A Good Way to Trade the News

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

A Good Way to Trade the News

Would you like to receive premium offers (available to Myfxbook clients only) to your email?
You can unsubscribe from these emails at any time through the unsubscribe link in the email or in your settings area, ‘Messages’ tab.

Since you’re not logged in, we have no way of getting back to you once the issue is resolved, so please provide your username or email if necessary.

Please enter the details below:

Rating:

Excellent
Good
Average
Bad
Awful
Please Login To Rate

Member Since Dec 30, 2020 1 posts Pullback34 Apr 17 2020 at 10:48

Hi Guys and Girls,

Whats the best way and easiest way to avoid trading the news ?
And how long do you wait till the news is settled down ?

Trading is not about how much you make, but how much you didn’t lose. / Push yourself because, no one else is going to do it for you. Member Since Apr 18, 2020 640 posts AmDiab Apr 26 2020 at 11:56
Member Since Dec 28, 2020 15 posts Hardolian Jun 25 2020 at 08:02
Member Since Aug 27, 2020 774 posts Adribaasmet Jun 29 2020 at 05:51

Pullback34 posted:
Hi Guys and Girls,

Whats the best way and easiest way to avoid trading the news ?
And how long do you wait till the news is settled down ?

It depends on the news type! At least you have to know the news sessions time table! So, use economic calendar!

Member Since May 10, 2020 13 posts Anayallador Jul 21 2020 at 19:57
Member Since Jul 10, 2020 8 posts Mulberry Jul 22 2020 at 13:00
Member Since Apr 30, 2020 2 posts kansasbob Jul 22 2020 at 14:05 (edited Jul 22 2020 at 14:07 )

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

What’s the ‘conventional wisdom’ on how long you should ‘shut an EA’ ahead and after high impact news. Currently set at 4hrs before and after. (News Filter)

Member Since Aug 27, 2020 774 posts Adribaasmet Jul 22 2020 at 14:39

Pullback34 posted:
Hi Guys and Girls,

Whats the best way and easiest way to avoid trading the news ?
And how long do you wait till the news is settled down ?

Use the economic calendar to know the sessions of financial events and then close the chart! It’s simple!

Trade the News Review: An Inside Look at this News Streamer

Trade the News Review

Summary

If you’re a trader in the market then you may have heard of Trade the News. Trade the News is a reputable news streaming platform with many features. Read this review to find out if Trade the News is a good fit for you.

Trade the News

Trade the News is a financial news service platform that focuses on providing concise, actionable headlines to traders as fast as possible. Compared to similar news services, Trade the News boasts extremely fast real-time news and offers headlines across a diverse array of feeds, including equities, commodities, and currencies. In addition, the headlines promoted by the service are to-the-point, making it easier to make fast decisions without poring through paragraphs of text.

Trade the News Pricing Options

Trade the News operates as a subscription service with five pricing tiers for different levels of service. A free trial is available, although note that a LinkedIn profile is required to start the trial.

Trade the News subscriptions start at $150 per month for a text-only service, which provides an online streaming headline service, a financial events calendar, and customizable morning email reports and a morning update tab. For an additional $75 per month, traders get access to Trade the News’ 13F Radar service, which provides headlines and in-depth analysis regarding 13F filings and allows traders to build a custom watchlist that follows 13F filings.

The most expensive service tier costs $350 per month and includes not only the 13F Radar service, but also access to Trade the News’ audio squawk headlines and the ability to ask the service’s analysts questions in a live chat box.

Traders interested in commodities and foreign exchange news will need to purchase a separate – or additional – subscription. This service costs $85 per month for the text-only headline service, or $185 per month for audio squawk and live chat box access.

Trade the News Features

News Feed

The news feed is the heart of Trade the News and is designed for simplicity to make it fast and easy for traders to find the headlines that interest them. Trade the News has two advantages over competitors when it comes to the news feed. First, the headlines are direct and provide the takeaway point front-and-center, rather than presenting cryptic information that requires diving into the full article. This is huge for traders scanning for actionable information. Second, the news updates from Trade the News are significantly faster than from other financial news services – a major consideration for traders trying to profit off of news.

The news feed is searchable via a simple text box, which allows for entering specific stock symbols. The feed can also be filtered by sector or by a custom portfolio, although it does not provide stock scanning tools that would allow traders to filter by fundamentals or price movements.

The news feed is not particularly customizable when it comes to layout, but there is a small panel at the bottom that can be toggled between previews of the article corresponding to a selected headline, 13F filing information showing which institutional investment firms hold the stock referred to in the headline, and simple hourly charts displaying global market data information.

Calendars

The weekly calendar tab shows a simple flat view of all of the financial events of note for the coming week. The calendar can get somewhat since it not only includes major financial events, such as earnings reports, conference calls, and dividends, for example, but also presentations by CEOs to outside groups and numerous minor report releases. However, since the calendar covers an entire week at a time it is a good source of information to plan sectors or equities to watch for the week ahead.

Earnings announcements are included in the weekly calendar but also have a calendar of their own that is somewhat more customizable. Traders have the ability to specify a date range for the flat view version of the calendar or can look at earnings reports on weekly or monthly timescales on a traditional calendar view.

Event Watch & Morning Report

A major advantage of Trade the News is the service’s aggregation of important news at the start of each day. The morning report includes a wealth of general information, starting with summaries of the movements of the major global markets and commodities. The report also includes highlights of large after-market movements, a list of overnight analyst ratings changes, and a list of upcoming earnings reports. Additional morning reports are available for the European and Asian markets specifically.

The event watch report is a PDF published by Trade the News analysts that provides much more detailed information beyond the key highlights covered in the morning report. This report includes information about major news headlines that have the potential to affect markets, news of mergers and acquisitions, and summaries of financial and economic outlook reports for numerous sectors and for countries around the world.

13F Radar

The 13F Radar service, which requires a second-tier subscription, allows traders to see what institutional investors are trading. Trade the News makes it easy to visualize this information by generating pie charts for each 13F filing, allowing traders to see portfolios by sectors at a glance and to click deeper into the top gainers and losers and new holdings for each firm. The list of 13F filings can be sorted according to firms that hold a certain percentage of their portfolio in a chose sector, as well as according to the location and size of firms.

Customization and Saved Layouts

Trade the News does not offer much in the way of customizable windows or saved layouts. However, the tabs are designed in such a way that is friendly for most users and makes it easy to find the most recent information near the top of the page. Users may be frustrated, however, by the inability to open tabs side-by-side within a single browser window.

Trade the News Platform Differentiators

Compared to other financial news aggregation services, Trade the News is faster at putting up headlines, and better at offering concise and actionable headlines. These advantages make a significant difference for traders looking for any edge when using the news as part of a broader trading strategy. In addition, Trade the News offers both wide-view and extremely detailed reports each morning that get traders prepared for the day. Searchable access to 13F filings is also a major advantage of this service, even though this information costs more to access.

What Type of Trader is Trade the News Best for?

Trade the News is best for traders who use financial news extensively as part of their trading strategy. The speed of the news service is a major advantage for traders who are willing to trade on a headline alone, but the cost may not be justified compared to other news services when it comes to traders who prefer to meticulously research an equity after the appearance of a headline. In addition, the global focus of Trade the News may be significantly more suited for traders who are operating in European or Asian markets in addition to the American market.

Traders interested in capitalizing on the information afforded by 13F filings can also benefit from Trade the News thanks to the 13F Radar service. This service allows traders to mimic the moves of large, analyst-driven investment firms, or to check their own trades against what institutional investors are doing.

How to Trade After a News Release

Trading the news after the release can be exhilarating as this is generally a very volatile period. With this in mind, traders need to learn how to navigate such volatile market conditions when prices become erratic by implementing a solid trading plan while adopting sound risk management. This article provides effective tools for traders looking to trade post release.

O ther articles in this series:

Post-release trading strategies

1. Trend following strategy

This strategy involves the use of multiple time frames , as well as, well-defined levels of support and resistance that come into play after a news release.

Traders can adopt this strategy when the current market price is approaching a well-defined level of support or resistance but isn’t quite there yet. The volatility after the news release is likely to push the market toward the trendline. If price respects the trendline, traders can look to trade in the direction of the trend and trade the potential bounce.

The following 4 points are of assistance for this type of trade:

  1. Determine trend direction on a daily chart
  2. Draw support and resistance lines
  3. Select a forex time frame anywhere from 1 – 4 hours
  4. Buy near support in uptrend and sell near resistance in downtrend

Keep in mind that news releases have the potential to break through longstanding levels of support and resistance which underscores the importance of using tight stops when pursuing this strategy.

2. Dual spike breakout strategy

This strategy involves waiting for market volatility to reveal a range before trading a break of that range and makes use of a five-minute chart. For illustrative purposes this section incorporates the US Non-Farm Payroll (NFP) release as this often has the greatest potential to move the market.

After the NFP release, wait 15-minutes for three five-minute candles to close. Take note of the highest price and the lowest price of the three closed candles. Next, place an entry order to go long at the highest price and an entry to go short at the lowest price. Once an order is triggered, targets can be set at twice the distance of the high/low channel while stops can be set above resistance for short trades and below support for long trades .

The disadvantage of this strategy is that volatility can push price above or below the short-term range, triggering an entry order, and then immediately reversing to hit a stop loss.

This strategy can be applied in the following way:

  1. Customize the chart settings to show 5- minute charts
  2. Take note of the highs and lows of the first three candles
  3. Set entry orders when price breaks above or below the range
  4. Set stops and limits
  5. Delete the unfilled order

3. News Reversal Strategy

The market can trade in one direction immediately after a major news release only to reverse and trade in the opposite direction. The reason for this is that large institutions often wait 10-15 minutes for volatility to die down before making large moves.

The news reversal strategy looks to trade the news after the release and focuses on a sudden, sustained reversal in direction after a strong initial move in price.

The reversal could be the result of algorithms or, the market as a whole, feeling that there was an overreaction in price – prompting trades in the opposite direction.

The downside of this strategy is that no reversal takes place and the price continues trading in the direction on the initial spike.

How to implement the news reversal strategy:

  1. Initial spike in price: News with great market moving potential generally lead to a spike in price as the news is released.
  2. Look out for a reversal : Traders can wait 10-15 minutes for the reversal to bring price back to where it was before the release.
  3. Entry: Enter as price breaks above/below pre-release levels.
  4. Set multiple target levels : Seeing that the reversal often maintains its momentum, traders should consider setting multiple target levels. As one is triggered, traders can take profit on half of the position and adjusting the stop on the remaining position to breakeven.

Trading forex after the release: Conclusion

Trading the news after the release can be a more conservative way to approach news trading. This is due to the emotions from the news release subsiding allowing a trader time to plan a technical set up for their trade. Regardless of your trading approach to news trading, risk management and utlizing small amounts or no leverage is critical to maintaining capital in your account to make the next trade.

Please verify you are a human

Access to this page has been denied because we believe you are using automation tools to browse the website.

This may happen as a result of the following:

  • Javascript is disabled or blocked by an extension (ad blockers for example)
  • Your browser does not support cookies

Please make sure that Javascript and cookies are enabled on your browser and that you are not blocking them from loading.

Reference ID: #70b93c70-7b1c-11ea-9bfc-0de34eb27836

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Like this post? Please share to your friends:
Binary Options Trading: Brokers Reviews
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: