Thread: how about news trading, can it work?

Assume 1:1 position=acc size, normal MM (2 percent stop/loss)

I only mean using a speedy broker such as ecn / mbtf or intbrk and market order

can it be feasible to ch a ideal direction (I suggest, gt;50% occasions right) and make 50pips each time?

Pls help inform your view by the vote button

Originally Posted by ;

yup those straddle trade are a way to exchange news.... Never been a fan of these , as price can move up 100 pip, ch the long straddle trade then whipsaw back down stop that ine out fill the sell stardlle trade, then whipsaw back up, happened in gj last week... 3 x 100 pip 5 minute candles... couldn't get to a trade... so I just let market settle down and then waited for quantity to inform me what was going on and sold her to get a 200 pip trade in US session

[color=Blue][b]thats PRECISELY why they WORK -- but only in the event that you follow the right...

enjoy and trade well

mp

Originally Posted by ;

yup those straddle trade are a way to exchange news.... Never been a fan of them , as price can move up 100 pip, ch the extended straddle trade afterward whipsaw down stop that ine out fill the sell stardlle trade, then whipsaw up, occurred in gj last week... 3 x 100 pip 5 min candles... couldn't get into a trade... so I just let market repay and then waited for volume to inform me exactly what was going on and sold her to get a 200 pip trade in US session

cant comment on this one as it had been a overnite and I had been already long during the action free of straddle -- shot out the extended and others that were awaiting later, and of course I chose the shorts!

Thanks to the bollinger bands info, I've used keltner bands before that were ok.... I like volume though... I use both vsa and volume foorptint in ninja trader. Nothing like this. I can get into trades on gj with maximum 20 pips drawdown to get 50 - 100 pips trades. There are several ways to skin a

could never secure ninja to utilize my feeds so assaulted it and stuck together with quotetracker, but agree completely -- there are various ways to dress your mistress (and vice versa!)

I utilize the bols ONLY for their support and resistance lines and ignore the rest of the time -- every stage I trade has at least 5 areas of significance, and I put trades for every one of the tp points. If Im not being lazy, I will take the on the retrace and average down to the upside continuation -- depends on how I feel!

From the way check out EJ daily bollinger bands 2 standard deviations 21.... Time to sell about today for 500 pip trade.
Not overly excited about EJ past 125.34 with the potential to hit 124.88 later in the move -- dont like the remaining strenth of the move that im seeing -- will need to break 128.50 strongly for me to remain through all of next week since I believe we see topside before going way down.

Enjoy and exchange well

mp

I used to fear the dreaded NEWS RELEASE! Now I fear that my Platform will disconnect and also my EA won't profit as much as possible.EA trading has released me from,ME! In truth,I fear that my Broker will'invent a reason to not release my own profit. I dont watch CNBC check out the Calendar for News Releases. I am satisfied with observing that crazy EA do its job-again and again. I luv 8:30 am! Slow and steady, I think, are to FOREX success. Articles MP.