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take look (from henri lui); very good idea
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1376		 Page 1 of 1
Author:  bourgenot [ Thu Jan 10, 2013 12:51 pm ]
Post subject:  take look (from henri lui); very good idea
think very interesting :
www.currencynewstrading.com
Author:  bourgenot [ Thu Jan 10, 2013 12:55 pm ]
Post subject:  Re: take look (from henri lui); very good idea
sorry you have to look :
CNT News Trading EA
Author:  niepce [ Thu Jan 10, 2013 7:37 pm ]
Post subject:  Re: take look (from henri lui); very good idea
To me, stradling/pending orders before news release is the wrong way to trade the news.

The way i trade red news on M5 :
1. Wait for the "news" candle to close. Check news result at the factory*.
2. Put horizontal line on top and on low of this candle wicks.
3. Wait some more, that another candle _closes_ outside the lines. Then trigger a buy or a sell. Never enter before, even if the candle is screaming "buy me".

In case of a buy, SL is on the lower line.
TP is on a 2:1 Risk:reward conservatively, 1:1 aggressively.

Entering after the news gives more confidence, more time, no straddle or whipsaw, not even think about martingale, and usually an almost normal spread. The only thing to fear is a feed freeze, so get yourself a decent ECN.

Price may retrace more often than not during the trade, since many players will bank in their profits.

* Ps : if news release is flat, i.e., identical to forecast, there is no possibility to enter. Close your terminal and go have a coffee, and get ready for the next red news.
Author:  bourgenot [ Thu Jan 10, 2013 10:05 pm ]
Post subject:  Re: take look (from henri lui); very good idea
vive grenoble; je te remercie pour tes conseils, mais ils sont un peut obscurs pour moi (debutant ! mea culpa); pas grave; je retiens par contre le "xmeter (integres)" qui m'a prouvé etre "bien calculé"; au plaisir. (ecris en francais j'espere ne pas etre reprimandé)..
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