My news trading experiment -
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thread: My news trading experiment

  1. #11
    Junior Member danielasamir's Avatar
    17
    It was an intriguing reversal was not it! I'm from Sydney, Australia. So occupation numbers come out at 10:30PM Sydney time. After the Euro data was a tiny flat I decided to short Euro at 1.2811. Took profit after Jobs data at 1.2774 - really pleased with that 1
    Each of the forcasts were anticipating job amounts to improve, it was just natural I thought when the numbers did show an improvement. But no need to stick round the trade over the weekend, you never know... so I exited as soon as the transaction started to re-trace a bit. Lucky on this one.

    Good luck everyone! Happy News Trading.
    Big week :
    1: Canada interest rate conclusion
    2: BOE rate choice. Recall last time BOE hiked when nobody expected they would. Should be an interesting trade!

    All of the very best,
    reltom
    Hi

    I do it the old stradle, 2-3 minutes before the news set buy and sell stop orders at 15 pips away from price with 10 pips SL. This way I managed to recover losses and enter profit.
    Cheers

  2. #12
    Hi

    I do it the old stradle, 2-3 minutes ahead of the news set buy and sell stop orders at 15 pips away from price with 10 pips SL. This way I managed to recoup losses and enter profit.
    Cheers
    Yes, the old stradle! Good method. I do something quite similar. Unfortunately for me about a couple of weeks ago I set my SL 12 pips away and as the information was being released the volatility attained my SL and I wound up buying to the wrong direction as the information favoured the EUR This was only one bad encounter. But, I have had a lot of success with this method too. Last time that the BOE raised rates, I used the method and absolutely cleaned up! It was great. Thank you for the reply and best of luck with your trading

  3. #13
    You gotta love NFP, it never fails to disappoint. I've a little guessing game with myself about what the jobs number will print , and I was searching for 117K not bad to be a only off by 11K, much better than ADP.

    On to the trades:
    I only overly 1 now, again the day job:
    I set my limitation buy to the GBP/USD in 1.9032, with a stop in 9060 (right above the regional high at 7:55am ET) and my TP in 1.900.

    This is the reason I did that: what I do is look for on the 5 min chart, a close below the 14WMA and I look for the 240EMA and the 50EMA for direction in the market. Basically the 240 50 were sitting right on top of each other which means to me the guys which are trading the greater time frames have been in agreement in their assessment of price. I also look at the 14CCI, it was at intense and we had divergence in the previous two neighborhood highes. When the news candle could not close over the 14WMA I got up and went and got ready for work and by the time I came back that the transaction was shut.

    This weekend I'll try and figure out my new screen capture program and post some charts.

    Hopey'all got some good pips now!

    Oh, one final thing, I have noticed and I want to do a bit more research on this but nationwide holidays in either the UK or the US produce some wonderful uni-directional moves. As weeks UK vaion showed. Hope to see some of you.

    Have a Fantastic weekend,

    Mike

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