News with indicator confirmation

Hi,

I always tried to trade GBP/USD when there are news going to be released, this really works but sometimes there are some false signals in the beginning just after the news is released which ended up trading in the wrong direction! I tried to use stochastic but don't seem to work well.

Are there any useful indicators to confirm the direction of the market just before the news is released??? This will be very helpful to me.

Any suggestions. Thanks.

Haha you should throw out those indicators, especially during news releases! You will _NOT_ find any indicator that's useful during news time I'm hundred percent sure about that.
You should use some strangle technique, or maybe autoclick services, maybe fundamental analysis, but stay away from techs in those times

There are a million ways to make money, so if your indicators give you an edge that's fine. But I have to agree - indicators are generally a waste of time. I haven't used any for a few years now. All they do is aggregate price for you; if you can't see what's going on in the chart, you've got bigger problems than you think.

Thanks fo the advise!!! May I check with you one more thing, I realised that GBP/USD price can be affected by news concerning Europe in many ocasion, is that true?

I don't really believe that. Or at least they don't have much of an impact on the cable, but on the fiber. I have to say that those two tend to follow each other in about 80% of the time, that's why it might seem that European news have an effect on g/u.

I think that you should use a good broker (_fast_ reaction time!) and autoclick services, I find them very good (although I don't use any of those services yet, as I haven't find a reliable and fast broker yet).

Good luck mate!