have to take a decision and youīre the most fast broker in earth to think: What I have to do? long/short? stop? TP?
6- You enter the order
7- YOUīRE LATE
The traders in the pit are going to kill you with execution, slippage, false movements, whatever you want. Because youīre: 1 minute later? 30 seconds? YES.
The only way to "trade the news" is with a place in the pits. With you screaming: BUY/SELL bla bla bla.
With you have a full understanding of what is going on. Pit traders always have the advantage.
Ok, some people donīt "read" the news and enter with a hunch if the value is above or below, what itīs the same of the flip coin mentioned by Nick.
Some people blame the broker because re-quotes or not filled orders.
And some people thinks their finger are not fast to click the mouse when a pair moves 50 pips in 2 seconds.
Just mi opinion.
Quote:
Hello Linuxser,
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