I "mostly" trade news event. I wait for the news release to occure and a jump on the trend. The hard part is knowing when it will pause, stop, reverese, etc, but I have mostly figuered it out. Another important part is that news event (atleast the important ones) follow multiple waves, catching then on the rise and fall is how I make my profits. Most of the time there are only 2 big waves, so 4 trading chances.
Trading the news like this is only problematic when the spreads slip and the delays get out too much out of sync. My account provide keeps the spreads locked so I dont have this problem.
Last edited by Forex4fun; 10-06-2007 at 11:56 PM.
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