Revised 03/11/15
Trading the news can be very rewarding...if done the right way! Here are the rules...
1. Five minutes prior to the high impact news item...Open up your charts and look at the 10 second and the 5 minute time frames
2. Wait for report to be released
3. Once report is released, you will see an initial spike. You will then most likely see a pull back. Watching the 10 second time frame verify direction and then place your order!
4. Keep your position until sideways movement occurs on the 5 minute chart(please see this post for an example----http://www.forexfactory.com/showthread.php?p=8129897#post8129897_
5.PROFIT!!!!!
Good Luck Traders! Please share your results using this system! I look forward to your success!!
Trading the news can be very rewarding...if done the right way! Here are the rules...
1. Five minutes prior to the high impact news item...Open up your charts and look at the 10 second and the 5 minute time frames
2. Wait for report to be released
3. Once report is released, you will see an initial spike. You will then most likely see a pull back. Watching the 10 second time frame verify direction and then place your order!
4. Keep your position until sideways movement occurs on the 5 minute chart(please see this post for an example----http://www.forexfactory.com/showthread.php?p=8129897#post8129897_
5.PROFIT!!!!!
Good Luck Traders! Please share your results using this system! I look forward to your success!!
Good luck and may the odds be ever in your favor!