How do you trade news? | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

If you haven't made it yet, what makes you think you will? 212 replies

Trade What You Know and Know What You Trade 4 replies

FX News Calendar as Wallpaper (if you consider news trading) 8 replies

will you trade today ??? Dec 25 ? when will you trade back ? 6 replies

Attachments: How do you trade news?
Exit Attachments

How do you trade news?

  • #321
  • Jul 28, 2006 12:21pm Jul 28, 2006 12:21pm
Money Ma$ter,

Thank you for your reply.

I think you're correct on your appreciation, so I'm going to include the information you suggested as well.

I forgot another important information that should be include: the pair traded!!

Complementing my previous post, today I traded the eurusd: the total profitable movement was 80 pips, the immediate retracement was of 23 pips.

I'm looking forward for everyone's info!

Pablo.
Pablo
  • #322
  • Jul 28, 2006 12:26pm Jul 28, 2006 12:26pm
Quoting trucco
ptejerina, I think Jesseblue is saying something else.

Nobody needs to be attacked here, not Moneymaster, not Jesseblue.

The point is easy. This forum is to share, to help. But to share tools, not easy way to make money.

Everybody has to find his ownsystem, otherwise nobody will ever again earn a penny...
WE CAN'T USE ALL THE SAME WAY OF TRADING...

So now lets go ahead...

2 days ago I also got requotes...but what is the point now to tell you which is my broker or to know which broker is good in news ??

I garantee you that if somebody tells which broker is good in news, this broker will be bad in news in 2 weeks...like happened just with FXS..

So please guys, nobody is there to give us money for free.

Is good to help eachother , but with the tools...not with the system itself...otherwise nobody helps anybody and we will all pay, soon or later..
Trucco, so you think we could accomplish something if I did this investigation in a not so public way?

Pablo.
Pablo
  • #323
  • Jul 28, 2006 12:27pm Jul 28, 2006 12:27pm
[quote=Mykae]
Quoting trucco


I garantee you that if somebody tells which broker is good in news, this broker will be bad in news in 2 weeks...like happened just with FXS..

So please guys, nobody is there to give us money for free.

QUOTE]


BINGO, it would be great if sharing information like that actually worked, but the second everyone knows about it, it's gauranteed not to work anymore.
THe hole purpose of this forum and other is to make money to the owners?

It's not working because the people don't know how to use the information because it looks so simple when somebody else is doing it and it's so hard when you are doing it.

Going from one to another the information is altered. It gets modified and it's a different thing.

A strategy is not a set of rules, is the result of hard working and years of testing/trading/loosing/winning/sceaming..., and for some people is not working because they want to soon to work or they want to work all the time.

And when many people use the strategy and they all say it's not working it becomes universal true: IT'S NOT WORKING. And why? Because everybody say so. Or allmost everybody, and what everybody say must be the truth because everybody's saying that. It doesn't mean that they are not able to use it right, or to test it enough or whatever, it's just not working.
Try hard, think fast, die young
  • #324
  • Edited 12:39pm Jul 28, 2006 12:31pm | Edited 12:39pm
Just some points I've noted from this thread:

 

  1. MM is nice enough to share news trading strategies with us, that is admirable
  2. When losing $300 of YOUR $1000 account, only YOU are to blame
  3. Slippage, requotes during news is a KNOWN risk


Regards,
Divya

Edit:

Oh and one more thing, as far as I understand, news trading has been around forever. So I don't know why people are saying -- OMG MM let OUT OUR SECRETS!!!1111

  • #325
  • Jul 28, 2006 12:32pm Jul 28, 2006 12:32pm
Quoting ptejerina
Trucco, so you think we could accomplish something if I did this investigation in a not so public way?

Pablo.
Exactly ptejerina, it gives you the edge you need to make money. If you share your ideas with just a few people and you work together to make them into a strategy, you have an edge you can make money with. The second you broadcast those same ideas to a very public place, the edge that information originally gave you to make money vanishes. It's not being selfish, it's being logical. After all, exactly whom does it benefit to share your edge with the world if the edge no longer is there when you do?? Great, you've given EVERYONE a way to lose money, what a great gift!

In other words, its good to share basic strategies for other people to use, but its just naive to share all the specifics as well since you are hurting yourself and helping no one.

For example, I commend MM on sharing the news straddle strategy as it CAN BE a profitable strategy. However, if you then say, put a trade exactly 10 pips to either side of the price exactly 1 minute before the news comes out, you have just hurt that specific strategy. The dealing desks, large hedge funds, banks, etc. will now try to shoot the price back 10 pips to take people out 1 minute before news. You just gave them the information they needed to take your money! I've seen this happen multiple times, and each time I have to slightly alter my strategy so that it continues to work.
  • #326
  • Jul 28, 2006 12:37pm Jul 28, 2006 12:37pm
Quoting ptejerina
Trucco, so you think we could accomplish something if I did this investigation in a not so public way?

Pablo.
Hi ptejerina,

No, I think there is no way to go out of this.
Brokers are stonger then us, and the forex machine is a huge devil machine.

To make money you have to be smarter then others. thats it.

And smart is not copying.

Smart is getting the tools and learn to use these.

For me there is no point to make list, especially of the good ones because will become bad aswell.
  • #327
  • Jul 28, 2006 12:38pm Jul 28, 2006 12:38pm
Quoting Mykae
Exactly ptejerina, it gives you the edge you need to make money. If you share your ideas with just a few people and you work together to make them into a strategy, you have an edge you can make money with. The second you broadcast those same ideas to a very public place, the edge that information originally gave you to make money vanishes. It's not being selfish, it's being logical. After all, exactly whom does it benefit to share your edge with the world if the edge no longer is there when you do?? Great, you've given EVERYONE a way to lose money, what a great gift!

In other words, its good to share basic strategies for other people to use, but its just naive to share all the specifics as well since you are hurting yourself and helping no one.
This thread had 23,497 visitors. Good luck to all, we'll bankrupt the brookers soon. We won't loose money, oh no, the brookers will. Come one come all, free money here...
  • #328
  • Jul 28, 2006 12:43pm Jul 28, 2006 12:43pm
Quoting jessieblue
This thread had 23,497 visitors. Good luck to all, we'll bankrupt the brookers soon. We won't loose money, oh no, the brookers will. Come one come all, free money here...
The house never lose. It's not about taking from brokers. It's about taking from others.

This thread is about trading news, so let's stick with the topic.
Try hard, think fast, die young
  • #329
  • Jul 28, 2006 12:43pm Jul 28, 2006 12:43pm
23.000 X all friends X all friends X all friends...

millions!


We are famous !!!!hurra!
  • #330
  • Jul 28, 2006 12:44pm Jul 28, 2006 12:44pm
Quoting jessieblue
This thread had 23,497 visitors. Good luck to all, we'll bankrupt the brookers soon. We won't loose money, oh no, the brookers will. Come one come all, free money here...
Hehe, that last comment reminded me of 'Trading In the Zone' when the guy is trying to give free money to people and no one will accept it Funny book, one of the best for traders as well. (pardon the random gratuitous comment)
  • #331
  • Jul 28, 2006 12:48pm Jul 28, 2006 12:48pm
Quoting dof
The house never lose. It's not about taking from brokers. It's about taking from others.

This thread is about trading news, so let's stick with the topic.
news trading is taking money from brookers. They can't offset the position at those times, so you are taking money from them. This will not work in the long run, if at all. Trading with a good intraday or swing trading system is taking money from the market. Let me guess, your a noob going for quick cash. If you're not willing to put in the work forex will eat you and spit you out fast. Good luck to you.
  • #332
  • Jul 28, 2006 12:51pm Jul 28, 2006 12:51pm
Quoting Mykae
Hehe, that last comment reminded me of 'Trading In the Zone' when the guy is trying to give free money to people and no one will accept it Funny book, one of the best for traders as well. (pardon the random gratuitous comment)
Not at all. It's the first book I read when I started trading. Mark Douglas knew what he was saying, and I'm actually going to reread it now. It teaches all the right stuff.
  • #333
  • Jul 28, 2006 12:55pm Jul 28, 2006 12:55pm
I suggest to finish this thread, so broker's managers and owners can enjoy the week end and relax with wifes..so instead of making 1000 millions a day, they will go back to make 1001 millions a day ahahahahahah

the more you have , the more you are tight...
  • #334
  • Jul 28, 2006 12:57pm Jul 28, 2006 12:57pm
Quoting jessieblue
news trading is taking money from brookers. They can't offset the position at those times, so you are taking money from them. This will not work in the long run, if at all. Trading with a good intraday or swing trading system is taking money from the market. Let me guess, your a noob going for quick cash. If you're not willing to put in the work forex will eat you and spit you out fast. Good luck to you.
As long as is about taking money, it's fine with me.
Try hard, think fast, die young
  • #335
  • Edited 1:22pm Jul 28, 2006 12:59pm | Edited 1:22pm
Quoting dof
As long is about taking money, it's fine with me.
You will take a few times then the brooker will take a whole lot more back. It happened to me. I'm sure you'll be fine though...
  • #336
  • Jul 28, 2006 1:04pm Jul 28, 2006 1:04pm
I've got a question in regards to CPI announcements:
why if the CPI figure comes out greater than expected, it is considered good news for the currency?

As far as I know, CPI is an inflation indicator, so if it rises that means that inflation is rising too.
So what's so good about rising inflation?

Thank you in advance for your clarification, folks.
  • #337
  • Jul 28, 2006 1:07pm Jul 28, 2006 1:07pm
Quoting manul
I've got a question in regards to CPI announcements:
why if the CPI figure comes out greater than expected, it is considered good news for the currency?

As far as I know, CPI is an inflation indicator, so if it rises that means that inflation is rising too.
So what's so good about rising inflation?

Thank you in advance for your clarification, folks.
It means the fed is more likely to increase the federal funds rate...which in turn tightens flow of that currency and makes each individual unit of the currency more valuable. It confused me early on as well, but most scheduled news is measured by the effect it will have on the country's interest rate.
  • #338
  • Jul 28, 2006 1:10pm Jul 28, 2006 1:10pm
Quoting trucco
Hi ptejerina,

No, I think there is no way to go out of this.
Brokers are stonger then us, and the forex machine is a huge devil machine.

To make money you have to be smarter then others. thats it.

And smart is not copying.

Smart is getting the tools and learn to use these.

For me there is no point to make list, especially of the good ones because will become bad aswell.
Trucco,

I agree that you need to have your own strategy. As a matter of fact, I usually trade with classic technical and fundamental techniques using 1 hour and daily charts. In this scenario, the only thing that would matter for me is a good API with excellent charting options, good customer service, and low spreads. That is why I use C M S.

However, I do think there is a lot of extra potential by trading the news. And in this type of strategy, what you need from a broker is completely different: fast order processing speeds, low slippage, guaranteed stop orders, etc. And there must be a broker that is better than others for these characteristics at any particular moment. Maybe this characteristics can change in time, so you can also change broker at that time.

What I want to investigate is the broker, not the system. I pretty much know what system I may be using to complement my old system. However, for the system to be useful I need an adecuate broker.

Pablo.
Pablo
  • #339
  • Jul 28, 2006 1:23pm Jul 28, 2006 1:23pm
Quoting jessieblue
You will take a few times than the brooker will take a whole lot more back. It happened to me. I'm sure you'll be fine though...
Thanx for sharing your experience.
Something that worked 4 u might not work 4 me, and somthing that didn't work 4 u might work 4 me.

This thread starts from the idea that you can make money from trading news. There are people that make a good living trading news.
Try hard, think fast, die young
  • #340
  • Jul 28, 2006 1:26pm Jul 28, 2006 1:26pm
Quoting dof
Thanx for sharing your experience.
Something that worked 4 u might not work 4 me, and somthing that didn't work 4 u might work 4 me.

This thread starts from the idea that you can make money from trading news. There are people that make a good living trading news.
Hey, there are a lot of people making a living by F***ing good looking women on camera. I'm sure we could all do it if we put our collective minds together. I wonder if there are more people who wish they were porn stars than people who wish to make quick easy money in forex. To both kinds, I wish good luck.
0 traders viewing now