i've been having this problem trading most news. I read and understood todays expected news (GBP - Trade Balance due 4:30ET), i had the 1min & 5min charts open and expecting the news from http://news.efxnow.com/en/commentary/index.html (it came in late though).
The thing is that at exactly 4:30am, there was this spike (-20pips) that i just couldn't get into (viewing the 1min chart) before that time. Is there really a way one could know 1-2mins before the news the exact values of a particular news?
I was able to lock in about 15pips though (waited for a little retracement on the 1min chart)...but i strongly believe theres a way to know these values just b4 they come out.
I would have attached the charts for better understanding, but i really dont know how to filter the image and paste it...all i do is PrintScr(my whole monitor screen).
Hope to get a very good (tested and working) methods of getting into the news trades well.
The thing is that at exactly 4:30am, there was this spike (-20pips) that i just couldn't get into (viewing the 1min chart) before that time. Is there really a way one could know 1-2mins before the news the exact values of a particular news?
I was able to lock in about 15pips though (waited for a little retracement on the 1min chart)...but i strongly believe theres a way to know these values just b4 they come out.
I would have attached the charts for better understanding, but i really dont know how to filter the image and paste it...all i do is PrintScr(my whole monitor screen).
Hope to get a very good (tested and working) methods of getting into the news trades well.