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Good source for Fundementals/News

  • #21
  • Nov 3, 2006 6:03pm Nov 3, 2006 6:03pm
Bloomberg and Reuters are news service providers. Anyone can say them, they are accredited service. Rather you just mentioned a signal service, totally different from Bloomberg or Reuters Or tradethenews or newsstrike or Dowjones or anyone other news service THAT provides news on all scales of a country (us and others). Hope that explains some questions.
  • #22
  • Nov 3, 2006 6:18pm Nov 3, 2006 6:18pm
Ok fair enough. I guess I dont personally see any difference. Bloomberg charges $1700 a month Reuters charges $1000 (i think) and TTN charges $150. To me they are all commercial companies. I just wanted to be helpful and tell you guys about a service where i am beating the spike. I guess I see your point, technically they are a signal service. But the signal is based on the news so only once removed.

I dont mean to send this thread in another direction but when you find something that works after all the pain of losing, you kind of want to shout it from the rooftops. It kind of also felt like a slap in the face when i came back to see any comments to my post, and then find it deleted.
  • #23
  • Nov 3, 2006 8:56pm Nov 3, 2006 8:56pm
Quoting PeterFox
Ok fair enough. I guess I dont personally see any difference. Bloomberg charges $1700 a month Reuters charges $1000 (i think) and TTN charges $150. To me they are all commercial companies. I just wanted to be helpful and tell you guys about a service where i am beating the spike. I guess I see your point, technically they are a signal service. But the signal is based on the news so only once removed.

I dont mean to send this thread in another direction but when you find something that works after all the pain of losing, you kind of want to shout it from the rooftops. It kind of also felt like a slap in the face when i came back to see any comments to my post, and then find it deleted.
Hey Peter,

I also beat the spike when the numbers are out, BUT unlike u where u have to join a conference call, i get the numbers direct on my screen, and i decide with my triggers my risk level. I also have access to revision numbers, and i can combine composite news into one signal. All in all i would not trade the news without this service!

Sma
  • #24
  • Nov 3, 2006 9:52pm Nov 3, 2006 9:52pm
don't waste time and money using TTN, the best services out there are reuters and bloomberg ofcourse they are too expensive but they are other alternatives to beat the spike if that is that you want, but be very aware of that beating the spike is just half the battle, you need a good broker too that won't play dirty tricks during those high volatility times, those tricks include freezing the platform, some will widen the spread way too much, others will get you filled way to far from the price you wanted to. $40 for getting the news 5 secs later is not worth it, in that case just wait for tomorrow's newspaper to read about the news ...
  • #25
  • Nov 3, 2006 9:59pm Nov 3, 2006 9:59pm
Quoting Sma
Hey Peter,

I also beat the spike when the numbers are out, BUT unlike u where u have to join a conference call, i get the numbers direct on my screen, and i decide with my triggers my risk level. I also have access to revision numbers, and i can combine composite news into one signal. All in all i would not trade the news without this service!

Sma
I have tried an onscreen service alongside an telephone delivered audio service and the audio beat the onscreen by 2 seconds. I guess internet delivery will always lag a little. I agree though that it is sometimes better to see the numbers. I like it nice and easy though. Nothing to think about, just click!
  • #26
  • Nov 3, 2006 10:11pm Nov 3, 2006 10:11pm
Ok enough of the pointless posts for me. Here is some advice on news services from a fundamental point of view. I personally find taking technical trades easier if i feel it is in the direction of the fundamentals.

The best news services from the poin of view of keeping up with fundamental information are 4cast and MNI (Market News International) I like MNI because they often publish information on where a large amount of Sell (or buy) orders are placed. I have actually managed to make money by trading off those levels. There commentry on on sentiment is very good as well. As for 4cast I find them to be very good at predicting economic releases ahead of time and their analysis is very good as well.

I get 4cast reports free through the Oanda.com news service. It is very good and a lot of [Oanada] traders dont know it is hidden away. Considering 4cast charge quite a lot for their service getting it free through Oanda is a real bonus.

The news services i have found to be less than good are saxobank and forexTV. I sometimes wonder if Saxobank are just saying things to drive price down so they can get a better fill.

I hope I did not mention too many companies and get this post deleted. LOL!
  • #27
  • Nov 4, 2006 10:08am Nov 4, 2006 10:08am
The best thing for you to do peterfox is to keep a log on FF. Showing how you trade or how the signal providers gives teh signals so you are able to trade. Of course dont advertise the site, just your trades. Go to FF journals and click away, there are always readers there, but advertising is a no-no. Just an idea you should think about, it will keep your record as a trader, which is essential to understanding how you trade in the long run.
  • #28
  • Nov 4, 2006 10:38am Nov 4, 2006 10:38am
Hello Guys

anyidea how many sec you got the news results with Bloomberg and Reuters?

before the news , or in real time , or after news 5 sec ?
Charting Markets into the Future...MǎҖ€¥.
  • #29
  • Nov 4, 2006 10:45am Nov 4, 2006 10:45am
Ive read somewhere on the net that bloomberg and reuters are neck and neck. Sometimes reuters are 2 seconds slower and sometimes reuters doesnt even call the numbers out. Bloomberg seems to be top dog in the industry in news, i wonder what CNN has tosay? but all jokes aside, bloomberg is the best to my limited knowlege. Too bad dishing out 1700 bux for it isnt that great.
  • #30
  • Nov 4, 2006 11:00am Nov 4, 2006 11:00am
Quoting hunter101
Ive read somewhere on the net that bloomberg and reuters are neck and neck. Sometimes reuters are 2 seconds slower and sometimes reuters doesnt even call the numbers out. Bloomberg seems to be top dog in the industry in news, i wonder what CNN has tosay? but all jokes aside, bloomberg is the best to my limited knowlege. Too bad dishing out 1700 bux for it isnt that great.
hello Hunter

So this means if news at 8:30

you got the number at 8:29:58
Charting Markets into the Future...MǎҖ€¥.
  • #31
  • Nov 4, 2006 11:31am Nov 4, 2006 11:31am
I use a news service that give me data 2/3 seconds before the spike. Moreover it has an programmable autoclick function who trades for me.
I "always" am in the market before the first movement, but my problem is ....
Yes, you're right. brokers.
I use an institutional currenex platform and my orders are filled when the first movement (2/4 seconds after putting the order), never before, so I lose the first gap.
This is the true problem, how to get a broker with no slippage, no widen spreads, no requotes, instantaneous execution, ...
This is the authentic holy grial.
  • #32
  • Nov 4, 2006 11:37am Nov 4, 2006 11:37am
Quoting MaXeY
hello Hunter

So this means if news at 8:30

you got the number at 8:29:58
You're right. If the release is at 8:29:59 we can obtain it at "exactly" 8:29:59 and the spike begins at about 8:30:02.
  • #33
  • Nov 4, 2006 12:23pm Nov 4, 2006 12:23pm
Quoting MaXeY
Hello Guys

anyidea how many sec you got the news results with Bloomberg and Reuters?

before the news , or in real time , or after news 5 sec ?
MaXey i get the numbers as soon as they r released.

Sma
  • #34
  • Nov 4, 2006 12:29pm Nov 4, 2006 12:29pm
Sometime news services delays annoucments. The market doesnt react exacty on 8:30:00 on the dot does it? After thenumbers comes out, there is a delayed reaction of 1-2 seconds. Those 1-2 seconds are crital to make it into the spike.

It can be virtually impossible to do a market order right before the spike after the news comes out unless one has bloomberg or reuters or inside info, which gives an advantage of some sort.
  • #35
  • Nov 4, 2006 1:19pm Nov 4, 2006 1:19pm
Quoting MaXeY
hello Hunter

So this means if news at 8:30

you got the number at 8:29:58
you need to understand that most of the ppl here are trading on retail platforms where the quotes have an ridiculous delay, so much so that you can put up an institutional platform next to your retila platform and trade on the retail platform whenever you see the price gap on the institutional platform. If you have access to currenex and you live in the states near their servers, the time delay from when you get data from reuters/bb is a matter of milliseconds. I would love to see any of you get filled on orders at a price before the mkt moves. I'm not saying it can;t be done .. but I doubt anyone here has the necessary resources to do so on a consistent basis
  • #36
  • Nov 4, 2006 1:24pm Nov 4, 2006 1:24pm
Quoting hunter101
It can be virtually impossible to do a market order right before the spike after the news comes out unless one has bloomberg or reuters or inside info, which gives an advantage of some sort.
Neither if one has bloomberg and a reaction time of 0.1 seconds to do a market order. I put them 2 seconds before (by autoclick: 70 ml. seconds of delay measured) and always lose the first gap.
Do anyone know a broker with instantaneous execution, slipage, etc.?
I think there's impossible to get it.
  • #37
  • Nov 4, 2006 2:19pm Nov 4, 2006 2:19pm
Quoting jon167
Neither if one has bloomberg and a reaction time of 0.1 seconds to do a market order. I put them 2 seconds before (by autoclick: 70 ml. seconds of delay measured) and always lose the first gap.
Do anyone know a broker with instantaneous execution, slipage, etc.?
I think there's impossible to get it.
In a previous quote you mentioned you were using currenex. IF this is the case .... all you need to do is look at the trades pane in the bottom right of the gui to see all the prices paid/given when a figure is released. You will no doubt see orders being filled at prices before the mkt moves. If you personally cannot get in then there can be any number of reasons for this
  • #38
  • Nov 4, 2006 4:44pm Nov 4, 2006 4:44pm
Hello

Just simple question i dont understand yet...

When you traded NFP

lets say someone subscribe with Reuters and pays 1500$

so you got the numbers before News Release 2 sec

>> ok you got the number before news 2 sec, so u need to place ur order (2-3sec for your mind to decide long or short) and 2 sec to place the order

total : 5 sec

so u already missed the spike ?!!!!!!!
Charting Markets into the Future...MǎҖ€¥.
  • #39
  • Nov 4, 2006 5:15pm Nov 4, 2006 5:15pm
Quoting MaXeY
Hello

ok you got the number before news 2 sec, so u need to place ur order (2-3sec for your mind to decide long or short) and 2 sec to place the order
total : 5 sec
so u already missed the spike ?!!!!!!!
Yes, but if you get some software to automatize your trade you can place it before the spike. But to be filled before .... it's very, very dificult.
  • #40
  • Nov 4, 2006 5:24pm Nov 4, 2006 5:24pm
Quoting sccz97
In a previous quote you mentioned you were using currenex. IF this is the case .... all you need to do is look at the trades pane in the bottom right of the gui to see all the prices paid/given when a figure is released. You will no doubt see orders being filled at prices before the mkt moves. If you personally cannot get in then there can be any number of reasons for this
Yes, I do. But I can not imagine how can someone put an order before than I do it (70 ms.)
You also use a currenex platform, don't you? Liquidity you see is for your broker or for all users?
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