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Do you check news all day?

  • #41
  • Nov 14, 2014 5:22pm Nov 14, 2014 5:22pm
Ya, that's mainly what I have used this site for. It sucks when you think you are getting into a low risk trade, then things start going crazy. I would never have a trade open without knowing what the news schedule is.
Broker: chartsio, Trading Frequency: 1-2 per day
  • #42
  • Nov 18, 2014 12:40am Nov 18, 2014 12:40am
Not exactly all day, but you have to focus on some good resources about analysis and take your decision about Market.
  • #43
  • Nov 18, 2014 9:51am Nov 18, 2014 9:51am
My average trade lasts about 30mins. I always check the news and the news for correlated pairs within 1hr and stay away. Trading news is gambling unless you know the outcome as an insider or have a magic ball that works.
  • #44
  • Nov 18, 2014 10:15pm Nov 18, 2014 10:15pm
Honestly i hate news!
Cause news spikes most of the time ate my stops.
That's why i need to keep eye on it, before placing trade. Its better to avoid taking trades 30 mins before news, if you really don't know what is going to happen.
News can be a game changer.
Discussion is an exchange of knowledge;argument is an exchange of ignorance
  • #45
  • Nov 19, 2014 11:58am Nov 19, 2014 11:58am
Once a day but then again I do not trade on the news, just use it for info, that's about it.
  • #46
  • Nov 20, 2014 6:36pm Nov 20, 2014 6:36pm
My day starts of checking the main news on the currency section of Bloomberg, then heading over to EFX News for a more technical analysis of the pairs I'm looking at trading for the day/week. Market Pulse also covers that area. After which I'll move on over to Zero Hedge for the cynic's view on any CB decision they're looking at scrutinising just to get view beyond the smoke screen.

By that time I'll aim to trade probably 3/4 pairs after which I'll then do my technical analysis and look for setups on the H4 or Daily chart.
  • #47
  • Nov 20, 2014 6:39pm Nov 20, 2014 6:39pm
Oh and I agree with PipPirates, setting up a trade before a big piece of news/data release is a definite no no. Better to wait it out and see how the market recovers after the release. Patience is key!!

Checking the news calendar for the day should always be one of the first things you do ensuring nothing drastic is going to mess with your new setup.
  • #48
  • Nov 20, 2014 11:39pm Nov 20, 2014 11:39pm
For me, I will just follow up with the "big" news, but more importantly, I guess it is important to filter out what you read.

When I just started, I avoided reading the news to stop them from changing my perspective of my technical approach, as the news will act as an 'anchor' in a sense.

Just my 2 cents
  • #49
  • Nov 21, 2014 4:29am Nov 21, 2014 4:29am
If you have the willingness to be a good trader and make a living out of it, leave all those bad habits like trying to decide a trade on news, stop trying insane correlations that don’t even exist (and you think it’s a correlation), and just live your life on charts and can I say it once more? Stop being impulsive and trade only when there is a technical opportunity. You will be amazed how your decision making gets better with time.
Never Gamble Forex
  • #50
  • Nov 25, 2014 8:33pm Nov 25, 2014 8:33pm
The move in the price is all the news you need.

Sure, the news moved the markets but there is no way of telling what the news is going to be and even if you did know the market can react in completely opposite direction. Countless examples of 'despite" beats estimates, price plunges.
  • #51
  • Nov 29, 2014 10:00am Nov 29, 2014 10:00am
I think it depends of your trading system cause if you're trading long term news release don't affect your position much but if you're a scalper or a day trader yeah you have to care about news in my opinion.
  • #52
  • Dec 2, 2014 6:53am Dec 2, 2014 6:53am
would be interesting to compare historical charts of news events with monthly charts when a mojor reversal like what happened this summer occurs, as during the months before the reversal the news events were pushing price up (somewhat) consistently, and after the reversal the news events are pushing price down consistently
  • #53
  • Feb 17, 2015 6:04am Feb 17, 2015 6:04am
Quoting MapleLeaf
I wonder if people who are doing a LIVING OFF FOREX (at least 5K per month) check NEWS all day and base a lot of their decissions on NEWS?.. Sometimes I hear people trade exclusivelly watching the graphics and they hardly check any news to start a trade.. Is that really possible? I'm not really talking about "trading by news".. Just wondering if you take NEWS into consideration and what kind of analysis you apply to news, because sometimes a number doesn't say anything.. For example the same number of UNEMPLOYMENT, can sometimes take the currency...
Who said you need 5k a month to make a living out of forex? The beauty of forex is that you can trade it from anywhere in the world. And there a lot of places where even 1k a month is more than enough to live comfortably.
  • #54
  • Feb 17, 2015 11:00pm Feb 17, 2015 11:00pm
1000 a month is really good, me personally would settle for less, as long as its positive, and yes trading from anywhere any time is one of the advantages of forex.
  • #55
  • Feb 17, 2015 11:29pm Feb 17, 2015 11:29pm
Quoting MapleLeaf
I wonder if people who are doing a LIVING OFF FOREX (at least 5K per month) check NEWS all day and base a lot of their decissions on NEWS?.. Sometimes I hear people trade exclusivelly watching the graphics and they hardly check any news to start a trade.. Is that really possible? I'm not really talking about "trading by news".. Just wondering if you take NEWS into consideration and what kind of analysis you apply to news, because sometimes a number doesn't say anything.. For example the same number of UNEMPLOYMENT, can sometimes take the currency...
I check once a day in the morning, with the calendar at forex factory. I spot only red tag news, paying special attention to speech from central bankers are they usually last a litle bit.

I am trading from the 4hr candle on Tickmill, and never take any position less than 1hr before the news. Should the new be at the same time that the candle's closing, and if it moves the market in the direction of the trend (as I see it), then I may enter even on a 1min chart, but I always will wait for a retracment.
  • #56
  • Feb 26, 2015 7:12pm Feb 26, 2015 7:12pm
Worldwide - in the morning, during the breakfast.
Also I check econimical calendar and wait for this news, it's a Bible for traders)
  • #57
  • Feb 26, 2015 8:43pm Feb 26, 2015 8:43pm
Quoting MapleLeaf
I wonder if people who are doing a LIVING OFF FOREX (at least 5K per month) check NEWS all day and base a lot of their decissions on NEWS?.. Sometimes I hear people trade exclusivelly watching the graphics and they hardly check any news to start a trade.. Is that really possible? I'm not really talking about "trading by news".. Just wondering if you take NEWS into consideration and what kind of analysis you apply to news, because sometimes a number doesn't say anything.. For example the same number of UNEMPLOYMENT, can sometimes take the currency...
Can't spend my whole day looking for news. I just take note of red tag news in the morning, write them down on my trading plan, to remember not to enter a trade with less than 1 hr to go. And that's it.
  • #58
  • Feb 26, 2015 11:57pm Feb 26, 2015 11:57pm
I don't trade based on news but I watch it all the time because it is the news that have the potential to move the price and start a trend, I want to make sure I'm not caught on the wrong side.

I seriously don't know any successful traders who ignore news totally

Its is one thing to follow what is suggested in the news ( sure to get you into trouble), it is quite another to be aware of the market moving events and make trading decisions based on that
  • #59
  • Mar 2, 2015 2:57pm Mar 2, 2015 2:57pm
I never ever check news, they are only there to pull you in the wrong direction so the big institutions and banks can make their big volume trades,
after all, they own the media, if they say the market will go up, you can be pretty sure they want to sell
Bulls are stupid Animals!especially when Im short!
  • #60
  • Mar 2, 2015 3:08pm Mar 2, 2015 3:08pm
yes i do
focus while relaxed to see better
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