Quote:
Originally Posted by pppglowacki
WE do not use nor look at when a news release comes out because most of the traders are already in a trade well before the actual news comes out. thanks for the link though.
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IMHO, looking at the news for the day is the first thing you should do even before analysing the charts, especially when daytrading and using the shallow stops that we use, precisely because of the sudden spike towards our stops that it can cause. I always eyeball the upcoming news and give myself sufficient time till the news for my trade to happen then either i close 30mins before or hold if i think the news will spike things my way. I'd even look for a long trade (for eg.) if i see a news coming in the next 4-5 hours that will cause the market to go bullish. Unless i'm holding a position for longterm, then news has less of an effect. Just my two cents...