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how to use the data at the Forex Factory for trading?

  • #1
  • First Post: Oct 17, 2009 11:54pm Oct 17, 2009 11:54pm
hi,newbie here...
i'm using technical analysis for trading,i don't know anything in using the data at the FF calendar for my trading.Actually,what do i need to look at the calendar in opening/considering a trade?
could somebody here pls help me...
Thanks.
  • #2
  • Oct 18, 2009 7:02am Oct 18, 2009 7:02am
As a technical trader you don't need to look at the calendar at all. You should be looking at your charts and nothing else.
  • #3
  • Oct 18, 2009 9:28am Oct 18, 2009 9:28am
Hi there,

you can watch out for important news and be aware of the timing..

spikes may occur during such and hence your technical analysis may be thrown out the window..

you should also pay attention to the forecast and real results.. if something's release is drastic vs the forecast, the price may react strong..

for example interest forecast for currency X remains at 1%.. but a surprise hike to 1.5% comes out... this may cause the currency to rally a hundred pip within mins...

hope this helps..
  • #4
  • Oct 18, 2009 7:08pm Oct 18, 2009 7:08pm
Quoting trading801
Hi there,

you can watch out for important news and be aware of the timing..

spikes may occur during such and hence your technical analysis may be thrown out the window..

you should also pay attention to the forecast and real results.. if something's release is drastic vs the forecast, the price may react strong..

for example interest forecast for currency X remains at 1%.. but a surprise hike to 1.5% comes out... this may cause the currency to rally a hundred pip within mins...

hope this helps..
actually,this is the reason i would like to learn FA,spike!!
sometime,the spike can easily break the strong support/resistance,which i never expect.i hope someone can share what actually do i need to look/consider at calendar.
  • #5
  • Oct 18, 2009 8:21pm Oct 18, 2009 8:21pm
makes no sense looking at those indicators..

if anyone quotes this saying different, then give a logical explanation or S.U. ...
Why do we fall? "So we can learn to pick ourselves up."
  • #6
  • Oct 18, 2009 9:20pm Oct 18, 2009 9:20pm
Quoting ForexDude
makes no sense looking at those indicators..

if anyone quotes this saying different, then give a logical explanation or S.U. ...

Which indicators are you referring?
  • #7
  • Oct 19, 2009 1:05am Oct 19, 2009 1:05am
Quoting ForexDude
makes no sense looking at those indicators..

if anyone quotes this saying different, then give a logical explanation or S.U. ...
what indicator?i'm asking about using calendar in trading.i think you're posting at the wrong thread.
  • #8
  • Oct 19, 2009 9:11am Oct 19, 2009 9:11am
Quoting pali
what indicator?i'm asking about using calendar in trading.i think you're posting at the wrong thread.
The "news" calendar...
Why do we fall? "So we can learn to pick ourselves up."
  • #9
  • Last Post: Edited 9:54pm Oct 22, 2009 9:34pm | Edited 9:54pm
Quoting trading801
Hi there,

you can watch out for important news and be aware of the timing..

spikes may occur during such and hence your technical analysis may be thrown out the window..

you should also pay attention to the forecast and real results.. if something's release is drastic vs the forecast, the price may react strong..

for example interest forecast for currency X remains at 1%.. but a surprise hike to 1.5% comes out... this may cause the currency to rally a hundred pip within mins...

hope this helps..
Pali:

trading80l has given good advise.
The Forex Factory Calendar is a great reference
to check daily before trading.
Click on the box under "detail" and this will
give you information regarding the news
release and the impact its results can have on
trading the respective currency.

..
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