for each important news on gbp, usd, cad

I will give you my previsions on wether it s bad or good. For each prevision i will trade.

I enter the market 5 minutes before the news

Exit as soon as the spike is done.

Set a stop loss 50 pips away.

Today I will only study CAD wholesales.

happy trading.

Looking foreward to yoyur results. The news has eaten me up and spit me out so good luck.

Hehe, you always have to know where to stop and how much you risk on such conditions.

Actually for me, trading the news is not such a big deal.

All you have to know is:

- no sensed broker will let you straddle an economic release with out applying a large spread or slippage ( if he lets you, keep it as a secret as long as possible and trade as much as possible)

-news trading is the same as normal trading, excpet that you will know the issue of your trade faster ; ) ( thats why i like news trading)

-dont try to enter just before the spike, because you might have problems with the spread or slippage

-dont set your stop loss to close from your positioins ( 30 pips at least) otherwise it will be to easy for your broker to manipulate the price and take your stop loss before shooting in the right direction

-be ready to loose sometimes, because it s trading, it s about probability

-know how much you want to risk, know that in the news period no stop loss or limits are usually assured by your broker

-dont take the news perido as an easy money making, but take it more like the most volatile time in the forex market, the right time to make fast profits fast losses.

-finally if you dont trust your broker, dont trade the news. It means that your broker has to fill your stop/limit/trailing price 20 seconds to 1 minute after the economical release.

I started trading like this since last week, 5/5, but I know that i will mistake sometimes.

happy trading

here is a thread that will lead your trading techniques, not bad

http://www.forexfactory.com/forexfor...ead.php?t=5938

I dont know much about this gbp news, but it looks to me that the news wew have tonight shouldnt move that much... I dont understand anything about it... so it will be a no trade for today.

i have longs on gbpjpy, will keep them.

happy trading

as i thought it didnt move a pip

it doesnt matter unless you are taking a position with more than 20 k USD.

most of the time 10 plus spread will do - it depends on the wersion of a straddle, for more volatile pairs 15 plus spread is OK.

have a good day

thx dottore for your good reply =)

anyway I dont see so many news these days that i would be able to trade.

when there is one important i will be there!

I don' think there's any important news releases this week, so, theoretically it should be a nice trendy week.

yes there isnt any important news this week
so its danger tarde these days

there is one today 10.30,...but market did already trending it.

I didnt look at any news, but I will keep an eye on the gbp GDP today.

And i will probably go long on gbpjpy =)

happy trading

Thanks for the good thread.