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News trading Dare to trade the NFP spike or other economic releases? Discuss your news trading strategies here.

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  #1  
Old 20-04-2009, 13:35
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Default introducing newstrading

I recently came in touch with Forex News Trading and noticed an video of Forex Rapid Signaling Software.further I read on this topic of Forex Diamonds and Secret News Weapon.

For those who are interested in News Trading, this could be an interesting way to trade news events.

I personally suscribed with Henry Liu to receive his free newsletters . Henry offers trade calls / buy and sell signals.

I hope to make use of the next trade call at 17.04.2009 /CHF/JPY

Last edited by ishwer; 20-04-2009 at 13:40. Reason: introducing my motives on my first post
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  #2  
Old 27-04-2009, 00:12
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Default

I have been news trading for 3 years...it used to be easy, now it all depends on your broker. If you can find one that fills you then you can make money, of course as soon as they notice you are making money they flag your account, and usually the good fills stop, sometimes they even confiscate your profits. I was part of FXNewsPRo which Henry Liu was a part of and it was a complete waste of time and money.
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  #3  
Old 19-05-2009, 13:58
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Default

Quote:
Originally Posted by magister View Post
I have been news trading for 3 years...it used to be easy, now it all depends on your broker. If you can find one that fills you then you can make money, of course as soon as they notice you are making money they flag your account, and usually the good fills stop, sometimes they even confiscate your profits. I was part of FXNewsPRo which Henry Liu was a part of and it was a complete waste of time and money.
Well I think it is better if you are able to pick up the skill rather than blame on your broker if the trade goes the other way.

I am trying to pick up the skill.
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  #4  
Old 25-05-2009, 14:14
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Join Date: Feb 2009
Posts: 22
Default Spike Trading

You don't know what you are talking about obviously.

You throw that blame game around on me, how cliche.

There are different types of news trading for your information.

I am talking about spike-trading. This is where you have some software
which gets the news very quickly. If there is a substantial deviation
from expectation, then the software will "auto-click" a buy or sell
for the currency which the news will affect, ie UK Retail Sales for
the GBP/USD

Now back in 06-07, you could spike trade even on Oanda, we were
loading up with 10-50 full lots on the important news. I remember once
the BOE did a surprise unexpected interest rate increase, we saw 200
pips in seconds....one member made 80 grand on that one trade. Soon
after Oanda started to widen its spreads during the news.

News spike trading requires a broker to fill you, end of story it is not about
shifting responsibility for your trading on something else besides yourself. I
know that many traders do this, they blame their lack of success on the
signal provider they subscribe to, or the lack or clarity in the strategy they
purchased, anything but to shoulder the responsibility themselves. But for you to throw that one at me in the case of news spike trading, shows what little you know about trading the news. With news spike trading you need a broker with very fast execution and fixed spreads, if you don't have this, you will not succeed. It used to be easy to find, but the brokers got screwed by the spike traders and changed their technology, because essentially it was coming out of their pocket. If you look at Currenex platform next to a bucketshop broker you will notice different prices, this will be exaggerated during the news, so basically the spike trader is taking advantage of this difference, and as the bucketshop has to hedge their exposure, since they are not the real market, any wins from spike trading comes from them. Of course in early 07 many of us did use Currenex on the news, the Big Banks lost out in that case, as our broker was the named counterparty and the Banks noticed several million orders placed in the brokers name on the Tier 1 system, and barked at the broker, the broker then shut down all the accounts.

Of course, I still know brokers that work with spike trading, but I cannot trade 20 full lots anymore, because you have to stay under the radar or
else they will notice and flag your account, they will put you thru the dealing desk where every order has to be 'OK'd' by a human agent.

There are other types of news trading of course, pre-news and afterspike trading. These of course you can learn, they are not dependant on getting a fast fill. So perhaps this is the type of news trading you are referring to. Anyhow try not to be such a self-rightous knobhead and you might learn something before you blow your own horn.

Concerning Henry, I can only advise against his services....as he was involved with the following
Trading System: FXNewsWiz
FXNewsWiz.com - Mr. X Performance
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  #5  
Old 20-08-2009, 10:14
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Default

chill out dont get so upset
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  #6  
Old 14-09-2009, 09:04
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Default

Henry's service was terrible and lost me alot of money.
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  #7  
Old 17-06-2010, 15:12
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Join Date: Jun 2010
Posts: 48
Default

I prefer news trading as it gives me huge scope to try my analytics skills specially whenever there is a news release in US market and UK market.
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  #8  
Old 24-09-2010, 06:54
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Posts: 31
Default

I also prefer new trader and if you want to know more trading system than you can easily agree It used to be easy to find, but the brokers got screwed by the spike traders and changed their technology, because essentially it was coming out of their pocket. If you look at Currenex platform next to a bucketshop broker you will notice different prices, this will be exaggerated during the news, so basically the spike trader is taking advantage of this difference.
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  #9  
Old 13-10-2010, 17:55
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Default

Straddles are really easy to set up and require very little thinking, but it is probably the riskiest method of trading the news. To set up a straddle, you basically put a limit order to go long a few pips above the market before a news report, and simultaneously put in a limit order to go short a few pips below the market.

http://www.ufxbank.com

Last edited by sabrinathomas; 13-10-2010 at 17:59.
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  #10  
Old 21-10-2010, 07:03
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Default

have a look at Newstrader Pro. lots of historical economic release and currency price data for a bunch of releases.

Last edited by nbny53; 21-10-2010 at 07:05.
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  #11  
Old 28-11-2010, 20:09
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Default

I also prefer new trader and if you want to know more trading system than you can easily agree It used to be easy to find, but the brokers got screwed by the spike traders and changed their technology, because essentially it was coming out of their pocket. If you look at Currenex platform next to a bucketshop broker you will notice different prices, this will be exaggerated during the news, so basically the spike trader is taking advantage of this difference
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  #12  
Old 03-09-2011, 21:59
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Default

Its possible to profit with regularity only using news?
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  #13  
Old 16-02-2012, 12:45
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Default Re: introducing newstrading

While trading we have to be updated in terms of market shifts and what is going on at stocks, newstrading is main thing to notice those changes and i am using it to gain profits.
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  #14  
Old 25-08-2012, 11:00
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Default Re: introducing newstrading

News trading can very profitable when done correctly. What matters is how fast you get the news, how fast you are able to react and of course the execution time from your broker.
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  #15  
Old 13-10-2012, 20:43
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Default Re: introducing newstrading

I don't know the details of how to trade with news. I use an economic calendar of a site to get high impact news releases. Before 5 minutes of high impact news releases I place two pending order one but stop order and one sell stop order so that I can catch the spike.
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  #16  
Old 24-10-2012, 07:55
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Default Re: introducing newstrading

The economic calendar should be your best friend. Any news that is indicated as ‘High Impact Expected’ are significant news items that might move the market.

One of my principle that I always hang on to when it comes to trading is ‘Do not predict, always react’. When there is a major news to be released for the currency pairs that I'm interested to trade, I just have to be a little patient and hold back from taking a trade position until after the news is released. Then I would use technical analysis to decide the entries and exits. That's ‘Fundamentally Driven, Technically Executed’.
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  #17  
Old 03-12-2012, 07:58
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Join Date: Nov 2012
Location: Auckland, New Zealand
Posts: 1,604
Default Re: Spike Trading

Quote:
Originally Posted by magister View Post
You don't know what you are talking about obviously.

You throw that blame game around on me, how cliche.

There are different types of news trading for your information.

I am talking about spike-trading. This is where you have some software
which gets the news very quickly. If there is a substantial deviation
from expectation, then the software will "auto-click" a buy or sell
for the currency which the news will affect, ie UK Retail Sales for
the GBP/USD

Now back in 06-07, you could spike trade even on Oanda, we were
loading up with 10-50 full lots on the important news. I remember once
the BOE did a surprise unexpected interest rate increase, we saw 200
pips in seconds....one member made 80 grand on that one trade. Soon
after Oanda started to widen its spreads during the news.

News spike trading requires a broker to fill you, end of story it is not about
shifting responsibility for your trading on something else besides yourself. I
know that many traders do this, they blame their lack of success on the
signal provider they subscribe to, or the lack or clarity in the strategy they
purchased, anything but to shoulder the responsibility themselves. But for you to throw that one at me in the case of news spike trading, shows what little you know about trading the news. With news spike trading you need a broker with very fast execution and fixed spreads, if you don't have this, you will not succeed. It used to be easy to find, but the brokers got screwed by the spike traders and changed their technology, because essentially it was coming out of their pocket. If you look at Currenex platform next to a bucketshop broker you will notice different prices, this will be exaggerated during the news, so basically the spike trader is taking advantage of this difference, and as the bucketshop has to hedge their exposure, since they are not the real market, any wins from spike trading comes from them. Of course in early 07 many of us did use Currenex on the news, the Big Banks lost out in that case, as our broker was the named counterparty and the Banks noticed several million orders placed in the brokers name on the Tier 1 system, and barked at the broker, the broker then shut down all the accounts.

Of course, I still know brokers that work with spike trading, but I cannot trade 20 full lots anymore, because you have to stay under the radar or
else they will notice and flag your account, they will put you thru the dealing desk where every order has to be 'OK'd' by a human agent.

There are other types of news trading of course, pre-news and afterspike trading. These of course you can learn, they are not dependant on getting a fast fill. So perhaps this is the type of news trading you are referring to. Anyhow try not to be such a self-rightous knobhead and you might learn something before you blow your own horn.

Concerning Henry, I can only advise against his services....as he was involved with the following
Very interesting information, will watch out for these kind of brokers from now on. Thank you:D
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  #18  
Old 06-02-2013, 05:12
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Posts: 13
Default Re: introducing newstrading

Quote:
Originally Posted by MakeMeFamous View Post
The economic calendar should be your best friend. Any news that is indicated as ‘High Impact Expected’ are significant news items that might move the market.

One of my principle that I always hang on to when it comes to trading is ‘Do not predict, always react’. When there is a major news to be released for the currency pairs that I'm interested to trade, I just have to be a little patient and hold back from taking a trade position until after the news is released. Then I would use technical analysis to decide the entries and exits. That's ‘Fundamentally Driven, Technically Executed’.
Nice post. ‘Do not predict, always react’ is always quoted by Mario Singh the Forex expert. Sad to say but we are usually driven by our hearts rather than clear minds. If that happens, trading will no longer be trading but a form of gambling instead.
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  #19  
Old 11-09-2013, 13:20
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Join Date: Sep 2013
Posts: 7
Default Re: introducing newstrading

Ok, the time is getting closer. US congress going to vote for military actions in Syria in about 5 hours. What are your forecasts?
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  #20  
Old 30-07-2014, 13:07
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Join Date: May 2013
Posts: 200
Default Re: introducing newstrading

News does have very initial impact on the market and a good trader will always try to make use of such situations.
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