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Actual indicators?

  • #1
  • First Post: Aug 28, 2006 6:54am Aug 28, 2006 6:54am
Hello people!

I would like to know how to receive the actual indicators, at the same time they are being announced. That way, I will be able to BUY/SELL on time, and know what I'm doing. If I don't know the Actual indicators on time, I don't know what to do and I lose the train. Unfortunately, I don't have bloomberg TV, and internet bloomberg TV doesn't work for me. Also tried IRC newsroom channel, but they hardly ever announce any of the data in forex calendar. Any help would be appreciated!

Thanks!

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Why do we fall? "So we can learn to pick ourselves up."
  • #2
  • Aug 28, 2006 7:11am Aug 28, 2006 7:11am
Quoting ForexDude
Hello people!

I would like to know how to receive the actual indicators, at the same time they are being announced. That way, I will be able to BUY/SELL on time, and know what I'm doing. If I don't know the Actual indicators on time, I don't know what to do and I lose the train. Unfortunately, I don't have bloomberg TV, and internet bloomberg TV doesn't work for me. Also tried IRC newsroom channel, but they hardly ever announce any of the data in forex calendar. Any help would be appreciated!

Thanks!
Unfortunately, the only way you can get this information at the speed you desire is to buy a subscription to Bloomberg - which is quite expensive. You can also try www.tradethenews.com, which is a tad bit slower. But, you're not going to get economic announcements at the speed you need from a free site such as this.

Regards,

stockwet
  • #3
  • Aug 28, 2006 7:24am Aug 28, 2006 7:24am
Do all people who trade through news, buy a subscription to one of these sites?

Or do they believe in Forecast indicators?

What about the other newbies who trade thru news? Do they buy subscriptions too?

If I don't get the Actual information between the first 5 minutes it has been released, then I lose the train.

Thanks.
Why do we fall? "So we can learn to pick ourselves up."
  • #4
  • Aug 28, 2006 7:39am Aug 28, 2006 7:39am
in the next 30 days we plan on releasing actuals within a minute or two of the release. but if you want real-time releases, you have to subscribe to tradethenews, which is about $2,000 per month.
Relax and be happy.
  • #5
  • Aug 28, 2006 8:23am Aug 28, 2006 8:23am
Quoting merlin
in the next 30 days we plan on releasing actuals within a minute or two of the release. but if you want real-time releases, you have to subscribe to tradethenews, which is about $2,000 per month.

Cool Merlin! That will be a nice addition to the site.

I have stopped trading the news (mostly because I've had such a sweet run with GBPJPY I don't need the risk of news trading) but I love watching that line go crazy on my charts every time news comes out.

By the way, I love the forex articles too. I don't know who "editor" is, but that's another nice feature.

Squid
  • #6
  • Aug 28, 2006 8:35am Aug 28, 2006 8:35am
Quoting merlin
in the next 30 days we plan on releasing actuals within a minute or two of the release. but if you want real-time releases, you have to subscribe to tradethenews, which is about $2,000 per month.
Can it possibly get any better?? I mean really, since i started on this forum my trades are now mostly winners, and Im a totally different person.
I dream, therefore I become.
  • #7
  • Aug 28, 2006 9:10am Aug 28, 2006 9:10am
Quoting ForexDude
Do all people who trade through news, buy a subscription to one of these sites?

Or do they believe in Forecast indicators?

What about the other newbies who trade thru news? Do they buy subscriptions too?

If I don't get the Actual information between the first 5 minutes it has been released, then I lose the train.

Thanks.
Not really. A lot of people don't even look at what the news says.

I tested out Trade the News. It was pretty good. I think what they do is have people sit in front of a bloomberg terminal. When the news comes out, they read it and you listen in as it's being read. It's still delayed from bloomberg.

In my news trading, I've observered that the move could start 10-15 seconds before the announcement comes out. Or, it could be a stopout move. It makes it tough to trade on an announcement even if you're delayed by 20 seconds or so.

I'm using CoesFX with metatrader right now. I asked them about their news feed, because I like getting the Thomson Financial news. With MetaTrader, they'll be able to push the news out in 4-5 seconds after it comes through. I'm looking forward to seeing if that pans out.

Regards,

stockwet
  • #8
  • Aug 28, 2006 9:17am Aug 28, 2006 9:17am
Quoting Squid
I love the forex articles too. I don't know who "editor" is, but that's another nice feature.
the editor is, well, thats a secret but he is an active memeber of this forum, you know him maybe he will come out of hiding soon...
Relax and be happy.
  • #9
  • Aug 28, 2006 9:18am Aug 28, 2006 9:18am
Quoting mike w
Can it possibly get any better?? I mean really, since i started on this forum my trades are now mostly winners, and Im a totally different person.


yes, it can, and will, get better
Relax and be happy.
  • #10
  • Aug 28, 2006 9:19am Aug 28, 2006 9:19am
Quoting stockwet
I tested out Trade the News. It was pretty good. I think what they do is have people sit in front of a bloomberg terminal.
they are much more than that. i think they have the top service for trading equities. as for forex though, i think tradethenews is pretty lacking. there isnt a great news service out there for forex, maybe we should create one
Relax and be happy.
  • #11
  • Aug 28, 2006 9:28am Aug 28, 2006 9:28am
Quoting merlin
they are much more than that. i think they have the top service for trading equities. as for forex though, i think tradethenews is pretty lacking. there isnt a great news service out there for forex, maybe we should create one
Yeah, I've thought about the same thing. You really only need a small subset of the announcements going out.

I spoke to CoesFX about their news recently. I'm using their MetaTrader implementation and can't get on to their old system, where they have the news. I miss the Thomson Financial news. One thing that they told me is that with MetaTrader, they'll be able to stream the news in much faster (probably an architecture issue) than their other platform. The delay will be more like 3-5 seconds versus a minute.

Interestingly, I have a good friend that works in this industry. I think they're a Thomson partner. I could find out some more specifics about it if you're interested. Email (stockwet@g m a i l.com) or PM me.

I wonder if there's a way for a MetaTrader user to connect to their own news server. I'm sure they have an API for that. That would make for a sweet add-on service.
  • #12
  • Aug 28, 2006 9:40am Aug 28, 2006 9:40am
Quoting merlin
in the next 30 days we plan on releasing actuals within a minute or two of the release. but if you want real-time releases, you have to subscribe to tradethenews, which is about $2,000 per month.
WOW!!

That sounds excellent!

Thanks Merlin.

And thank you to the other guys for your inputs.
Why do we fall? "So we can learn to pick ourselves up."
  • #13
  • Aug 29, 2006 3:44am Aug 29, 2006 3:44am
*blink*

TTN subscription @ 2k a month?

That's pricier than Bloomberg @ 1.7k a month..

Maybe you mean 200 a month I have a $140 subscription to TTN....
  • #14
  • Aug 30, 2006 10:51am Aug 30, 2006 10:51am
You can always just watch CNBC or Bloomberg TV for free, on the larger news reports NFP, CPI, PPI etc...they have someone reporting the number as it prints.

Or there is always AFX news and 4cast news feed which you can get for free on the Oanda demo or live platform. It is within a few seconds of the print.
Therefore what??
  • #15
  • Aug 30, 2006 11:05am Aug 30, 2006 11:05am
Quoting MichaelFX
You can always just watch CNBC or Bloomberg TV for free, on the larger news reports NFP, CPI, PPI etc...they have someone reporting the number as it prints.
Its not as fast as news wires. Oftentimes, the market have already reacted 20 pips before Rick could raise his Binoculars.

Straddle is still far faster. Hedge is better if you dont want Slippage.
  • #16
  • Aug 30, 2006 11:22am Aug 30, 2006 11:22am
Quoting BurgerKing
Its not as fast as news wires. Oftentimes, the market have already reacted 20 pips before Rick could raise his Binoculars.
True, but Rick's reaction goes a long way in confirming the significance of a miss...
  • #17
  • Aug 30, 2006 12:29pm Aug 30, 2006 12:29pm
Quoting BurgerKing
Its not as fast as news wires. Oftentimes, the market have already reacted 20 pips before Rick could raise his Binoculars.

Straddle is still far faster. Hedge is better if you dont want Slippage.
I'm a little new to this, but I understand what a straddle is. However, can you help me on setting up a hedge?
  • #18
  • Last Post: Aug 30, 2006 3:11pm Aug 30, 2006 3:11pm
You might also want to try News Strike. They read the news, but found it a fraction of a second slower than Reuters and Bloomberg. The main downfall it mainly covers US economic news releases but the main perk is it's a free service. When subscribing they ask for your phone number, honestly I don't know why, maybe a future marketing thing. I haven't received a phone call regarding yet, so will see. Oh, did I mention its free!!
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