News Boom Strategy

NEWS BOOM STRATEGY

Main think of this strategy, open position before news coming out:

(REASON> hart to open position when news allready came out)

NOTE: PLAYING ONLY HOT NEWS (HPI,PMI, Trade Balance, Retail Sales, Unemployment Claims,
Non-Farm Employment Change,......... ALL HOT, RED NEWS)


1) check the news expectations
2) check the news history on the chart and last deviations
3) fundamental factors
4) open position 1 to 5 minutes before news buy/sell depend of 1,2,3
5) SL and TP depend of 1,2 15 pips SL min, TP min 20 pips.
6) place the order(SL/TP) same time

I'll try to put here some examples>@

How do you know which direction to open in?

Look expectations, and fundamental factors on country>

Look last three news.

in case you have all three minus, big probability next also came out minus (and opposite way).
Try, then you'll know.
Is no 100 % works like all systems.
some examples for this week:
Nationwide HPI m/m will be red(sell gbp)
you can see on history all red and 0
0 - don't move
GBP Services PMI - red sell
if red color dominant sold thad currency.
US ISM Non-Manufacturing PMI green buy usd
and Pending Home Sales m/m don't play ,is a mix
Trade Balance NZD red sell , you can see is no 2 green together for long time

AUD Retail Sales Trend m/m green buy
also check how many pips you could get from last time an what deviation was

I can't explain everything, do it for some time then you'll now, watch a news.
main think fundamentals

Well, I do trade news but I straddle, I don't try to predict the direction.

But if it really is something you have to get a feel for, then, off to the market I go.

How do I identify which pairs to trade in ? Example in calendar if GBP is impacted , which pairs should we trade, likke GBP/USD, GBP/JPY, GBP/CHF , EUR/GBP ?

How do I identify ?

Thanks for helping a newbie

I always using the pair which is have more volotility, check on the chart last news, take mt4, and go back to last release. you can see examples on pictures, go up> I would play EUR/GBP, gbp/usd


If you just start try different strategies. Try on demo.