Exit method (NewsTrading)

Hello All!

I'm curious what is your exit method when trading the news? So far I know:

Trailing stop

Planned target point (such as using limit orders)

Manually exit by speculation

Are there other exit methods?

Look for exhuastion in the 15 min time frame or something more exotic like andrew's pitchfolk. Most of time ... I just let it go until the end of the day before I close a position.

On a one minute chart, I keep looking for higher highs (for long positions) or lower lows (for short positions).

When Iam long, and the subsequent bars fails to make a new high, I close my position. This is where the effect of the news is starting to wear off and money is taken away from the table.

Lower lows is used to cover shorts.

If you are using metatrader a good indictator is the juice indicator for exiting a news trade. I was using it for a system I found on SBFX called the stratoblaster system when I first started. I dont trade news anymore but it did do a good job of letting you know when the steam was running out on a move if used on the 5 min charts.

jhanson

can you write how it work

To All:
Seems like most exit methods for newstrading are to manually close position by speculation. However, every method of speculation mentioned here is unique.

To nitman:
Care to explain how you decide when there is an exhaustion? Opposite candle closes? Price movement slows down?

You can find info about juice indicator with screenshots from another forum outside of forexfactory. Not sure if I'm allowed to say which forum. Hint, Metatrader or VT platform forums where coders hang out. Search keyword: juice, stratoblaster, standard deviation (sp?)

All I really know is it measures volatility on each bar or candle. Im not sure what the equation is it uses. Basically when its low it will be red and as volatility increases it will turn yellow then to green and will jump up suddenly. Ive attached a chart below to show it increase and then start to decrease as the momentum of the price stops. Ive only used it on the 5 minute charts.

Sorry about the delayed response I had to work long hours the past 2 days.