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Trade the News With Price Action

  • #1
  • First Post: Nov 4, 2012 6:24am Nov 4, 2012 6:24am
Hello welcome to my first thread in FF, I am a news trader for over 5 years of experience trading the news.

In this thread you will get
1. pre-News analysis
2. Spike Trading
3. News Trading signals

I love trading spike a lot cause it give me money instant and there is no magic in it is either your stop loss hit or you make a lot of pips..

I will post some tradeable news this week so you will get ready for making pips with me

And i will let you understand the price action that i am using here.
  • #2
  • Nov 4, 2012 6:50am Nov 4, 2012 6:50am
This week trade able news

AUD Interest Rate Statement--Previous 3.25 Forecast 3.00

NZD Unemployment Rate--Previous 68% Forecast 67%
Employment Change--Previous -1% Forecast 3%

AUD Employment Change--Previous 14.5k Forecast 0.5k
Unemployment Rate--Previous 5.4% Forecast 5.5%

USD Consumer Confidence--Previous 82.6 Forecast 82.9

Main View on next week currency movement

AUDUSD will be strong in down trend..It is advisable to sell every short price action signal.

USDJPY will be strong in up trend. it is advisable to buy on bullish price action only.

WIll be posting the chart and pre-news and spike analysis 1 hour before the news, if you have any question please you can ask any here.
  • #3
  • Nov 4, 2012 8:02am Nov 4, 2012 8:02am
Hello,
Welcome ı will follow you ı hope you will make pips.
Regards.
Bülent.

Quoting afolabiay
This week trade able news

AUD Interest Rate Statement--Previous 3.25 Forecast 3.00

NZD Unemployment Rate--Previous 68% Forecast 67%
Employment Change--Previous -1% Forecast 3%

AUD Employment Change--Previous 14.5k Forecast 0.5k
Unemployment Rate--Previous 5.4% Forecast 5.5%

USD Consumer Confidence--Previous 82.6 Forecast 82.9

Main View on next week currency movement

AUDUSD will be strong in down trend..It is advisable to sell every short price action signal.

USDJPY will be strong in up trend. it is advisable to buy on bullish price...
  • #4
  • Nov 4, 2012 8:11am Nov 4, 2012 8:11am
Quoting bulent
Hello,
Welcome ı will follow you ı hope you will make pips.
Regards.
Bülent.
Thanks for your response you will surely make some pips
  • #5
  • Nov 4, 2012 8:19am Nov 4, 2012 8:19am
Good stuff, looking forward to hearing more on your news trading and understanding your insight.
Do you place market orders on certain side on the pair and anticipate a breakout?

Cheers,
Pipernet
  • #6
  • Nov 4, 2012 8:27am Nov 4, 2012 8:27am
I am also with you afolabiay ....
  • #7
  • Nov 4, 2012 8:33am Nov 4, 2012 8:33am
Quoting pipernet
Good stuff, looking forward to hearing more on your news trading and understanding your insight.
Do you place market orders on certain side on the pair and anticipate a breakout?

Cheers,
Pipernet
First thank you for subscribing
I don't understand your question do you mean i place pending orders for price to break it out? if that is your question my answer is No i don't trade like that. as far as am concern my trading comprise the total outlook of a country economics in a certain period. so in this part of my analysis i know my pre news trading and my spike trading.. i trade the main news due to surprise by the result of the news. if you understand this let me know or if you have any other question let me know

Best regards
  • #8
  • Nov 4, 2012 8:34am Nov 4, 2012 8:34am
Quoting mujtaba
I am also with you afolabiay ....
thank you, i won't let you down.
  • #9
  • Nov 4, 2012 8:39am Nov 4, 2012 8:39am
Dear Trader,
Most of us, trader affraid of big news but they forgotten that it where all the money is....certaintly one must be able to take higher risk to gain rewards..
Tips from Pro Trader.
1) 5 mins before big news , set 10pips higher on buy and below 10pips lower on sell.
2) Both TP 50pips and SL 50pips. note ratio : 1:1.
3) Direction : one cancel another formula
Note : The above is higher risk for risk taker only.

"If you can't risk, don't trade"
  • #10
  • Nov 4, 2012 8:54am Nov 4, 2012 8:54am
Thanks Afolabiay, my mistake of course, should have said a pending order and not at market. Anyway following on are you are saying that you look for a case where the actual news announcement is some degree different from the forecasted one and trade accordingly? Looking forward to seeing more.

Regards,
Pipernet.
  • #11
  • Nov 4, 2012 8:59am Nov 4, 2012 8:59am
Quoting Fxbay
Dear Trader,
Most of us, trader affraid of big news but they forgotten that it where all the money is....certaintly one must be able to take higher risk to gain rewards..
Tips from Pro Trader.
1) 5 mins before big news , set 10pips higher on buy and below 10pips lower on sell.
2) Both TP 50pips and SL 50pips. note ratio : 1:1.
3) Direction : one cancel another formula
Note : The above is higher risk for risk taker only.

"If you can't risk, don't trade"
i agree with you big news is where all the money is, it moves the market very well..
  • #12
  • Nov 4, 2012 9:03am Nov 4, 2012 9:03am
Quoting pipernet
Thanks Afolabiay, my mistake of course, should have said a pending order and not at market. Anyway following on are you are saying that you look for a case where the actual news announcement is some degree different from the forecasted one and trade accordingly? Looking forward to seeing more.

Regards,
Pipernet.
"look for a case where the actual news announcement is some degree different from the forecasted one"
This is the part of the main news outcome but trading spike and pre-news is not derive from this, in my last reply what i call surprise is in the word i quoted.. if you understand let me know.
  • #13
  • Nov 4, 2012 2:28pm Nov 4, 2012 2:28pm
Quoting afolabiay
"look for a case where the actual news announcement is some degree different from the forecasted one"
This is the part of the main news outcome but trading spike and pre-news is not derive from this, in my last reply what i call surprise is in the word i quoted.. if you understand let me know.



  • #14
  • Nov 5, 2012 11:08am Nov 5, 2012 11:08am
i also follow you.....the first news that you reported should be aud, how do you operate?
  • #15
  • Nov 5, 2012 12:13pm Nov 5, 2012 12:13pm
Quoting iuri76
i also follow you.....the first news that you reported should be aud, how do you operate?
yea the first new is the interest rate statement which is aud and i will be posting what you will do and currency to trade 1 hour before the news.
Thanks for subscribing
  • #16
  • Nov 5, 2012 1:06pm Nov 5, 2012 1:06pm
Quoting afolabiay
yea the first new is the interest rate statement which is aud and i will be posting what you will do and currency to trade 1 hour before the news.
Thanks for subscribing

Is that at 3.30am? I better not go to bed tonight!
  • #17
  • Nov 5, 2012 1:30pm Nov 5, 2012 1:30pm
Quoting jmtini
Is that at 3.30am? I better not go to bed tonight!
yes, you just need to set a reminder that's all
  • #18
  • Edited 10:20pm Nov 5, 2012 8:24pm | Edited 10:20pm
Here is the trade plane for the interest rate statement

pre-News - Sell EURUSD @ 1.2800 Stop Loss 20 pips hold the position till end of eur section

Spike Trading- Sell AUDUSD 20 seconds before the release of the news and put 20 pips stop loss immediately

Main news- Sell AUDUSD if the actual of the news event is 3.00% or less,Take profit around 1.0300 place a stop loss of 30 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 13 KB
  • #19
  • Nov 5, 2012 10:21pm Nov 5, 2012 10:21pm
i lost 20 pips the next trade will be on the price action of this news
  • #20
  • Nov 6, 2012 2:00am Nov 6, 2012 2:00am
Me too.
You have written in post 7 "as far as am concern my trading comprise the total outlook of a country economics in a certain period".
Can we know the sources of your outlook?
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