I noticed that in some occasion the breaking news cause a price spike which disrupts my scalping system.
Now I don't want to bitch around but I think this is clearly unfair. If there is a breaking news
which is good for EUR and I was with a limit order to sell, all the others are going to abandon
the ask side of the book, and guess who gets filled, the uninformed trader...
This causes more losses than gains, because if it was the opposite (bad news for EUR) the informed traders would
place sales in front of me..., so I can't just get away with 50/50 chance, it's actually a 100% lose chance.
The price spike happens minuts before the news is officially out through standard news feeds,
so I suspect richer traders have faster feeds (Reuters?).
Obviously someone else bigger is getting to know things before the retail trader
And I am not talking about "scheduled" news, by which I can at least avoid to be exposed.
Maybe I have some expert thoughts about this and maybe a solution , thanks.
Now I don't want to bitch around but I think this is clearly unfair. If there is a breaking news
which is good for EUR and I was with a limit order to sell, all the others are going to abandon
the ask side of the book, and guess who gets filled, the uninformed trader...
This causes more losses than gains, because if it was the opposite (bad news for EUR) the informed traders would
place sales in front of me..., so I can't just get away with 50/50 chance, it's actually a 100% lose chance.
The price spike happens minuts before the news is officially out through standard news feeds,
so I suspect richer traders have faster feeds (Reuters?).
Obviously someone else bigger is getting to know things before the retail trader
And I am not talking about "scheduled" news, by which I can at least avoid to be exposed.
Maybe I have some expert thoughts about this and maybe a solution , thanks.