Lets Trade The News V 0.2 !

Before you even start thinking about trading the news please consider what kind of platform should you use. Any retail broker out there will restrict your access to news trading because when they are not able to quickly find the other side of the trade, which is difficult during a macroeconomic report, they will have to take the trade yourselves as a market maker, so your win is their loss. The only good way to trade the news events is to get access to institutional grade trading platforms like Hotspot FXi, LAVAFX, Currenex all working as a ECN. This means you should have a prime broker relationship with an investment bank or company which will act as a prime broker. The minimum account starts usually around 250,000 USD with them and they are offering very very low leverage - your margin requirement is within the 3-5% range. Even with a good platform it is not a piece of cake...

It is my first post here so let me introduce myself - I am Pawel.

Greetings.

Nice Move... +20 For Me

Anyone?

Nice trade for me too - +30 pips. Just hope my broker doesn't steal them from me at 1.30.....

+23
there is a methodology that in big movement is possible to trail stop on 1 m bar.... but is not for my stomach ...

just for note:
if USA PPI is up, CPI is up too and etc.
if PPI is without whipsaw, CPI is same...

in that case today we may expect buy without whipsaw......
or i'm wrong

sorry for my english

regards

ps: spelling and reminder to MaXeY for CPI sheet with scrshot

USD Core CPI......

Diff -0.1%

Got..... +24

Hey Max did u get in before the news? and what broker do u use?

My wonderful broker GFT !

Slip me 36 pips and (because this is not enough....) after I manually close loosing buy position !!! he decide to complete my entry LIMIT order for sell.
And of the top of the spike with loosing long I have and loosing SELL.

Briliant

USD TIC Report.......

I close my account with GFT from 2 months. they not cool at news

Am sorry for u.

Traded TIC

Long Hit... Price Retrace -10
Short hits..... +15


Total: +5

USD Industrial Production m/m....

have no enough info about this...... 'll stay away !

i dont use news service so i straddle, and in some news wait the number then decide

My news source:
easy-forex
teamspeak
commentary news

about broker am using IBFX, but they widen too much, i widen my stop-loss to avoid them

still search for good broker

USD Housing Starts.....

Housing Starts Didnt included in our file, seems be cool news to trade... still seaching for some history data...

Hi MaXeY,

I'm trying to build some tools that make it easier for everybody to trade news with MetaTrader or get signals to trade with other platforms. I need input from professional folks like you though. Could you visit the thread and help me out with my intention:

http://www.forexfactory.com/forexfor...ad.php?t=10272

Thanks in advance,
Al

Thanx Mate,

I vote... Yea 'll be Great.

GET a GUN and shoot the person who recommended GFT for news trading. Your a musketeer, get a rusty musket instead! That should be fun!

I lost about $700 to this cheating broker!
Maxey lost all his account.

Anyone recommending GFT for news trading, I will shot him myself.
GFT is 100% NOT FOR TRADING NEWS!
GFT is for TA only. But why will you trade TA with them? Their spread is not tight! I would trade TA with OANDA instead.

This is personal. I hate GFT cheating money out of the hapless traders! And they'll tell you its their RULES!

hey burger only 250$ :

How about NorthFinance
Anyone use NF for news trading so far?

Hi everyone, I am sorry i didn't read anything of the thread there, and I am sorry for my bad english, for those who are interested in trading the news, here is a story with some important tips...

Well I have been trading forex for a bit more then one year now, I am 23 ( still young ^^) and i questioned myself about many things on forex, until the day i thought, what about trading the news... You have to know that before trading the news, I lost some money and made some money, thx to the technicals, I didn't care about the news, the news were something dangerous for me. Then one day, I was loosing quite a bunch of money, i thought, hey what about straddling the news, in the company where i worked, all the orders were filled up instantly, it was great. So before any NFP or retail sales or whatsoever, i d put my entry stop order, 5 points up and 5 points down, 10 secs before the news, it was pretty stressful, and can you imagine that, no freeze, now spread widening, no slip, no nothing... if the market moved 45 pips in the first shot... i d get 40 wherever it went... i didnt know yet it was the dream of many traders... hahaha I wouldnt even know the result of the news.... and you know what was even better... it s that on each of these i had a nice little trailing stop, 5 points away from my position, which would help me in case of fast returns spikes... So it went on and on for a month or so... and suddenly, the soft started freezing and not taking my orders at the desired price... it was the end of the eldorado. I have to admit that after three weeks, I thought... I am the new warren buffet of the forex hehehe. Well anyway now, the dealer is always after me and I dont trae the news anymore ( although I use the *** news terminal which is quite fast) i had 2 chances to enter the market before the spike, but usually its slower then the spike.

>The point of the story is that, this forex compnay where I was in was quite young and maybe not experienced about the traders who want to trade the news... So according to this experience, I sent one of my traders ( hehehe yes I do have some guys trading under me !! ) to another of that newbie company which isnt aware of such things, there it worked 3 times and then we lost half of what we profited so we left... We tried again in some other companys, but it s difficult to find newbie company with 5 points entry limit and trailing stops which fills your orders on the news. I am still in the research of such company, where the opportunity disappears really fast!!

Anyway for anyone who is trying to trade the news I wish you good luck. For the moment i gave up and trade only fundamentals with technicals, kind of mix, it s not as exciting and rewarding as trading the news, but still forex is like a dream tool for me... still 2 years ago I was wondering what kind of investment would be the best .... etc...

As it s not the subject here, I will post in another thread, how to make a lot of momney with some easy to trade currencys etc... and give you a winning technique amongst many others...

Have an exciting day trading!!!

CHeers

Bigbrotheriswatchingyou