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Attachments: How to trade NFP/FOMC and make pips
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How to trade NFP/FOMC and make pips

Binny,

I go with all 6 in one direction (say buy) on account 1 and all 6 in opp. direction ( say sell) on account 2 before FOMC tonight too, with buy stops and sell stops of all 6 pairs (2x volume) placed on both the accounts . I let atleast 3 out of 6 pending order convert as market orders and I continuously monitor several fundamental and technical readings to gauge the right time to take profits and close it. Hope it helps!
Scoobi doobi doo
Quoting Scoobidoobi
Binny, I go with all 6 in one direction (say buy) on account 1 and all 6 in opp. direction ( say sell) on account 2 before FOMC tonight too, with buy stops and sell stops of all 6 pairs (2x volume) placed on both the accounts . I let atleast 3 out of 6 pending order convert as market orders and I continuously monitor several fundamental and technical readings to gauge the right time to take profits and close it. Hope it helps!
Dammm It- missed a try on FOMC data . Misread the news time - it was actually 6am here so would have been perfect to have a go. Did you go in this one Scoobi ?? Looks as if it was pretty exciting too>>>>
hello dear scoobi, i found your thread truly amazing,thanks for your all support and knowledge
can you tell me again in case of EU news what pairs do you use or suggest for tarde?
best regrds
Quoting persia
hello dear scoobi, i found your thread truly amazing,thanks for your all support and knowledge can you tell me again in case of EU news what pairs do you use or suggest for tarde? best regrds
good question Persia - I dont have any xxxEUR pairs on my charts but plenty of EURxxx. I tried a straight Hedge last time using the EJ & EU but not a lot of excitement there like we get in the USD crosses.
Perhaps Scoobi has some ideas for us here
Did you have a go on the FOMC about 3 hours ago ?
Quoting binnie
{quote} Dammm It- missed a try on FOMC data . Misread the news time - it was actually 6am here so would have been perfect to have a go. Did you go in this one Scoobi ?? Looks as if it was pretty exciting too>>>>
Binnie, Please dont feel bad we have Fed Yellen speaking on Friday again she will move markets anyways...

I had good pips , this time I didnt close any orders till Chinese HSBC PMI data in asian session which spell dooms for my aud usd sells too , good minting day at work

cheers

Scoobi!
Scoobi doobi doo
Quoting binnie
{quote} good question Persia - I dont have any xxxEUR pairs on my charts but plenty of EURxxx. I tried a straight Hedge last time using the EJ & EU but not a lot of excitement there like we get in the USD crosses. Perhaps Scoobi has some ideas for us here Did you have a go on the FOMC about 3 hours ago ?
hello dear,i was busy and unfurtuantly i didnt get it
hi Scoobidoobi, I want ask you if you have try to use this technique in anytime and not only before the news...thanks
Quoting iuri76
hi Scoobidoobi, I want ask you if you have try to use this technique in anytime and not only before the news...thanks

hmm not anytime, only during major news like fomc,nfp,ecb and other major news
Scoobi doobi doo
Quoting persia
{quote} hello dear,i was busy and unfurtuantly i didnt get it

Persia there are plenty of opportunities to trade,practice it thats all
Scoobi doobi doo
Quoting Scoobidoobi
{quote} Persia there are plenty of opportunities to trade,practice it thats all
dear scoobi any comments about the pairs for EU& GBP news? last night for GBP retail sales
i didnt have any idea about the pairs so i opened long position on EU/USD,GBP/USD,USD/JPY.USD/CHF,AUD/USD and
5 sell pending position , they are still open now ( 5 long position and 1 sell position)after almost 12 hours,do you have
any suggest or advice for me to how i am doing ?
best regards
Usd/chf and eur/usd -- pure chaos!
Up and down, up and down, Mr. Market cannot make up it's mind. I'm glad I sat this one out.
Quoting Jimtrade
Up and down, up and down, Mr. Market cannot make up it's mind. I'm glad I sat this one out.

haha if Fed Yellen speaks and ECB Draghi speaks on same day no wonder market makers make it lot volatile and move both sides to hunt stoploss all around.

I also sat down Jim didnt trade this " Yellen /Draghi speaks", if Yellen speaks on FOMC Conference makes sense to trade but not during Jackson Hole Symposium and making pairs dance all over
Scoobi doobi doo
I completely agree.

Good one Scoobi; the market was "hunting for stop losses." As funny as that comment is, that's exactly what was happening. The market was hunting for stop losses up and down all day to see how many trades (and traders) it could ruin. Mr. Market has a mean streak...
Quoting Jimtrade
I completely agree. Good one Scoobi; the market was "hunting for stop losses." As funny as that comment is, that's exactly what was happening. The market was hunting for stop losses up and down all day to see how many trades (and traders) it could ruin. Mr. Market has a mean streak...
Hey Guys - what of this weeks coming news is the likely candidate for us to have a go at? Any??​ suggestions
Hey Binnie,
Good question. Since I'm still new to this 'News Trading' (and still faint of heart), I was going to ask the same question, but you beat me to it.

If I was a guessing man (which I am), I would think that New Home Sales on Monday, 8/25/14 @ 10am (USA time) and Unemployment Claims on Thursday, 8/28 @ 8:30am (USA time) would be good candidates. I'm not too sure about "Consumer Confidence" on Tuesday, 8/26. I don't have enough experience yet. I don't know enough about Australia and New Zealand to offer any useful advice.

Hopefully we will all have a successful trading week this week, next week, and every week.

As Scoobi would say, "Cheers mates!"
Quoting Jimtrade
Hey Binnie, Good question. Since I'm still new to this 'News Trading' (and still faint of heart), I was going to ask the same question, but you beat me to it. If I was a guessing man (which I am), I would think that New Home Sales on Monday, 8/25/14 @ 10am (USA time) and Unemployment Claims on Thursday, 8/28 @ 8:30am (USA time) would be good candidates. I'm not too sure about "Consumer Confidence" on Tuesday, 8/26. I don't have enough experience yet. I don't know enough about Australia and New Zealand to offer any useful advice. ...
Hi JimT,
There is so much news these days & it is hard to keep track of. There is an old fashioned way of answering this question and that is to pull up a USD chart and manually check whether news events caused a spike. I have just done a bit of research on this topic and the general comments I see on various Threads on FF is that any news can affect price if it is not what traders are expecting. Makes sense I guess. So to answer my own question I have to say keep an eye on all red news and use FF Calendar to see the historical effects of the various news releases.
For anyone interested, I have found this on Investopedia - worth a read for us inexperienced news traders


http://www.investopedia.com/articles...dingonnews.asp

This is fun - even better if we can make it profitable
Binnie,
Thank you very much---very helpful advice. Very kind of you to share this very helpful info.

I clicked on the link and the article was excellent. At the end of the article was a link to chartadvisor.com, which I also clicked on. I ended up printing everything, which I will re-read many, many times.

Binnie, if you ever come to America, I owe you a round of golf at a very nice golf course.

Thanks to information like this, you've greatly increased the odds that our trades will become profitable.
Quoting Jimtrade
Binnie, Thank you very much---very helpful advice. Very kind of you to share this very helpful info. I clicked on the link and the article was excellent. At the end of the article was a link to chartadvisor.com, which I also clicked on. I ended up printing everything, which I will re-read many, many times. Binnie, if you ever come to America, I owe you a round of golf at a very nice golf course. Thanks to information like this, you've greatly increased the odds that our trades will become profitable.
My pleasure buddy - Golf sounds great BTW. Enjoy what Scoobi has shown us but please be careful. The markets can be a....holes at times
Quoting Scoobidoobi
Common question to ponder : How to trade NFP & FOMC High Impact News for USD Generally during NFP & FOMC Events , XXX USD & USD XXX pairs starts trending up/down crazily for huge amount of PIPS depending on NFP(Non Form Payroll) US Employment data (or) for FOMC: Fed Dovish /Hawkish stance on US Economy + QE Taper/More QE (QE1,QE2 & QE3) + USD Rates Increase etc.. To start with there are 3 options at disposal for us : Shut your PC, am not gonna trade and outguess these data ==>(stay away from this high impact news NFP/FOMC ) Use Commercial news trading...
Hi Scoobidoobi,
I think that I can code an EA to follow the way you trade.
BTW, can you please confirm:
1/ EA will open trade at special time (I mean time that STRONG NEWS will be release)
2/ EA will open total 12 trades, eample with USD news: 3 buy USDXXX, 3 buy XXXUSD, 3 sell stop USDXXX and 3 sell stop XXXUSD (with 30pips distance)
3/ EA will close all trades when reach profit target (Example: when total profit reach 50 pips or anymore with input value)

Right here waiting for you.

PS: Hope that you can understand me, sorry because English is not my mother language .
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