Trading The News Or Fundamental Release

HELLO EVERYBODY,

ALL I WANT TALK ON IS ABOUT TRADING THE NEW.

Although I trade the Technical analyses too but I use News time to ADD to my profit.

You can always make profit from the news if you are not greedy type.

Before the news or 2 to 3 minutes to the news, open your platform PREFERABLE MT4.

Set both Buy and Sell stop order, with 10 pips away from the market price.

Your stop loss should be between 10 to15 pips this will depend on your account size, while your take profit. Should be between 15 to 30 pips.

Immediately one of the orders is taken cancel the second order.

Between 2 to 3 minutes, if the order is not taken please close both order… It means the news is not moving.

I want to stress that most of US News move well with usd/jpy and due to wipsaw 7 trades out of 10 is sure to make profits.

Please, try it on demo before live account… As you trade the system, you improve yourself on it.

Keep on making pips………………Best of luck.

Hello Chiefo,

Thanks for sharing this method. it rocks, i use it alot most especially on NFP, mine buylimit/stoplimit is placed like 5mins before the news and normally 15pips away from the market value.

Newbies should do demo to get to know how the market moves during news.. we might likely not get fixed sl and tgt but wot u stated in your post is ok depending on the fundamentals that is coming out.

Chiefo, one thing i would tell you for sure is that people willn't want to take this idea because of the sharp practices normally experienced by brokers during news release, all the same, getting a good broker will make this method work.

I have used it on my live acct severally and i must say it rocks!

thanks

Chiefo, would try urs on other news that might come out other than NFP to see how it works but i know i must work.

And what is you experience with the slippage in this style of trading the news spike?