how do l know the actual outcome of the news | Forex Factory

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how do l know the actual outcome of the news

  • #1
  • First Post: Oct 3, 2007 9:47am Oct 3, 2007 9:47am
How do l know the actual outcome of the news the result from forex factory is a bit slow
  • #2
  • Oct 3, 2007 12:23pm Oct 3, 2007 12:23pm
Quoting dego
How do l know the actual outcome of the news the result from forex factory is a bit slow
Easy....Pay for a news service or watch price action..... My advice, Don't try to trade the immediate news release!
Fxj
Proper Prior Planning Prevents Piss Poor Performance
  • #3
  • Oct 3, 2007 12:48pm Oct 3, 2007 12:48pm
Quoting dego
How do l know the actual outcome of the news the result from forex factory is a bit slow
Price action after major news can be a very complex mess of spikes up then down two, three or more times or no movement for a while then wham! ect...

These moves are dependent upon not only the news (good or bad) but the price relative to major technical levels. If you want to trade the news it's best to become very intimate with all aspects of the market first. Quite often price will move opposite the expected direction after news, but then move in the expected direction. Very tricky!
  • #4
  • Oct 3, 2007 2:31pm Oct 3, 2007 2:31pm
So far I have never noticed the price move to the opposite direction after the news release. What I have seen until now is the price will go crazy 1-2 seconds before the news release but once the news comes out the price moves to the correct direction. And, have in mind that the news comes out, for example, at 8:30:01 or 8:30:06, very rarely they come out at 8:30:00.

Quoting Micro-MiniMe
Price action after major news can be a very complex mess of spikes up then down two, three or more times or no movement for a while then wham! ect...

These moves are dependent upon not only the news (good or bad) but the price relative to major technical levels. If you want to trade the news it's best to become very intimate with all aspects of the market first. Quite often price will move opposite the expected direction after news, but then move in the expected direction. Very tricky!
  • #5
  • Oct 3, 2007 2:44pm Oct 3, 2007 2:44pm
Quoting damien17
So far I have never noticed the price move to the opposite direction after the news release. What I have seen until now is the price will go crazy 1-2 seconds before the news release but once the news comes out the price moves to the correct direction. And, have in mind that the news comes out, for example, at 8:30:01 or 8:30:06, very rarely they come out at 8:30:00.
MY bad.
Guess I was remembering the rare times that several major news events occured on the same day at different times. If I cared to back up my claims,which I don't, I suppose I could go to BurgerKings news thread. He has screen shots of major news days going back a year or so.
  • #6
  • Oct 3, 2007 3:04pm Oct 3, 2007 3:04pm
Sometimes revisions to previous numbers can spike the price in the opposite direction of the recent news reports. NFP is famous for that.
  • #7
  • Oct 3, 2007 3:37pm Oct 3, 2007 3:37pm
Quoting FrankTheTank
Sometimes revisions to previous numbers can spike the price in the opposite direction of the recent news reports. NFP is famous for that.
Thanks Frank,
Nice Tank BTW

I wonder how someone like damien who's been a member since 2006 and has 10 posts to his credit could have missed.... well, you get the point.

Bottom line: News time is wild and the gravy train gets messy quite often.
  • #8
  • Oct 3, 2007 4:29pm Oct 3, 2007 4:29pm
I think my english are very bad and I cannot explain clearly what I mean.

What I am saying is this, lets say that CPI deviates X% from the expected, if that X is "big" enough is it possible to see a move to the opposite direction? Let me know if that ever happened, please.

Please correct me if I am wrong, it is still my 11th post.

Quoting Micro-MiniMe
Thanks Frank,
Nice Tank BTW

I wonder how someone like damien who's been a member since 2006 and has 10 posts to his credit could have missed.... well, you get the point.

Bottom line: News time is wild and the gravy train gets messy quite often.
  • #9
  • Last Post: Oct 3, 2007 6:08pm Oct 3, 2007 6:08pm
Quoting damien17
I think my english are very bad and I cannot explain clearly what I mean.

What I am saying is this, lets say that CPI deviates X% from the expected, if that X is "big" enough is it possible to see a move to the opposite direction? Let me know if that ever happened, please.

Please correct me if I am wrong, it is still my 11th post.
I don't have stats on news events, and I don't trade news any more. I tried it back in 2003 & 2004.
I just remembered when the Homeland Investment Act of 2003 kicked in. Every major news event during Autumn that went against USD caused the price to move first against the dollar then it came crashing back, taking out stops like you wouldn't believe. Sometimes it would go 200 pips in favor of USD before calming down. What was happening was large businesses were allowed to bring foreign cash holdings back into the US and not pay tax on that money. The brokerages who handled the $$ waited for the opportune moment to inject large sums of USD in the market. That's just one example. I've never trusted news trading since.

That's just my opinion based on my experience. I'm sure others will tell you that trading the news is very possible, but from what I gather, the guys who do it know their stats inside out as well as the technicals.
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