Thread: News Boom Strategy

NEWS BOOM STRATEGY

Main Consider the egy, open position before news coming out:

(REASONgt; hart to open position when news allready came out)

NOTE: PLAYING ONLY HOT NEWS (HPI,PMI, Trade Balance, Retail Sales, Unemployment Claims,
Non-Farm Employment Change,.... ALL HOT, RED NEWS)


1) assess the news expectations
2) assess the news history on the chart and continue deviations
3) fundamental factors
4) open position 1 to 5 minutes before news buy/sell rely on 1,2,3
5) SL and TP rely on 1,2 15 pips SL minutes, TP minutes 20 pips.
6) place the order(SL/TP) same time

I'll Attempt to put here some examplesgt;@

I do trade news however I straddle, '' I don't try to predict the direction.

But if it is in fact something you have to have a sense for, then, off to the market I go.

Can you know which path to start in?

Originally Posted by ;

How do you know which path to start in?

Look expects, and fundamental variables on countrygt;

seem last three news.

In case you've got all three minus, large probability alongside came out minus (and reverse way).
Attempt, then you will know.
Isn't any 100% works like all of the systems.
A few examples for this week:
Nationwide HPI m/m will probably be red(promote gbp)
it is possible to see on history all 0 and red
0 - do not move
GBP Services PMI - crimson sell
if crimson color dominant sold thad currency.
US ISM Non-Manufacturing PMI green buy usd
and Pending Home Sales m/m do not play with, is a combination
Trade Balance NZD crimson sell, you can see is no two green together for long time

AUD Retail Revenue Trend m/m green buy
check the number of pips you might get from last time a what variation was

I can't explain everything, take action for some time then you will now, see a news.
Main believe fundamentals

How do I identify which pairs to trade in ? Example in calendar if GBP is affected, which pairs if we exchange, likke GBP/USD, GBP/JPY, GBP/CHF, EUR/GBP?

How do I identify ?

Thanks for helping a newbie

I always employing the pair that is have more volotility, assess on the chart last news, take mt4, and go back to last launch. It is possible to see examples on pictures, go upgt; I would play EUR/GBP, gbp/usd


If you only start try different egies. Attempt on demo.