*** Question to all those who trade UNDER NEWS ***

Do you set stop entry orders before the information at your desired level or you enter in the market?

Assuming you put entrance ceases, how are you currently orders treated if the market gaps by 20-30 pips?

This whole news thing is one of the few things I'm not getting about FOREX.

By way of example, today I had a brief signal on EURUSD with entrance @ about 2640.

Prices ranged before trade balance announcement, therefore at 8am I removed my stop entries and waited for the information to emerge.

My principle is I only participate to information statements if my order gets stuffed at least 30 minutes prior to the information. If I'm not in the market by then, I will wait another 15-30 mins following the news and wait for volatility to settle down.

By doing this, I capitalized on many opportunities made by news statements and exploit new routines made by high volatility.

But its pretty fruing to sit here and watch the buck make new highs when I had a brief signal...

I dont mean to be too conservative, but that I feel like trading under information is pure speculative trading which doesnt require tech analysis at all.

Here's a thread from Oanda. It's very long. How those guys bash each other over at Oanda (like any other forum however forexintuitive), this one has gone to a very long time so I believe it's alot of really good things in it. http://www2.oanda.com/cgi-bin/msgboa...;f=15;t=004549

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Originally Posted by ;

Do you set stop entry orders prior to the news at your preferred level or you input at market?

Assuming you place entry ceases, how are you orders handled if the marketplace interruptions by 20-30 pips?

This whole news thing is among the few things I am not getting about FOREX.

By way of example, today I had a brief sign on EURUSD with entry @ around 2640.

Prices ranged before trade equilibrium announcement, therefore at 8am I removed my stop entrances and waited for the news to come out.

My rule is that I just participate to news statements if my order has stuffed at least 30 minutes ahead of the news. If I am not in the market by then, I'll wait a second 15-30 mins after the news and await volatility to repay.

By doing this, I capitalized on several chances created by news statements and exploit new patterns created by high volatility.

But its pretty fruing to sit here and watch the dollar make new highs once I had a brief sign...

I dont mean to be too conservative, but I feel as though trading under news is pure speculative trading which doesnt need tech evaluation in any way.

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Yes, is speculative for sure.
But I dont understand, you have to set an arrangement 30 minutes before to be accepted ?!

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Originally Posted by ;

Do you place stop entry orders before the information at your preferred level or you enter at market?

Assuming you place entrance ceases, how are you currently orders handled when the market gaps by 20-30 pips?

This entire news thing is among the few things I am still not getting about FOREX.

For instance, now I had a short sign on EURUSD with entrance @ about 2640.

Prices ranged before trade equilibrium announcement, therefore at 8am I removed my stop entries and waited for the information to come out.

My rule is that I just participate to information statements if my order gets filled at least 30 minutes ahead of the information. If I am not in the market by then, I will wait a second 15-30 mins after the news and wait for volatility to settle down.

Using this method, I capitalized on several chances created by news statements and exploit new patterns created by large volatility.

However, its pretty fruing to sit and see the buck make new highs when I had a short sign...

I dont mean to be overly conservative, but I feel as though trading under information is pure speculative trading which doesnt need tech analysis at all.

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All Currency Market is insecure, why should not news be ?

Im begining to think the information doesnt have anything to do with the industry change. But since there's an event everyone is there to grab it.


It's fun to make more money then you did all week the same time tho

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Originally Posted by ;

This whole news thing is one of the few things I am not getting about FOREX.

....
I dont mean to be too conservative, but that I feel like trading under information is pure speculative trading that doesnt need tech analysis at all.

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Hi
I don't profess to any fantastic knowledge or abilities but beginners like me are advised to stay clear.
I got burnt just on the EUR (read it all wrong) but obtained my losses back along with a bit more shorting the retracement on the Swissie. (James and Dial have just thrown their hands in the air, wondering if they are wasting their time with a few of us LOL). However, I did watch for a pin that developed on the 15 minute chart before I played. (Can I hear another loud sigh?)
I know of at least one full time dealer who never plays the information, you can watch some serious discussions on this link in the discussion.

Https://forexintuitive.com/forex-tra...t-to-fail.html

(Hope that worked)

Peter

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Originally Posted by ;

This is a thread from Oanda. It is very long. How those men bash each other over at Oanda (like any other forum but Currency Market factory), this one has gone on a really long time so I think it's alot of really good things in it. Http://www2.oanda.com/cgi-bin/msgboa...;f=15;t=004549

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Thank you for the link. Interesting to see how this news scalpers trade such volatile markets...

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Originally Posted by ;

yes, is insecure for certain.
But I dont know, you need to put an arrangement 30 minutes before be approved ?!

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In case my system produces a trading signal BEFORE the information, I'm allowed to enter the industry around 30 minutes before news statement.

Lets take EURUSD today as an example.

At 6am ET I had a Brief signal about the EURUSD. Entry level was approximately 2640.

My principles let me seek for entry at that level up to 8am, i.e. 30 minutes prior to trade equilibrium figures being published.

As EURUSD never hit 2640 by 8am, I eliminated my requests and waited for information statement to come out.

At that stage, I am just waiting to see how the market responds to the news and reevaluate the entire picture again following volatily has settled. It takes 15 to 30 minutes for volatility to settle down to normal levels based on the information.

At the moment, after seeing the EURO producing new lows and retracing all of the way back up and make new highs, I'm happy I stayed out of this trade as it might have been a small loser or a scratch at best.

This is how I adjust my trading to significant news announcements. I feel more comfortable trading under speculation and less volatility.

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Originally Posted by ;

all FX is speculative, why shouldn't news be ?

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Absolutely, FOREX is 90% speculation like any other trading instrument.

But I find tech evaluation under news useless. Before significant news costs probably trade within a tight range, therefore I find news investing in a very simple breakout egy that needs many prayers expecting for costs to create a nice run and produce some quick profits.

Nothing against people who trade the news and make money, I really tip my hat at them for being ballsy enough to trade during such explosive moments.

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Originally Posted by ;

im begining to believe the information doesnt have anything to do with the market change. But because there is an event everyone is there to ch it.


It's fun to make more income then you did all week at once tho

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bear in mind that you could also lose all of your weekly gains in a matter of moments...

Ah grasshoppers...

As long as you look at major news (like non-farm self explanatory) as complimentary trip to Vegas but without the free drinks and the cute cocktail chickies, you will be ok.

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Originally Posted by ;

In case my system generates a trading signal BEFORE the news, I'm allowed to enter the industry up to 30 minutes prior to news announcement.

Lets take EURUSD now for instance.

At 6am ET I had a short sign on the EURUSD. Entry level was approximately 2640.

My principles let me seek for entrance at the amount up to 8am, i.e. 30 minutes prior to trade balance figures being published.

Since EURUSD never struck 2640 by 8am, I eliminated my requests and waited for news announcement to come out.

At the point, I am just waiting to find out how the market reacts to the news and re-evaluate the entire image again after volatily has settled. It usually takes 15 to 30 minutes for volatility to settle down to normal levels depending on the news.

At the moment, after seeing the EURO producing new highs and retracing all the way up and make new highs, I'm happy I remained out of this trade as it might have been a small loser or a scratch at best.

This is the way I fix my trading to significant news announcements. I'm more comfortable trading under less volatility and less speculation.

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Im sorry Italiansharp, I cant ch you. You own a broker which does not allow you to put an arrangement just a minute before the news ?!

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Originally Posted by ;

In case my system produces a trading signal BEFORE the information, I'm permitted to enter the market around 30 minutes before news statement.

Lets take EURUSD now for instance.

At 6am ET I had a short sign about the EURUSD. Entry level was around 2640.

My rules allow me to seek for entrance at the level up to 8am, i.e. 30 minutes prior to trade equilibrium figures being published.

As EURUSD never struck 2640 by 8am, I eliminated my orders and waited for information statement to come out.

At the point, I am just waiting to find out how the market reacts to the news and reevaluate the entire image again after volatily has settled. It usually takes 15 to 30 minutes for volatility to repay to normal levels based on the information.

Right now, after seeing the EURO producing new highs and retracing all of the way back up and make new highs, I'm happy I remained out of this trade as it might have been a little loser or a scrape best.

This is how I fix my trading to significant news announcements. I feel more comfortable trading under less speculation and significantly less volatility.

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If you have such a broker then I guess that this broker wants only you cash...

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Originally Posted by ;

Hello
I do not profess to any great knowledge or skills but beginners like me have been advised to remain clear.
I have burned just on the EUR (read it all wrong) but got my losses back and a bit more shorting the retracement on the Swissie. (James and Dial have just thrown their hands in the air, wondering if they're wasting their time with some of us LOL). But I did watch to get a pin that developed on the 15 minute chart before I played. (Do I hear another loud sigh?)
I know of at least a full time trader who never plays with the news, it is possible to watch some critical discussions on this link from the discussion.

Https://forexintuitive.com/forex-tra...and-rates.html

(Hope that functioned)

Peter

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Great link, thank you so much for sharing. VERY INTERESTING DISCUSSION. I'm glad many of the recommendations the experts made belong to my trading style.

I feel much relieved for not investing the news...

The blonde young trader in the video stated that if he's some open position getting into the news, he shuts most of it and retains some receptive contracts FOR THE FUN.

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Originally Posted by ;

Im sorry Italiansharp, I cant get you. You have a agent that does not allow you to put an order just a minute before the information ?!

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No way, my agent is just nice!

I will put orders anytime I wish to, its just my personal trading rules which dont let me trade 30 mins prior to and 30 mins after the information.

Clear today?

I believe what ItalianSharp is saying is that...

He also Places an Entry Stop Order based soley on his system irregardless of any impending news

If the cost doesn't reach trigger his Entry Stop Level at least 30 minutes before a major News Release, he cancells the order and now is solved to wait ~ 45 minutes until he'll consider entering a New Trade.

45 Minutes since 30 Minutes BEFORE release 15 Minutes AFTER Release is his NO NEW TRADE ZONE.

It is not about his Brkr taking 30 minutes to fill a Mkt Order.

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Originally Posted by ;

No way, my agent is just nice!

I can put orders anytime I want to, its only my personal trading principles that dont allow me to trade 30 mins prior to and 30 mins after the information.

Clear now?

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Ah, okay, thats clear now
incidentally , your english is ideal, you lived abroad ?

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Originally Posted by ;

I think what's stating is that...

He Places an Entry Stop Order based soley on his machine irregardless of any pending news

If the price does not reach activate his Entry Stop Level at least 30 minutes prior to a major News Release, he cancells the purchase and now is solved to wait ~ 45 minutes until he will think about entering a New Trade.

45 Minutes because 30 Minutes BEFORE release 15 Minutes AFTER Release is his NO NEW TRADE ZONE.

It is not about his Brkr taking 30 minutes to fill a Mkt Order.

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You couldnt have said it better.

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Originally Posted by ;

ah, ok, thats clear today
incidentally , your english is ideal, you lived abroad ?

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Thanks, yes I lived in the States for 4 years. . .went to college there, then moved to other areas around Europe and today I'm back to Italy...

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