Though I have not used it, but I have seen economic calendar with the features like "Market Focus", "Who's Speaking", seems good to know the mood and focus of the market.
For the news trading system I use its very important that I get the mood and the feel of the market for both trading and for the actual numbers, then I can make the right choice for my trades. I'm no expert yet but I usually look at all of the forums and my newswire to get this "feel". If its not strong enough I don't make any trades. I mean sort of anticipation wise. So far I have kept away from news trading since last friday GDP and I feel that waiting all week for this friday is best as everyone seems to be waiting for the jobs number. I will place my trades before the data and hope for a big big move!
Do you also trade UK eco news? (They can move GBP/USD very much).
For the interest rates I might do it but not other data as it doesn't seem to move enough or at least I can't work out in advance when it's likely to do a big move.
Originally posted by jasperforex For the interest rates I might do it but not other data as it doesn't seem to move enough or at least I can't work out in advance when it's likely to do a big move.
OK. What about today? We have both retail sales and jobless claims.
In the end the sales didn't move it much but oil news helped the dollar pick up a little. Gave me the chance to square the downside a few minutes ago for an overall loss of 3 points.
Originally posted by jasperforex In the end the sales didn't move it much but oil news helped the dollar pick up a little. Gave me the chance to square the downside a few minutes ago for an overall loss of 3 points.
Well, GBP/USD moved more than 100 pips, so how come you lost 3 pips?
Licensed Brokers
Linear Mode
