Hi,
How do one trade the news?
I hear people talk about straddle 10 pip above and under last 5 min candle before NFP (just an example). Is this how its done?
Just wondering if someone has some news trading strategies that is somewhat easy to explain and follow.
Maby this has been discussed before in another thread, have been searching but have'nt found any. If there has, please just copy the link and I can read from there!
This NFP, 40 minutes ago, I just used some EMA and SMA to determine a short retracement from the first 30 sec spike. Just luck I guess but I got a 40 pip good one. Think's this kind of strategy is way to risky.
Regards
Jogge
How do one trade the news?
I hear people talk about straddle 10 pip above and under last 5 min candle before NFP (just an example). Is this how its done?
Just wondering if someone has some news trading strategies that is somewhat easy to explain and follow.
Maby this has been discussed before in another thread, have been searching but have'nt found any. If there has, please just copy the link and I can read from there!
This NFP, 40 minutes ago, I just used some EMA and SMA to determine a short retracement from the first 30 sec spike. Just luck I guess but I got a 40 pip good one. Think's this kind of strategy is way to risky.
Regards
Jogge