Pairs for trade the news | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading correlation pairs by using the other pairs 843 replies

Export All pairs or selected pairs to .csv with script 3 replies

Pairs of Currency Pairs 4 replies

Trending Pairs / Ranging Pairs 0 replies

Attachments: Pairs for trade the news
Exit Attachments

Pairs for trade the news

  • #1
  • First Post: May 21, 2007 3:49am May 21, 2007 3:49am
Hi there,

Since few days (weeks) i learn about trading the news. Last week was the first one with real trading ... and with success! (no loss).

I need your opinion about the pairs i decide to trade regards the different news releases. Here is my trading 'style':

(i don't trade the yen)

1. For news from GBP: i trade GBPUSD

2. For news from USD: i trade GBPUSD

3. For news from CAD: i trade EURCAD

4. For news from CHF: i trade USDCHF

5. For news from EUR: i trade EURUSD

6. For news from NZD: i trade NZDUSD

Do you think that I have make the good choice about these pairs?

Thanks for your feedback.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #2
  • May 25, 2007 9:16pm May 25, 2007 9:16pm
imo, we can combo it, should the news release of usd & gbp is near and you think it will go in the same dirrection , pick usd-gbp, .
if it is about oil, somebody ever suggest usd cad, but i still can't figure it out.
  • #3
  • May 25, 2007 11:32pm May 25, 2007 11:32pm
Quoting Gwan
imo, we can combo it, should the news release of usd & gbp is near and you think it will go in the same dirrection , pick usd-gbp, .
if it is about oil, somebody ever suggest usd cad, but i still can't figure it out.
The thing with oil is usually this. Canadian $ often moves with oil, so: Oil up = Cad$ up Cad$ up = USD/CAD down.

There it is. I've told you all that I know.
  • #4
  • May 26, 2007 4:58am May 26, 2007 4:58am
Thanks for your replies.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5
  • Nov 9, 2013 8:18am Nov 9, 2013 8:18am
Have in mind that market makers position themselves correctly at all time...just follow....
The Market pays you to be disciplined
  • #6
  • Nov 9, 2013 11:00am Nov 9, 2013 11:00am
You can try it in Demo account so that if you get the positive results from this strategy then go for this otherwise trade with proper trading plan and strategies that will be more good.
  • #7
  • Nov 11, 2013 7:30am Nov 11, 2013 7:30am
Quoting FerruFx
Hi there, Since few days (weeks) i learn about trading the news. Last week was the first one with real trading ... and with success! (no loss). I need your opinion about the pairs i decide to trade regards the different news releases. Here is my trading 'style': (i don't trade the yen) 1. For news from GBP: i trade GBPUSD 2. For news from USD: i trade GBPUSD 3. For news from CAD: i trade EURCAD 4. For news from CHF: i trade USDCHF 5. For news from EUR: i trade EURUSD 6. For news from NZD: i trade NZDUSD Do you think that I have make the good choice...

For USD news I think EUR/USD works perfectly better than Cable
  • #8
  • Nov 11, 2013 8:15am Nov 11, 2013 8:15am
I suppose that 6 and a half years later Ferrux can write a book on fundamentals trading
  • #9
  • Nov 11, 2013 9:38am Nov 11, 2013 9:38am
Quoting FerruFx
Hi there, Since few days (weeks) i learn about trading the news. Last week was the first one with real trading ... and with success! (no loss). I need your opinion about the pairs i decide to trade regards the different news releases. Here is my trading 'style': (i don't trade the yen) 1. For news from GBP: i trade GBPUSD 2. For news from USD: i trade GBPUSD 3. For news from CAD: i trade EURCAD 4. For news from CHF: i trade USDCHF 5. For news from EUR: i trade EURUSD 6. For news from NZD: i trade NZDUSD Do you think that I have make the good choice...

What's your trading time frame? Are you trading the hourly or the daily? In my decade of trading experience, I can tell you "trading the news" is not the best way to go about trading the markets. You might see short-term success, but there will come a day that it will wipe you clean. Not trying to be a cynic .. just being real.

Good luck!
Matt @ SmartPipping
  • #10
  • Nov 11, 2013 10:17am Nov 11, 2013 10:17am
Quoting Parox
{quote} For USD news I think EUR/USD works perfectly better than Cable
I agree, EURUSD makes for a better pair than cable..
  • #11
  • Nov 12, 2013 4:06am Nov 12, 2013 4:06am
what are the best correlation pairs to trade in the news time ?

i noticed when EURUSD news time EU move suddenly after 1 to 5 min GU follow EU this is good opportunity to make money
  • #12
  • Jun 3, 2014 5:47am Jun 3, 2014 5:47am
Quoting FerruFx
1. For news from GBP: i trade GBPUSD 2. For news from USD: i trade GBPUSD 3. For news from CAD: i trade EURCAD 4. For news from CHF: i trade USDCHF 5. For news from EUR: i trade EURUSD 6. For news from NZD: i trade NZDUSD Do you think that I have make the good choice about these pairs? Thanks for your feedback. FerruFx
Very good choice, except the following:

USD: better USDJPY
CAD: better USDCAD

I am an experienced news spike trader.

Greetings!
  • #13
  • May 24, 2017 6:06am May 24, 2017 6:06am
Quoting FerruFx
Hi there, Since few days (weeks) i learn about trading the news. Last week was the first one with real trading ... and with success! (no loss). I need your opinion about the pairs i decide to trade regards the different news releases. Here is my trading 'style': (i don't trade the yen) 1. For news from GBP: i trade GBPUSD 2. For news from USD: i trade GBPUSD 3. For news from CAD: i trade EURCAD 4. For news from CHF: i trade USDCHF 5. For news from EUR: i trade EURUSD 6. For news from NZD: i trade NZDUSD Do you think that I have make the good choice...

thanks for your information

but still trade with rules or not
  • #14
  • Edited 11:16am May 25, 2017 11:02am | Edited 11:16am
At news trading you want the most liquid pairs. You have to face high spread, slippage, high volatility . . . And you are competing against EA's, algos, co-located services, what a retail broker doesn't provide. So find the most liquid pair wich is affected by the event. Then you will have higher chance to to enter at the price you wanted. Because of these things the USD pairs are the best to trade. Before the news try to estimate the chance of the deviation. There is no point to enter news with low impact, because the low swing doesn't compensate for commission+spread. If you trade low impact news, is similar to enter the market at any random time. Do yout homework, find the history of the last news, and try to estimate.

As I see there are very different news trading strategies, but the most important distinction is the time you enter.

I: ASAP
- you have to estimate the spread, easily can reach 50-150 points at times. There are occasions, when some seconds before the news the spread is over 50 point for seconds. So watch your stop loss. Because of the high spread, the smallest movement can lead to a losing trade.
You don't have time to wait for the economic event, and decide to buy or sell. When the big boys computers process the info, the price is rocketed(or no). You should avoid market order, you are too slow, use only limit orders.

II: After news trade.
- smaller spread, but you trade after the spike. Can be limit or market order as well. I think this requires more research, but you have time to check the surprise factor of the news. I think it is better with some EA as well, but this can be done by the trader as well.

So for ASAP I think EUR/CAD isn't the best choice, and as cgi79 mentioned USD/JPY is a very good pair, usually with large enough swings and better spreads, tha others.


Don't forget your stop loss, always use stop loss at news trading, but can't be too small, because the spread itself can activate it, and stop loss doesn't protect agains't the first tick slippage.

News trading can be profitable even for "small" budget traders, but needs a lot of research.

And a very important thing: use proper ECN broker. Different brokers have different slippage, spread, times between ticks . . . Brokers wich are reliable at normal trading not necessarily are good for trades, where millisecs count. Some broker even freezes the trade at high impact news.

I am a beginner in forex, but I really like the challenge of news trading

And the last very important thing: You can't really practice news trading on demo account. Or you can, and should, but you have to understand, that news trading is the place, where the demo lies with the most trustworthy broker as well. Because demo does'nt simulat slippage. This isn't the brokers fault.
Only my scepticism keep me from being an atheist. Be sceptic ever.
  • #15
  • Jun 29, 2017 5:48am Jun 29, 2017 5:48am
I seem; news trading is too much critical; that’s way traders need to use only comfortable trading pairs for news trading! By the way, I like to use volatile trading instruments for news trading like Gold, GBP/JPY! Because, I have a long experience on news trading and I’m confident enough!
  • #16
  • Jun 29, 2017 6:32am Jun 29, 2017 6:32am
Go through the ForexFactory economic calendar, see which currencies are affected by the high-impact events for the week and trade their most popular pairs.
  • #17
  • Jun 30, 2017 3:24pm Jun 30, 2017 3:24pm
Actually I tend to avoid news trading as much as possible,
unless I see that there are no whipsaws the currency pair I am trading is moving within a single direction
  • #18
  • Jul 1, 2017 6:54am Jul 1, 2017 6:54am
Quoting JamesFaulkn
Actually I tend to avoid news trading as much as possible, unless I see that there are no whipsaws the currency pair I am trading is moving within a single direction
I prefer not to trade during news events, so I use the Forex calendar to find out when I shouldn't trade. But the opposite is also possible.
  • #19
  • Jul 1, 2017 9:08am Jul 1, 2017 9:08am
I can't really understand why a retail forex trader, without a research-team at his disposal, would want to trade the news, rather than taking whatever care he can to avoid it. I feel pretty sure that in the long run such attempts will invariably turn into a triumph of hope over experience, for at least 95% of such traders. I'm also understating it, if anything.
  • #20
  • Jul 7, 2017 7:24am Jul 7, 2017 7:24am
Quoting Quickly
I can't really understand why a retail forex trader, without a research-team at his disposal, would want to trade the news, rather than taking whatever care he can to avoid it. I feel pretty sure that in the long run such attempts will invariably turn into a triumph of hope over experience, for at least 95% of such traders. I'm also understating it, if anything.
I don't understand it either, but if they're successful I don't think our lack of understanding matters. I wouldn't trade news though.
0 traders viewing now