News trading discussion - continuation

You always beat me ...

Thanks, Travel...

CAD GDP m/m

Magic

Great weekend to everyone.

VVFish,

The Chart is 1 second interval bars so we can see what really happended right before and after the news.
USDCAD was trading above NY, Sydney, Tokyo, Frankfurt open line but below London open!(yellow line 1.3165) right Before news. But 2sec. before 08:29:58 price went up and crossed the london opened line so daily bias was turned into possitive for a day 08:30:00 for 1sec , why this happened, maybe to trick the algos and ea's. If you look at USD/CAD chart with M1 M5 M15 M30 H1 intervals with indicators or ea' & algo would show this close above london open line as a buy(positive)opportinty. But the news was good for CAD so USD shoot down. So how did you predicted that news was going to be positive for CAD and were you really that fast? to click sell button to short USDCAD. Did you really wait for last 2 second to see price to move above london open line.
Have a good weekend

Top events and releases from October 3 to October 9th

UK manufacturing PMI. (Monday, October 3 at 4:30 AM ET/0830 GMT). The manufacturing PMI for the month of September will be released with expectations of a decline to 52.1 from 53.3. The index fell sharply in July to 48.3 as a result of the Brexit vote. This was lowest level going back to September 2013. The market will be sensitive to timely economic data as the economy adjusts to life outside the EU.

RBA interest rate decision (Monday/Tuesday l11:30 PM ET/ 0330GMT): All economist polled by Bloomberg expect the rate to remain steady at 1.5%(the rate was last changed in July from 1.75% to 1.50%). At the last meeting the RBA said:
Recent data suggest that overall growth is continuing, despite a very large decline in business investment, helped by growth in other areas of domestic demand and exports. Labour market indicators continue to be somewhat mixed, but suggest continued expansion in employment in the near term.
Inflation remains quite low. Given very subdued growth in labour costs and very low cost pressures elsewhere in the world, this is expected to remain the case for some time.
Low interest rates have been supporting domestic demand and the lower exchange rate since 2013 is helping the traded sector. Financial institutions are in a position to lend for worthwhile purposes. These factors are all assisting the economy to make the necessary economic adjustments, though an appreciating exchange rate could complicate this.

Australia Retail Sales (Tuesday/Wednesday 8:30 PM ET/0030 GMT). The Australia retail sales for August will be release with expectations for a rise of 0.2% from 0.0%.

CAD employment report (Friday, October 7 at 8:30 AM ET/1230 GMT). This month, Canada release their unemployment statistics on the same day and time of the US employment report. The expectations for change in employment is 7.5 K versus 26.2 K in August. The unemployment rate is expected to remain unchanged at 7.0% and the participation rate is also expected to remain unchanged at 65.5%

US Employment report (Friday, October 7th at 8:30 AM ET/ 1230 GMT). The September US employment report will be released with the expectations for nonfarm payroll to increase by 170 K vs. 151K last month. The unemployment rate is expected to remain unchanged at 4.9%. Average hourly earnings for the month are expected to rise by 0.3% versus a 0.1% in August. With the Fed buying employment and inflation for additional evidence of a stronger economy worthy of a rate rise, the employment report is always an important economic release.

Monday
11:30
10/3/16
GB Industry Activity Index GOOD
(GB Manufacturing PMI), England, GBPUSD
Average reaction when trigger 20.00 points in the first minute after the release.
20% probability trades.

Monday
17:00
10/3/16
US ISM index of business optimism
(US ISM Manufacturing PMI), USA, USDJPY
Average reaction when trigger 25.00 points in the first minute after the release.
20% probability trades.

On news best way trading is to use pending buy and sell order if one excuate then close other use 50 50 pips sl and tp

I would like to see.

Okey I can clearly see that you entered the short 1 second before the announcement and you have got filled.
Was my explanation or(reading the market) close to yours? How is your take on that.

"USDCAD was trading above NY, Sydney, Tokyo, Frankfurt open line but below London open!(yellow line 1.3165) right Before news. But 2sec. before 08:29:58 price went up and crossed the london opened line so daily bias was turned into possitive for a day 08:30:00 for 1sec , why this happened, maybe to trick the algos and ea's. If you look at USD/CAD chart with M1 M5 M15 M30 H1 intervals with indicators or ea' & algo would show this close above london open line as a buy(positive)opportinty"

[quote=Adem71;9174374]{quote} Okey I can clearly see that you entered the short 1 second before the announcement and you have got filled. Was my explanation or(reading the market) close to yours? How is your take on that

No.
You do not see what I see on the chart.

[quote=vvFish;9174408] You always post a chart with session open lines along with wheellbarel ea. Do you look at different charts that you never posted?
Without indicators you can only see price action before the news release which are patterns, price levels, and certain times and actions,trend lines and channells did I miss anything? :-)

[quote=Adem71;9174433] There is not missed, you just do not care (as many).

[quote=vvFish;9174459] I am glad that I did not miss anything but sad for being called careless:-) News trading is totally different than normal trading. I think I can rule-out trend lines and channels easlly unless you use range renko or tick charts because they dont predict anything in news trading.

My best bet would be price levels and certain-times. How price reacts to certain price levels at certain time. Mostly beginning of new sessions and new half hour and 1 hour bars. Can you add your comments on this if you could? Also I confirm with currency futures volume on thinkorswim.