So how will you trade FOMC?

Central Banks & Big Players

US pending home sales was predicted 0.5% up from the previous -1.6%. From 11 am GMT the USD showed strength against all other currencies which is evidenced by the 20 MA on all 5M charts shown below. Actual news released was down at -5.6 which ...

Pre-news sentiment - an alternative to news straddle?

The two charts shown above are illustrations of US new home sales pre-news sentiment and post-news spike. They clearly demonstrate that the pre-news sentiment as represented by the 20 MA was an accurate indicator of the direction of the coming news ...

Pre-news sentiment - an alternative to news straddle?

Knocked up 52 pips on UK GDP despite the neutral news and a whipsaw. I made a note that whipsaw began at precisely 09.29.30. Lucky I entered on the GBP reversal off the 16200 support with a wide stop that escaped the whipsaw.

Central Banks & Big Players

Next up UK GDP at 09.30 GMT.

Central Banks & Big Players

It looks like this is the way to go: http://www.forexfactory.com/showthread.php?t=156106

How to improve news trading strategy

If we are in profit from the French down move it makes sense to bring S/L below B/E and lock in a small profit and stay with it for the German. If the German goes the same way then we are quids in and if it goes the other way we still have a small ...

Central Banks & Big Players

The 20 pip up-move at 7 am is no precursor. I went with that thinking it was an indication of what to expect. But when I saw that French down spike on the 5 sec at 7.58 I cancelled and went south and stayed with it for the German. Came out on top ...

Central Banks & Big Players

OK. Thanks.

Central Banks & Big Players

Which pair are you trading for these releases Tony?

Central Banks & Big Players

Thanks johNal. I saw that and am keen to get in on the act.

Pre-news sentiment - an alternative to news straddle?

That's a good question. How do you know whether to buy the EUR or the USD, and which platform are you using?

Central Banks & Big Players

Those 20 MA's were the true pre-news sentiment indicators. Opening positions in synch with those MA's resulted in this on the attached chart.

Pre-news sentiment - an alternative to news straddle?

I am looking for a consensus on all USD pairs, but today there is none. USD/JPY has been in a strong up-trend since Friday 18th Oct with the JPY still showing weakness. Conversely AUD/USD has been trending up since this morning but may have reached ...

Pre-news sentiment - an alternative to news straddle?

Slippage is a problem with all brokers when volatility is high and many traders orders are being processed all at once, which is what happens at news times. So it makes no difference which broker you are with. It's like a traffic bottleneck. What I ...

Pre-news sentiment - an alternative to news straddle?

Welcome aboard jls. Our next news release to be traded is US new home sales. Its on the Forex calendar for 15.00 UK time. I will trade it and we'll see what happens.

Pre-news sentiment - an alternative to news straddle?

Sorry, but I didn't contribute to this thread to read why we should not trade the news. I'm out of here.

How To Really Improve Your News Trading

I agree. It is a silly challenge. However, I do believe that if a news trader is successful then his/her trades could be shared with those of us who would learn from them. I am testing Henry Liu's news trading EA alongside a manual pre-news ...

How To Really Improve Your News Trading