Hi there fellow traders. Ever wonder what are economic calendars are for? Like the one here in fxfisherman? Well I am practicing my strategy on how to use the economic calendar as a weapon in trading. My idea is this, I will study the economic calendar and look for some news release and just place pending orders to catch whichever the trend will move. I will set buy stop and sell stop to catch the movement. Is there anyone i here that uses the same idea?
I have tried this in a demo account and I have earned 55 pips in one trade. The take profit is kinda small so you will earn immediately as long as the movements are strong. Hope to hear anyone in here who has the same idea.
I also included here the e-book that I based this system on. Can anyone here help me in improving the system.
