Trading the News

[buangcla]

Nonfarm Employment Change will be released at 8:30 am EST today. News traders out there watch out, forecast says it's gotta be a big one...

[buangcla]

Last Friday I lost 20 pips. The market whipsawd for over 20 pips down which triggered my pending order and started to head up and taken my stop loss. The worse news release last week.

[buangcla]

The start of this week is kinda lame. News are not quite affecting the market.. Forecast today says another nonfarm although medium impact is expected, better watch out guys.

[buangcla]

The calendar today is so acurate. I have gained 50+ pips from it as of now. Almost all of todays news have huge impacts on the market. Wow what a nice day to end the week.

Happy Trading everyone and have a happy weekend.

[geo]

Is this method still in use or is now a thing of the past?

[forexmoments]

Well it's been like a year since anyone posted on this thread.

[RICHARD DELAGE]

Originally Posted by priest9

Yeah I know this system, it's amazing! I have a nice EA for metatrader so you don't even need to be around when the news is released and you can still profit from the move, but the problem is that brokers widen their spread during news hours. Especially MT4 brokers

COULD YOU TELL ME THE NAME OF THIS SYSTEM?

[RICHARD DELAGE]

Originally Posted by Libros

buangcla,

i had this idea in the beginning i trade forex.
but, as far as i know many broker didn't allow us place pending order during news. especially on mt broker. so is it only can be success on demo account?

but i've heard someone placing this with instant execution and successfull.
so maybe EA can work better than us.

YOU SET THE LOT SIZE AND THE PAIRS YOU WILL BE DEALING WITH, THAN YOU PLACE A BUY ORDER AND A SELL ORDER AND YOU WATCH THIS CLOCK THAT IS TICKING AWAY PRIOR TO RELEASE OF NEWS, 5 SECONDS BEFORE IT COMES OUT YOU HIT THE TRADE BUTTON 2 ARROWS WILL POP UP ONE SAYS BUY OTHER SELL, WHEN RELEASE COMES OUT IT AUTOMATICALLY GOES THE DIRECTION IN FAVOR OF YOU. DO YOU KNOW THE NAME OF THIS SYSTEM, IT STADDLES THE NEWS, I SAW IT ON YOU TUBE, STILL THERE, LOOK FOR POWER STRADDLE.