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Old 04-06-2007, 07:28 AM
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Default Opinions on this News Trading Strategy

Hello again,

Tried this this past week - worked for me - not BIG profits - small profit - but no overall loss:

Just before News Event opened a position (does not matter - long or short).
Hedge position immediately
Put VERY SMALL Trailing Stops on both positions i.e. Trailing Stops equal to spread or smaller.

Basically - within seconds of the News Event - one of the positions 'spikes' - take profit immediately when spike stops moving. The other position is stopped and loss limited.

Anyone else trade like this?

Advisable?

Shortcomings?

Regards,

Dale.
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