A few seconds after the news is release there is a hard battle between the buyers and the seller, because no one really know the direction of the price there is a lot of orders to buy and sell.
That thing making whips in the price it start to jump up and down for a few seconds until it beaten. In the end where there is more order this is the direction that will win and the price will go to there.
O.k. we understand the market, but how can we be in the winning side and not go out of the trad with the stop loss during the jumping of the price ?
In 15 minute chart if I'm putting a sell and a buy order is the 15 minute candle high and low just before the news, and with a wide stop loss for each direction. most of the time it will protect me from the whips, but I'm missing a lot of pips. and if the price catch one direction but decided to go to the other direction I'm loosing a lot of pips because of the wide stop loss.
In 1 minute chart when the news going out im starting to see the battle, the price s jumping up and down. well, im saying i will wait a few seconds until the battle will calm down see who is winning and will go with him, problems.
First when is the right time to enter ? To soon and i will go out in my stop loss because of the price jumping up and down in the battle.
To late and i will miss the all mouvement ( I know that when the news release all the mouvement can take 2 - 3 seconds ).
I will be happy to here from any one here about his idea to solve this problems, And what are his ways to trade the news.
That thing making whips in the price it start to jump up and down for a few seconds until it beaten. In the end where there is more order this is the direction that will win and the price will go to there.
O.k. we understand the market, but how can we be in the winning side and not go out of the trad with the stop loss during the jumping of the price ?
In 15 minute chart if I'm putting a sell and a buy order is the 15 minute candle high and low just before the news, and with a wide stop loss for each direction. most of the time it will protect me from the whips, but I'm missing a lot of pips. and if the price catch one direction but decided to go to the other direction I'm loosing a lot of pips because of the wide stop loss.
In 1 minute chart when the news going out im starting to see the battle, the price s jumping up and down. well, im saying i will wait a few seconds until the battle will calm down see who is winning and will go with him, problems.
First when is the right time to enter ? To soon and i will go out in my stop loss because of the price jumping up and down in the battle.
To late and i will miss the all mouvement ( I know that when the news release all the mouvement can take 2 - 3 seconds ).
I will be happy to here from any one here about his idea to solve this problems, And what are his ways to trade the news.