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How do you trade news?

  • #141
  • Jul 13, 2006 4:48pm Jul 13, 2006 4:48pm
Quoting SirPipsAlot
where do you guys get your numbers from, ie NFP and other news related items, the second there released. whenever i see them there always about 30sec later and im already missing out on the opportunity to jump in!!!!
Not a trading comment;however, I want to thank SirPipsAlot for making me laugh my @ss off with the great icon. Man, you look alot like that David Hasselhoff guy. Can you help me meet some of those Baywatch chicks?

.......... please?............
  • #142
  • Jul 13, 2006 4:52pm Jul 13, 2006 4:52pm
Maybe after you go through puberty, but you may never make it that far with all that chain smoking... LOL Scott



Quoting squat1962
Not a trading comment;however, I want to thank SirPipsAlot for making me laugh my @ss off with the great icon. Man, you look alot like that David Hasselhoff guy. Can you help me meet some of those Baywatch chicks?

.......... please?............
  • #143
  • Jul 13, 2006 5:12pm Jul 13, 2006 5:12pm
I use interbankfx and simply put a tight bracket on the long and short side and get an instant fill regardless of the reports outcome. It works everytime and I'm finished trading within 2 minutes.
Trade what you see - Not what you think
  • #144
  • Jul 14, 2006 1:50am Jul 14, 2006 1:50am
I like to trade the news too

I usually use a signals from (it can help me to predict my target profit and the stradle time)

but sometimes I combine it with an economic calendar from bloomberg, dailyfx and forexfactory

before I found this trade the news method, I use a technical trading but I'm loss with this technical
so now I'm not use a technical again, but I'm using trade the news for my trading and the results is good


^_^

Annie
  • #145
  • Edited 3:20am Jul 14, 2006 1:53am | Edited 3:20am
Annie, I am one of the Moderators and there are a few rules here and one of them is that posts cannot contain promotions or links until the poster has 50 posts. It is an anti spam measure. I hope you understand.. thanks
much, Scott


Quoting annie_82
I like to trade the news too

I usually use a signals from (it can help me to predict my target profit and the stradle time)

but sometimes I combine it with an economic calendar from bloomberg, dailyfx and forexfactory

before I found this trade the news method, I use a technical trading but I'm loss with this technical
so now I'm not use a technical again, but I'm using trade the news for my trading and the results is good


^_^

Annie
  • #146
  • Jul 14, 2006 2:55am Jul 14, 2006 2:55am
Quoting smjones
Annie, I am one of the Moderators and there are a few rulles here and one of them is that posts cannot contain promotions or links until the poster has 50 posts. It is an anti spam measure. I hope you understand.. thanks
much, Scott
I'm sorry Jones, because I haven't read the rule. Ok. I'm not post a link

thank you
  • #147
  • Jul 14, 2006 8:10pm Jul 14, 2006 8:10pm
Quoting annie_82
I like to trade the news too

I usually use a signals from (it can help me to predict my target profit and the stradle time)

but sometimes I combine it with an economic calendar from bloomberg, dailyfx and forexfactory

before I found this trade the news method, I use a technical trading but I'm loss with this technical
so now I'm not use a technical again, but I'm using trade the news for my trading and the results is good


^_^

Annie
HI Annie,
Do not trade the news 100%. You must master on the TA also because there is a day without news.
I practically same as u. I'm not trade base on TA but sometimes need to go to TA for the explaination.
Keep it up.
  • #148
  • Jul 14, 2006 10:57pm Jul 14, 2006 10:57pm
Quoting falcon232
For the successful news traders here:

1) What are your success rates?
2) What else do you look forward to trade besides NFP and Interest Rate Announcments?

Thanks.
1) ~85%. I haven't lost a news trade since April.
2) PPI, CPI, Existing/New home sales, PCE deflator, GDP, Tertiary Index (jpy)and any one-off geopolitical event.
  • #149
  • Jul 15, 2006 1:31am Jul 15, 2006 1:31am
Quoting jonas
HI Annie,
Do not trade the news 100%. You must master on the TA also because there is a day without news.
I practically same as u. I'm not trade base on TA but sometimes need to go to TA for the explaination.
Keep it up.
thank you for the suggestion

but I'm not trade everyday, if on that days there is no important news I'm not trade

I'm only trade on important news that have a volatile expected
  • #150
  • Jul 16, 2006 12:05am Jul 16, 2006 12:05am
Quoting Darkstar
1) ~85%. I haven't lost a news trade since April.
2) PPI, CPI, Existing/New home sales, PCE deflator, GDP, Tertiary Index (jpy)and any one-off geopolitical event.
Nice Darstar, I admire U. Mind to list which site that can be refered to trade the news.
Thanks in advance
  • #151
  • Jul 16, 2006 12:50pm Jul 16, 2006 12:50pm
For you news traders who trade on stricly news breakouts. Anybody still licking his wounds after this one?? A little recap....US retail sales disappoints big time on friday....The pound breaks upward 20 pipa in line with bad US data but then collapses 100 pips 10 minutes later.

The first up arrow represents the time 8:30 am EST july 14as retail sales data is released. The down arrow is what took place 10-15 mintutes after news breaks. REMEMBER that news dissapoints but the dollar remains strong after a false upward breakout on GBP/USD

Summitfx....how did your tight bracket stragety work on this one. I assume you place entry stop orders on each side of the market.

Does anybody care to discuss what happened here. Why did GBP/USD fall 100 pips after very weak and dissappointing dollar data?
Attached Image
  • #152
  • Jul 16, 2006 2:11pm Jul 16, 2006 2:11pm
Quoting wryan
Does anybody care to discuss what happened here. Why did GBP/USD fall 100 pips after very weak and dissappointing dollar data?
Because nobody gives a crap about retail sales numbers when a major geopolitical event is occuring.
  • #153
  • Jul 16, 2006 7:13pm Jul 16, 2006 7:13pm
As a newstrader, retail sales was not on my schedule this month (or last month, or the month before that, or the one before that, or the one.... you get the idea). Personally I spent the day in Boston visiting BU with my son, the "Rising Senior"...got to spend all these profits on something!!!

Just information; not a recommendation. :-)
  • #154
  • Jul 16, 2006 8:03pm Jul 16, 2006 8:03pm
Quoting MoneyMa$ter
As a newstrader, retail sales was not on my schedule this month (or last month, or the month before that, or the one before that, or the one.... you get the idea). Personally I spent the day in Boston visiting BU with my son, the "Rising Senior"...got to spend all these profits on something!!!

Just information; not a recommendation. :-)
What are the top news events each month that you look forward to trading? Or that you make the most profits out of?

J
  • #155
  • Jul 17, 2006 7:57am Jul 17, 2006 7:57am
Quoting jlowder
What are the top news events each month that you look forward to trading? Or that you make the most profits out of?

J
Hey J,

First, over a period of time I monitored primarily US and Canadian news events for the purpose of measuring movement. For example, in June 2006 Non-farm productivity moved the market 70 pips on June 1, Non-farm payroll moved 200 pips on June 2, Bernanke's comments moved 60 pips on June 5, Canadian bldg permits moved USD/CAN 60 pips on June 6, US initial jobless claims moved 30 pips on June 8, and so on. The market gave me 14 news announcements in June that moved GBP/USD and USD/CAN nearly a 1000 pips. Note that these movements occured immediately following the news release, exclusive of retracements which would add another several hundred pips easily.

Second, from the universe established by monitoring, I select those events which consistently move the markets at least 40 pips. That results in 6-10 news events I consider major including the NFP, US PPI, US CPI, CAD CPI (moved 60 pips in June and retraced 100), FOMC announcements.

I avoid greed by exercising discipline and executing my trading plan, i.e., trade the 6-10 news events only. Pigs get fat; hogs get slaughtered. Consequently, I don't trade everyday. I have a stable platform and a reliable broker that executes during the news (keyword: during). I also trade multiple standard lots and straddle the currency pair.

Finally, I factor in current events, e.g., wars and rumor or wars, plagues, famines etc. Simple. Straight forward fundamental analysis; no T/A at all. Works for me J. This plan provides 50% - 90% profit in three minutes at most, depending on the number of pips the market moved.

There are other news announcements from overseas but personally I don't care to catch moves and news at 3:30 or 4:30 a.m. For example, GBP/USD moves, sometimes significantly, almost every morning around 2:30 - 3:30 a.m. (all times eastern) news or not. Great if you live in Hawaii; not so great here on the east coast, unless you just can't sleep.

Just information; not a recommendation.
  • #156
  • Jul 17, 2006 7:59am Jul 17, 2006 7:59am
Moneymaster who is your broker?
  • #157
  • Jul 17, 2006 8:02am Jul 17, 2006 8:02am
Quoting Yardie
Moneymaster who is your broker?
FXSol Global Trading System.

Just information; not a recommendation.
  • #158
  • Jul 17, 2006 8:54am Jul 17, 2006 8:54am
Quoting MoneyMa$ter
Hey J,

First, over a period of time I monitored primarily US and Canadian news events for the purpose of measuring movement. For example, in June 2006 Non-farm productivity moved the market 70 pips on June 1, Non-farm payroll moved 200 pips on June 2, Bernanke's comments moved 60 pips on June 5, Canadian bldg permits moved USD/CAN 60 pips on June 6, US initial jobless claims moved 30 pips on June 8, and so on. The market gave me 14 news announcements in June that moved GBP/USD and USD/CAN nearly a 1000 pips. Note that these movements occured immediately following the news release, exclusive of retracements which would add another several hundred pips easily.

Second, from the universe established by monitoring, I select those events which consistently move the markets at least 40 pips. That results in 6-10 news events I consider major including the NFP, US PPI, US CPI, CAD CPI (moved 60 pips in June and retraced 100), FOMC announcements.

I avoid greed by exercising discipline and executing my trading plan, i.e., trade the 6-10 news events only. Pigs get fat; hogs get slaughtered. Consequently, I don't trade everyday. I have a stable platform and a reliable broker that executes during the news (keyword: during). I also trade multiple standard lots and straddle the currency pair.

Finally, I factor in current events, e.g., wars and rumor or wars, plagues, famines etc. Simple. Straight forward fundamental analysis; no T/A at all. Works for me J. This plan provides 50% - 90% profit in three minutes at most, depending on the number of pips the market moved.

There are other news announcements from overseas but personally I don't care to catch moves and news at 3:30 or 4:30 a.m. For example, GBP/USD moves, sometimes significantly, almost every morning around 2:30 - 3:30 a.m. (all times eastern) news or not. Great if you live in Hawaii; not so great here on the east coast, unless you just can't sleep.

Just information; not a recommendation.
Thank you. This is the kind of information I'm looking for. While I'm all for research, I prefer to take my lead from someone who is actually MAKING money in the markets. I feel the need to make this comment as I've noticed some here can get irritable if we don't google information. :-)

So do you then only choose to take 40 pips out of each announcement? What is your straddle entrance criteria (10 pips on other side, 15 - or dependant on current price motion) and do you set stops or just close out once you hit 40 pips?

Do you setup trades on other pairs with high correlations so you can get an extra amount out of the market or do you only stick to the GBP/USD and USD/CAN?

Thanks for the info. It's greatly appreciated.

Jason
  • #159
  • Jul 17, 2006 9:06am Jul 17, 2006 9:06am
Quoting MoneyMa$ter
FXSol Global Trading System.

Just information; not a recommendation.
Thanks a lot... this give me an idea how pro trade the signal. If this concept is profitable, why not we try?
I have 1 question. Sometime right after news the market moves DT as expected .. for 30pips let say.. but afterthat it's start to UT for 100Pips. What do you do if the situation like that?
  • #160
  • Jul 17, 2006 9:46am Jul 17, 2006 9:46am
Quoting MoneyMa$ter
First, over a period of time I monitored primarily US and Canadian news events for the purpose of measuring movement. For example, in June 2006 Non-farm productivity moved the market 70 pips on June 1, Non-farm payroll moved 200 pips on June 2, Bernanke's comments moved 60 pips on June 5, Canadian bldg permits moved USD/CAN 60 pips on June 6, US initial jobless claims moved 30 pips on June 8, and so on. The market gave me 14 news announcements in June that moved GBP/USD and USD/CAN nearly a 1000 pips. Note that these movements occured immediately following the news release, exclusive of retracements which would add another several hundred pips easily.
MM, you just gave away my primary way to trade the news...

If a person simply backtests the news events you've mentioned, they will see there's a ton of money to be made within the first 10 minutes or less. That's why I always talk about the NFP... it shoots far within the first 5-10 minutes. If you can't make money on it, then you shouldn't be trading.

Anyway, good post bro.
Mr. Trend
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