Hi guys.
I would like to know where you guys look out for live news. The news that i’m following is a 3rd person view meaning that they got the news first than they post it than it comes to me. So im getting the news a bit later than everyone. So if you could share where can i get the live news i would be greatfull. Many thanks!
damnit. people please help. im loosing right now due to late news. like now its about the china helping to boost italy’s debt. where can i get those immediate news?
To be honest I highly doubt the only reason your losing is due to late news. But here are some good resources, dailyfx.com bloomberg tv and financial times. Should be enough to get you off the ground and not be completely off track on the news. Also check the economic calendar at FF they have one here but FFs is more popular.
Just beware: if you are trading the news, then chances are unless you pay £3,000 per month, anything you find on the internet will be slightly lagged, so all the big players will know the news before you … but you’ll see that from the price action reaction (hopefully)
thank you people. yes you are right im loosing not due to late news. but those sudden news that suddenly pop up and im not aware of it. well i think that my technical views is right. but the fundamentals are the ones that moves the candlestick in large pace and im not on guard. anyway thank again.
Weeeeellllll… a good place to get the news in my opinion is forexfactory.com
I think babypips here might have something like that too…but not sure. i always use Forexfactory.com
personally, I’m a huge technical trader (as in it comprises the vast majority of my trading decisions.) other than techs and some sentiment… I don’t really pay TOO much attention to fundamentals in particular.
Maybe it’s just me, but the news spikes usually get me INTO my trades. I kinda wish news spiked markets more often IMO
But at any rate…theres’ the website i use.
Jay
LOL I’m sorely tempted to chime in regarding how the market plays news Jay but after my last ‘mugging’ by some learned chap. I’ll err on the side of caution! LOL!!!
Meh… Ignore the yahoos:D
Speak the truth of experience brutha!
anyway, im using dailyfx, forexfactory and twitter for news. but news like china buying in eur debt or the downgrade of snp, they are the surprised news that suddenly move the market. Im more to technical side of trader. i think my technical view is right and after analysing the market, i tried to refer my analyse with the experts on twitter and dailyfx. and when it matches i enter and out of sudden there is this and that intervention. so yeah, i tried looking for live news that is updated with the current news. tried bloomberg live television once and its great with live news report. but then it seems that i cant click on the link anymore. so now been trying to look for other alternatives live news.
LOL!!! Quite right!.. or at least you would think so? Thing is unless you’ve got a dedicated news feed… $3000 a month… its already old news and factored into the PA already. I’ll go further… big money already knows well ahead of news where its going… good news or bad is used to drive PA in a pre determind direction. Ahem… I was adement I was not going to put myself up for another ‘mugging’ too! LOL!!!
if you could see now. aususd is trading at 0.9881 5 mins ago and the technical showing a bearish signal and now it just shoot up to 0.9930!! sometimes its frustrating looking at this candlestick. btw im using 1hr chart. no updated news. its either miss the waves or i could loose a lot if i enter short at it. gosh. should i cry? nah just got to play smart. it clearly says that its risky anyway.
What technicals were showing bearish signs? I’m not seeing it.
on hourly chart. 10sma is below 20sma. macd crossover and psar is above candlestick. on 4 hour chart stoch is showing overbought level. did i is see it wrongly? correct me if im wrong. or am i seeing the wrong signal?
Nurhakim… I"m going to go ahead and assume that most who have posted don’t have a 3K newsfeed (myself included)… and yet I know some of these folks who have posted here (myself included) are net profitable traders who use primarily technical analysis.
I would consider that you review your trades, and see how many times the news helped you out. All things being equal, if your analysis is sound, then the news should help you an equal amount of times as it hurts you.
I mean, if the news is ONLY hurting you, and NEVER helping you… then something is wrong. Given that over 10,000 trades, some will be long, and some will be short… and some news will be positive, and some news will be negative.
If you could clearly explain how the news is hurting your more than helping you over a large enough sample size, I would be very interested to know how this could be, given that…as I said, the news is either in agreement with your position, or against your position, but over the long run this should be a neutral since it will help you as much as it will hurt you.
I await your response…
Jay
In case for GDP or Retail Sales, those reports are not to be traded that instant, it effects can take place next day.
Regards.
Ahh… guess I should finish reading the most recent post before commenting.
I don’t see the news as your problem here… IMO. It sees your using indicators to try to determine when to buy and when to sell, and in what direction.
I’ll tell you my own personal experience nurhakim with indicators such as moving averages, psar, stochastics, and anything else with a curvy line to it.
I spent at least 2.5 years trying to use indicators such as these to tell me when to buy and when to sell… and I never made a dime doing this.
It wasnt until I eliminiated all indicators and only used support and resistance levels that I drew myself (no indicator please) based on previous market turning points, as well as areas in the market where price would consolidate before making a fast breakout.
I would guess that you have been trading less than one year…am I correct? If so, then you probably have a lot to learn… and I would recommend you get rid of every single indicator you have… use price and price alone, look at multiple time frames, look to see where price clumped together in colsolidation, and where it broke out fast, and try to find some patterns in that.
Again, I love the news these days as it helps get me into many of my trades… but I look at a price chart to help determine where there will be a lot of buy orders, or a lot of sell orders waiting for me to jump alongside with.
And no idicator in the world will tell you where there is a supply or demand imbalance…only a price chart, some horizontal lines, and your experience.
Jay
P.S. Diagonal lines are acceptable too…though I rarely use them. Look for trendline breaks…and then look to go the other way. But if it in ANY WAY makes a curve on your screen… throw it out. it likely won’t help you.
News Follows Price…or at least thats what Ive been told by several profitable traders that I highly respect.
hi jay,
the news did not hurt me…at least not yet. i was taught in my forex course (which i paid 3.5k to learnt) using technical analysis to see where the market goes (actually i learnt more from this site than from my school). this is my steps of trading.
Do my own analysis (with macd,stochacstic,RSI,10 and 20 sma)
What i do here is to determine oversold/overbought, crossover, candlestick pattern and support and resistance.
Check on others what they think about certain currency. (with dailfx and twitter)
Check on calendar what big events today and previous market bias.
Last week, after i determine top and bottom on eurusd, also based on experts top and bottom, i saw it touching the resistance and stochastic is on overbought level with support from RSI showing above level 70. also the market news is saying that eur in huge debt plus it need a bailout. so i put a sell there. what happen next is that it break above the resistance and it goes higher. when i tried to look for any news that can cause the breakout, theres no update on anything. only that on twitter people are saying the obvious that it breaks above the resistance which i can see that.
i just hoping that someone here could recommend any reliable source that could update any surprised news. what i mean is bailout or meeting or any downgrade of credit rating. cause i cant find any of that from forexfactory and dailyfx. their calendar is just the fix event.
Wow… 3.5k to learn about moving averages… man… I"m so sorry to hear that! It always pisses me off to hear about companies charging thousands to teach people what (IMO) is nonsense stuff.
anyway, get a reuters datafeed. u can get one for about $150 a month.
There is a lot more to know about the markets thought than you figured…you have to always keep in mind, once price has made a long, extended move in one direction, it is always vulnerable to move back the opposite way no moatter how much any indicator is pointing in any particular direction.
Anyway, good luck to you,
Jay
oops. maybe i too should read the recent one too.
You are so right im less than a year trader. i will follow your advice and remove those indicator and do my own manual trade. well actually i did that and i gain some profit but others advice putting on those indicator like Stochastic to determine the oversold/overbought level to gain entry a little faster than others. oh and also for trading divergence. if you check on audusd right now on 1hr chart, there is a big divergence for macd and the price level but hey it did not reverse direction!!..maybe not yet.
Anyway do you use the 200sma? cause i see alot of experts using that and i dont know what does it mean.
Jay thanks for the advice. Really appreciate it.
PS: so which site you use for news? 