Trading the News Questions | Forex Factory

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Trading the News Questions

  • #1
  • First Post: Jun 17, 2007 9:15pm Jun 17, 2007 9:15pm
I have searched the forums up and down and cannot find any information on how to trade the news. If you guys do not mind I would like to ask some questions on how to properly trade the news.

1. What is the exact time does the news come out?
2. What websites or tv are the best to get the news from?
3. What is the exact link for the website where the news is announced?
4. When I visit the website what exactly am I suppose to look for?
5. Actual > Consensus = Go Long ? and vice versa


Are there any websites out there that i can learn from?
Thank you for any responses.
  • #2
  • Jun 18, 2007 4:19am Jun 18, 2007 4:19am
Quoting luke101
I have searched the forums up and down and cannot find any information on how to trade the news. If you guys do not mind I would like to ask some questions on how to properly trade the news.

1. What is the exact time does the news come out?
2. What websites or tv are the best to get the news from?
3. What is the exact link for the website where the news is announced?
4. When I visit the website what exactly am I suppose to look for?
5. Actual > Consensus = Go Long ? and vice versa


Are there any websites out there that i can learn from?
Thank you for any responses.
Answers:
1. Depends. Look at the calendar, that's what it's for.
2. Get it from a news feed. OANDA do one for free (US only..?) on their platform, or you can use someone like tradethenews. (I believe they are an FF sponsor)
3. Most news announcements have their own websites. Use a news feed to get the news. (answers question 4)
5. Not quite as simple as that, otherwise I'd be rich. You have to look at how any specific news release has moved the market in the past, take into account the current economic climate, work out a sensible entry and exit strategy (i.e. don't jump on top of the spike) then back & forward test.

Clear as mud?

Castlemain
  • #3
  • Jun 18, 2007 5:10am Jun 18, 2007 5:10am
information is power
even more usefull if we can use it.

i think better start with what is economic all about, and how the money flow
  • #4
  • Jun 18, 2007 6:12am Jun 18, 2007 6:12am
Trading news releases can be tricky, to say the least. When an economic news report comes out, I usually wait until one minute AFTER the report comes out then trade according to my system. Seems to work so far.
  • #5
  • Jun 18, 2007 11:47am Jun 18, 2007 11:47am
Quoting luke101
I have searched the forums up and down and cannot find any information on how to trade the news. If you guys do not mind I would like to ask some questions on how to properly trade the news.

1. What is the exact time does the news come out?
2. What websites or tv are the best to get the news from?
3. What is the exact link for the website where the news is announced?
4. When I visit the website what exactly am I suppose to look for?
5. Actual > Consensus = Go Long ? and vice versa


Are there any websites out there that i can learn from?
Thank you for any responses.
I trade the news first by sitting on my hands until price completes an inside bar and the spread returns to its default number of pips. I then analyze how and how much trader bias has really been impacted by the news event, and whether or not I want to look for a trade entry appropriate for the risk I will have to take. This approach to trading the news is working pretty well for me. I would rather get a bigger piece of the wild price movement the news has can trigger, but I haven't yet figured out how to do that--broker spread expansions, invalid ranges, requotes, platform freeze ups, etc. considered!
...\larry.bye
  • #6
  • Jun 18, 2007 5:30pm Jun 18, 2007 5:30pm
Quoting mtcdavs
Trading news releases can be tricky, to say the least. When an economic news report comes out, I usually wait until one minute AFTER the report comes out then trade according to my system. Seems to work so far.
When trading the news, I try to see price movement in terms of waves. the first wave belongs to the banks and lunatics who want to jump on top of a spike. I wait for a retrace following the first wave. Then I wait... I wait until the price looks as if it's about to take off again, then I get in.
  • #7
  • Last Post: Jun 18, 2007 5:31pm Jun 18, 2007 5:31pm
Quoting Castlemain
When trading the news, I try to see price movement in terms of waves. the first wave belongs to the banks and lunatics who want to jump on top of a spike. I wait for a retrace following the first wave. Then I wait... I wait until the price looks as if it's about to take off again, then I get in.
for me, timing is everything.
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