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Preparation for November

  • #1
  • First Post: Oct 27, 2018 1:32am Oct 27, 2018 1:32am
November 2nd is NFP date. Right?

Just a reminder that the week after, there could be news with really high impact. Global impact type.

I'm planning to freaking trade straight through and just get splashed in the face with waves it's going to bring.

Ok, IDK, mb it will be disappointing on the excitement scale but for sure, it will beat the regular old NFP thing that happens every month.

So, what's your plan? Avoid or one foot in, one out or dive in head first?
  • #2
  • Oct 27, 2018 3:45am Oct 27, 2018 3:45am
I avoid news, just haven't got the stomach for it. Although I like to watch from the sidelines sometimes.

Maybe I am being dense but what big news is due the week after?
  • #3
  • Oct 27, 2018 4:17am Oct 27, 2018 4:17am
Hi, I would avoid these major news releases, just trade afterwards when the excitement passes. If you are eager however then you better have a decent strategy in place...some kind of method to get in & out in times of high volatility. No point in winning if you're simply guessing or placing 2 opposing orders because eventually you will be found out. Did I say it's best to avoid news in the first place...yes I did.

Good luck
who dares wins
  • #4
  • Oct 27, 2018 9:33am Oct 27, 2018 9:33am
Quoting TeenyTrader
I avoid news, just haven't got the stomach for it. Although I like to watch from the sidelines sometimes. Maybe I am being dense but what big news is due the week after?
Nov 6 midterm elections. It could be the beginning of the end of Trump and his trade wars and other policies....or not!
I think all countries effected are waiting to see if they need to settle in and accept the status quo or maybe instead hope for changes.
I think since that event may effect the markets, it's ok to talk about it here.
  • #5
  • Oct 27, 2018 9:46am Oct 27, 2018 9:46am
Quoting MasterJedi
Hi, I would avoid these major news releases, just trade afterwards when the excitement passes. If you are eager however then you better have a decent strategy in place...some kind of method to get in & out in times of high volatility. No point in winning if you're simply guessing or placing 2 opposing orders because eventually you will be found out. Did I say it's best to avoid news in the first place...yes I did. Good luck
'I never avoid news. I usually try to avoid the exact time of it so I don't get tempted to get nervous about it. Most my trading is automated and in my manual trading account, I try to get in 'after' the news has hit.

I trade continuously and to avoid the effects of news is like missing a chunk of the market. It's like missing a whole bar that could be a long one. Or a few of them.

I don't understand the logic behind avoiding a long bar. What if the same long bar occurred over 10 or 20 bars? It'd be like a nice long trend except it happens in a much shorter time frame. If you are prepared for a huge trend at any given time and at either direction, what does it matter if it happens in 20 seconds or 20 days. Yes, the retracements will be missing but maybe missing in that particular bar and will come back in subsequent ones.

Anyways, I know that the most prominent strategy is to avoid news and the other next popular one is to straddle but hey, there is a third one: Assume you can't avoid the news in trading and toughen up and thicken up and take it like a Forex trader. lol.
  • #6
  • Oct 27, 2018 10:47am Oct 27, 2018 10:47am
Quoting OutThere
{quote} Nov 6 midterm elections. It could be the beginning of the end of Trump and his trade wars and other policies....or not! I think all countries effected are waiting to see if they need to settle in and accept the status quo or maybe instead hope for changes. I think since that event may effect the markets, it's ok to talk about it here.
Ahhh I see. Thanks for the heads-up. Yes it will certainly be very interesting.
  • #7
  • Last Post: Oct 27, 2018 11:01am Oct 27, 2018 11:01am
Quoting OutThere
November 2nd is NFP date. Right? Just a reminder that the week after, there could be news with really high impact. Global impact type. I'm planning to freaking trade straight through and just get splashed in the face with waves it's going to bring. Ok, IDK, mb it will be disappointing on the excitement scale but for sure, it will beat the regular old NFP thing that happens every month. So, what's your plan? Avoid or one foot in, one out or dive in head first?

It won't be fireworks. The Fed have made it clear they are not in the slightest bit concerned about employment and haven't been for some time. This is why It hasn't been the usual volatility. What will be more important going into November is inflation pressure and if it is weaker than expected could prevent a December hike.

Midterms will be interesting and may even offer up some trading opportunity. I would prefer to trade it off the back of a surprise and not through it however
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