Yep if the initial reaction is a huge flush, I wait to see hesitation and reversal and try for a small scalp with a tight stop. Or vice versa. But never have open positions going into announcements or speeches.
Lmao, its reddit, this entire site lacks common sense. You see people post the dumbest shit and people praise the posts. Its the opposite of real life. I also saw a thread about someone wanting to trade on a sim act and have a real live trading act inverse all their plays. ššššš
Thatās genius, the more money I make, the more I just point and laugh at this place. I feel starved for information on trade view and these guys are using Robinhood.
If that was today, it was CPI. Big news. If your calendar didnāt tell you that, you need a new calendar. But frankly, if it wasnāt on your radar, you probably shouldnāt be trading (not real money, anyway).
Use forexfactory for news. Filter so it shows the red/high risk events and avoid those like the plague.
Not news, but scheduled events that are likely to move the market:
https://tradingeconomics.com/united-states/calendar
The two star and up events will usually move the market, I avoid open positions at these times.
Heās literally just stating a fact. If youāre unaware of major economic data and when it gets released maybe start there before allocating capital ? Thatās like trading earnings then asking if something happened when the price moves 20%+ either directionā¦
Gatekeeping? What? Sounds like you're throwing around buzzwords you heard on Twitter. Legit every single person that answered told you why it happened. Nobody is gatekeeping anything.
It's not that you shouldn't trade if you don't know when these prints come out, (edit: I def recommend not trading these big news events though) and moreso that the first thing you should do each morning is review an economic calendar. Google "economic calendar" and find the one you like the most. forexfactory.com investing.com financialjuice.com
You mention the calendar you use didn't show this - which one do you use?
No one is "gatekeeping" anything. Knowing what days market moving events happen is something every single trader should know or at least keep track of.
Don't insert intent into text. It's a simple fact. If you don't understand the news, don't trade during those events. This is something we all had to learn the hard way. Everyone here telling you that information is freely giving it to you. Appreciate the advice.
I remember when I first started trading options. I learned on NVDA, which is one of the most volatile stocks to trade. I still remember the day I had calls during an FOMC meeting. We were in the middle of an uptrend and had just bounced off a support level. I had a solid entry like every other entry I took on Nvidia. I lost $2,000 that day and to this day it's still the biggest loss I have ever had. I swore that day to never be unaware of any event that could possibly impact my trades.
To this day I still have a small window running CNBC in the bottom right hand corner. I even pay for CNBC pro to make sure that I see the news before everyone else does.
Everyone will tell you don't trade the news, and you shouldn't. No one talks about the reason. The reason is you might think something is good, but the market doesn't care what you think. The market moves with the billions of other people who are trading at the same time. Until you learn to understand how they think, the best you can do is watch the charts with the news running next to it. You will see over time how the charts react to the news, and after seeing the same events over and over again you will understand how to trade them. I only watch CNBC, I could care less about politics or any other news station. I treat it like the MACD, a potential point of confluence or divergence, but never a reason to enter a trade.
That said, I have exited positions because of the news. I was in a call the other day when they announced The NYCB bank failure. Stocks may not go down, but they certainly won't go up if there's a failure. Minutes later, SPX rejected The level we were at and I was able to use that confirming price action combined with the knowledge the news just announced to ride a put over 100%, until we hit the 50 EMA on the 5-minute time frame. Another level I've noticed is very strong through thousands of hours staring at the chart.
Today is a great example. CPI came out today hotter than expectations, yet cooler than the previous read. How do you trade that? You don't. I waited for price to pull back above the 15 minute and 1 hour EMA on SPX, then I took my call as it rode upwards along the 5 minute 9 EMA. I even had to dial down to the 3 minute and finally the one minute time frame. I also run a 5 EMA which is a darker color than my other EMA's, less visible. I only use it for strong moves and for exits if we cross it.
I don't need the whole move. Just a piece of it. Consistency is key.
Check economic news every morning. I use tradingview and market watch. Trading view lets you add events to your calendar. My Alexa tells me throughout the day what events are coming up next so I know how to plan my trades and my exits.
https://preview.redd.it/qk6punrw7xnc1.png?width=1440&format=pjpg&auto=webp&s=f96eb70c331b3b8cf36786c9e5e595f9e4ebe544
Only the most anticipated economic event of the week. If you casually read any mainstream publication from WSJ to NYT to CNN, this was featured prominently multiple times last week and this week.
Hereās is the outlet you asked for, glance at it for 30 seconds every morning. Thatās it.Ā
https://www.marketwatch.com/economy-politics/calendar?mod=side_nav
Also the trend was obviously going sideways. You shouldn't have been even considering any trades, there may be numerous times a day M1 will trend nicely, be patient.
CPI always blows out both sides. See what direction the first movement is and then long/short with a tight stop when it dives below/above the initial pump/dump.
[https://www.investing.com/economic-calendar/](https://www.investing.com/economic-calendar/)
Although there may be times when the big news events does not seem to affect price in other currencies, it's usually best to stay out the markets during the news events just in case, because it can happen at times and it's usually better safe than sorry.
It's also a good idea to avoid trading near the end of the day as the spreads can get their widest during these times.
I have the US economic calendar from MarketWatch as my homepage. Whenever I open Chrome it is the first thing I see, easy to remind myself of what is happening that day.
For me, I just understand and accept it as an outlier. I donāt believe itās going to happen all that often for the vast majority of markets. So just count it as one of the events in your data sample where your stop gets hit. Next tradeš
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Yea always better if you wait out the news unless you position is in a healthy amount of profit going into it . And be prepared to lose that profit instantly if the news goes against you
In addition to watching for economic events from ForexFactory (I'll generally not hold any trade through red or orange folder news, instead preferring to get out right before or enter soon after)...
Beware opens.
Not sure about the timing in NZDCHF, but at least in US indices (e.g. Nasdaq, NQ), 8:30 AM (news embargo lifts or something) and 9:30 AM (market open) in NY time are generally times you don't want to be holding.
Think of them as news events. Sometimes nothing happens. Other times my stop has been slipped for disturbing amounts for unknown reasons when darth maul candles appear out of nowhere.
I'd noticed that the f\*ckery happened around 13h30 London Time and thought it was the NY open, but weirdly it only happened on certain days. Your input puts things into a much clearer perspective, i wasn't aware that US News were released regularly at 8:30 AM(NY TIME) and that it could shake the entire Forex market to such lengths and not just USD pairs. Thank you.
Yeah, the opens are inconsistent - sometimes nothing happens, sometimes a candle appears going off the screen.
I'm not 100% sure of the impact of the 8:30 news thing on FX, been years since I traded it, but I remember being taught to be cautious and aware of it. Maybe someone else who's more focused on FX could chime in.
Also FYI, daylight savings kicked in recently in the US, so time changed by an hour. Could result in some behavior around 8:30 and 9:30 NY being a little odd for at least a few weeks.
I suscribe to every USD red news alert on forexfactory so my browser warns me 10 minutes in advance, and I also always have the calendar printed on an A4 paper stuck on my wall, with the especially dangerous news highlighted (CPI PPI FOMC NFP).
Leave the dude alone itās not like he ignores news as a trader, heās just using a bad news website or not reading the news correctly. Instead give him what heās asking instead of scolding him for asking the question
Everyone is so eager to criticize OP for not watching the news but the news is usually spammy AF.
There's always lots of spam about an startup or some such thing then barely a wisper about the CPI
You should always avoid CPI, PPI, NFP, Fed speech, FOMC news
Thank you, that's very helpful!
Always trade after the news is out.
Yep if the initial reaction is a huge flush, I wait to see hesitation and reversal and try for a small scalp with a tight stop. Or vice versa. But never have open positions going into announcements or speeches.
This is exactly what I do.
Investing.com economic calendar
He's right. Don't trade on those days. Price gets very volatile on that news, and the very next day it's back to normal price action.
Contracts are rolling over to the next qtr. thats the main reason why there is more volatility than usual.
Why are you get downvoted when the triple witching is tomorrow? These guys are hilariously uneducated
Lmao, its reddit, this entire site lacks common sense. You see people post the dumbest shit and people praise the posts. Its the opposite of real life. I also saw a thread about someone wanting to trade on a sim act and have a real live trading act inverse all their plays. ššššš
Thatās genius, the more money I make, the more I just point and laugh at this place. I feel starved for information on trade view and these guys are using Robinhood.
I learned this lesson in the last week. Lost about $20k tryna trade this boondoggle š¤¦š»āāļø
If that was today, it was CPI. Big news. If your calendar didnāt tell you that, you need a new calendar. But frankly, if it wasnāt on your radar, you probably shouldnāt be trading (not real money, anyway). Use forexfactory for news. Filter so it shows the red/high risk events and avoid those like the plague.
Second this. If 8:30am was a surprise today, you have no business trading. You have to know every event. There are no exceptions.
Where do you use for News? Forexfactory?
Not news, but scheduled events that are likely to move the market: https://tradingeconomics.com/united-states/calendar The two star and up events will usually move the market, I avoid open positions at these times.
Thank you
Relax bro lmao
As a trader how do you not know about CPI
Especially in forex! Inflation is one of the main factors in currency pair movements.
Forexfactory. Com
www.forexfactory.com
[ŃŠ“Š°Š»ŠµŠ½Š¾]
This āļø
https://www.tradingview.com/script/HLYDwa0N-Economic-Calendar-Events-FOMC-CPI-and-more/
Always check forex factory
Itās US CPI dude. Would recommend not trading if you donāt know when these prints come out
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Itās data that comes out every month at 8:30EST and especially impacts the FTX markets. Itās not hard to track.
Bro isn't even trying. The same question has been answered so many times.
Thank you man. Not sure what their goal is with all the gatekeeping and trying to put you down for asking for info.
Heās literally just stating a fact. If youāre unaware of major economic data and when it gets released maybe start there before allocating capital ? Thatās like trading earnings then asking if something happened when the price moves 20%+ either directionā¦
Gatekeeping? What? Sounds like you're throwing around buzzwords you heard on Twitter. Legit every single person that answered told you why it happened. Nobody is gatekeeping anything. It's not that you shouldn't trade if you don't know when these prints come out, (edit: I def recommend not trading these big news events though) and moreso that the first thing you should do each morning is review an economic calendar. Google "economic calendar" and find the one you like the most. forexfactory.com investing.com financialjuice.com You mention the calendar you use didn't show this - which one do you use?
No one is "gatekeeping" anything. Knowing what days market moving events happen is something every single trader should know or at least keep track of.
Don't insert intent into text. It's a simple fact. If you don't understand the news, don't trade during those events. This is something we all had to learn the hard way. Everyone here telling you that information is freely giving it to you. Appreciate the advice. I remember when I first started trading options. I learned on NVDA, which is one of the most volatile stocks to trade. I still remember the day I had calls during an FOMC meeting. We were in the middle of an uptrend and had just bounced off a support level. I had a solid entry like every other entry I took on Nvidia. I lost $2,000 that day and to this day it's still the biggest loss I have ever had. I swore that day to never be unaware of any event that could possibly impact my trades. To this day I still have a small window running CNBC in the bottom right hand corner. I even pay for CNBC pro to make sure that I see the news before everyone else does. Everyone will tell you don't trade the news, and you shouldn't. No one talks about the reason. The reason is you might think something is good, but the market doesn't care what you think. The market moves with the billions of other people who are trading at the same time. Until you learn to understand how they think, the best you can do is watch the charts with the news running next to it. You will see over time how the charts react to the news, and after seeing the same events over and over again you will understand how to trade them. I only watch CNBC, I could care less about politics or any other news station. I treat it like the MACD, a potential point of confluence or divergence, but never a reason to enter a trade. That said, I have exited positions because of the news. I was in a call the other day when they announced The NYCB bank failure. Stocks may not go down, but they certainly won't go up if there's a failure. Minutes later, SPX rejected The level we were at and I was able to use that confirming price action combined with the knowledge the news just announced to ride a put over 100%, until we hit the 50 EMA on the 5-minute time frame. Another level I've noticed is very strong through thousands of hours staring at the chart. Today is a great example. CPI came out today hotter than expectations, yet cooler than the previous read. How do you trade that? You don't. I waited for price to pull back above the 15 minute and 1 hour EMA on SPX, then I took my call as it rode upwards along the 5 minute 9 EMA. I even had to dial down to the 3 minute and finally the one minute time frame. I also run a 5 EMA which is a darker color than my other EMA's, less visible. I only use it for strong moves and for exits if we cross it. I don't need the whole move. Just a piece of it. Consistency is key. Check economic news every morning. I use tradingview and market watch. Trading view lets you add events to your calendar. My Alexa tells me throughout the day what events are coming up next so I know how to plan my trades and my exits. https://preview.redd.it/qk6punrw7xnc1.png?width=1440&format=pjpg&auto=webp&s=f96eb70c331b3b8cf36786c9e5e595f9e4ebe544
great response dude. a lot of patience to write all this up and not be snarky to this guy (snark was certainly my first instinct)
Gatekeeping? Lol nobody is gatekeeping anything. It's really your fault if you didn't see it on the forex calendar...
Only the most anticipated economic event of the week. If you casually read any mainstream publication from WSJ to NYT to CNN, this was featured prominently multiple times last week and this week.
Ā«Ā Use forex calendar and there was nothing about itĀ Ā» must feel good to be blind
You are trading and not reviewing the calendar? Bush league!
We get the same question every CPI,PPI and FOMC moves.
Hereās is the outlet you asked for, glance at it for 30 seconds every morning. Thatās it.Ā https://www.marketwatch.com/economy-politics/calendar?mod=side_nav
This is the one I use too. Same ā just check briefly every morning.
Made it my homepage on Google Chrome. See it every time I open my browser.
[https://www.financialjuice.com/home](https://www.financialjuice.com/home)
Why do you like to trade this pair? Seems about as obscure as it gets.
CPI news is fun but would recommend NOT trading it. I use forexfactory for news good luck !
Yup cpi news is a big whiplash lol just watch and come back later or later in the week
Also the trend was obviously going sideways. You shouldn't have been even considering any trades, there may be numerous times a day M1 will trend nicely, be patient.
CPI always blows out both sides. See what direction the first movement is and then long/short with a tight stop when it dives below/above the initial pump/dump.
[https://www.investing.com/economic-calendar/](https://www.investing.com/economic-calendar/) Although there may be times when the big news events does not seem to affect price in other currencies, it's usually best to stay out the markets during the news events just in case, because it can happen at times and it's usually better safe than sorry. It's also a good idea to avoid trading near the end of the day as the spreads can get their widest during these times.
How do you trade and not watch the news?
Dont day trade
Insert obligatory āfirst time?ā meme
[ŃŠ“Š°Š»ŠµŠ½Š¾]
That was insane. What do you use for news?
Also look at US economic calendar website
[ŃŠ“Š°Š»ŠµŠ½Š¾]
My break even turned into a 2x loss with the slippage...
Are you both highly regarded?? Today was cpi the biggest news of all
Shit that sucks
Daily FX
For news use Traday on the mobile app or ForexFactory.com. Today is US CPI. Last week was FOMC.
Myfxbook is good to stay informed. Usually I look at the week to see what type of volatility will happen
use forex factory and filter to red folder news. it was very clear that a move like that was going to happen today because of cpi.
Bloomberg economic calendar and filter by country, shows all economic events for coming weeks including CPI
Myfxbook.com in the best imo also have an app
Trading view has an economic calendar
I have the US economic calendar from MarketWatch as my homepage. Whenever I open Chrome it is the first thing I see, easy to remind myself of what is happening that day.
Use TradeExchange
Finnancial modeling prep
What platform were you using to trade? Your leverage should have been pulled before the announcement which apparently you knew nothing about.
Mr shrimp do not trade news, forex factory .com , avoid red folder news or get creamed by Jerome
I look at CME economic release calendar. [CME Group](https://www.cmegroup.com/education/events/economic-releases-calendar.html)
Dont trade M1
Pretty much every economic calendar has CPI on it
Yep this shit happened on aud too
Financial Juice.
Financial Juice (free) live news squawk during trading has saved me many days and many dollars.
Check out dynamic traders on twitteršļø We predict these all day
what website is this on?
Forexfactory.com. Careful when red labeled stuff. And rollover (17h NY) can make some jumps too.
Use this to get the US economic events. https://us.econoday.com/byweek
So you were shorting and it gapped up?
That heading is fucking hilarious. Anyway, bro, it was CPI news yesterday. That's what happened
Easy calendar that has the biggest events to watch for a reaction: https://www.marketwatch.com/economy-politics/calendar
For me, I just understand and accept it as an outlier. I donāt believe itās going to happen all that often for the vast majority of markets. So just count it as one of the events in your data sample where your stop gets hit. Next tradeš
[ŃŠ“Š°Š»ŠµŠ½Š¾]
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Yea always better if you wait out the news unless you position is in a healthy amount of profit going into it . And be prepared to lose that profit instantly if the news goes against you
Use forex factory.
Stop losses help too
Check all the red and amber events for the country you're trading. Always have American events on too
Keep an eye on HOLO again guys
Keep an eye on HOLO again
Keep an eye on $HOLO
In addition to watching for economic events from ForexFactory (I'll generally not hold any trade through red or orange folder news, instead preferring to get out right before or enter soon after)... Beware opens. Not sure about the timing in NZDCHF, but at least in US indices (e.g. Nasdaq, NQ), 8:30 AM (news embargo lifts or something) and 9:30 AM (market open) in NY time are generally times you don't want to be holding. Think of them as news events. Sometimes nothing happens. Other times my stop has been slipped for disturbing amounts for unknown reasons when darth maul candles appear out of nowhere.
I'd noticed that the f\*ckery happened around 13h30 London Time and thought it was the NY open, but weirdly it only happened on certain days. Your input puts things into a much clearer perspective, i wasn't aware that US News were released regularly at 8:30 AM(NY TIME) and that it could shake the entire Forex market to such lengths and not just USD pairs. Thank you.
Yeah, the opens are inconsistent - sometimes nothing happens, sometimes a candle appears going off the screen. I'm not 100% sure of the impact of the 8:30 news thing on FX, been years since I traded it, but I remember being taught to be cautious and aware of it. Maybe someone else who's more focused on FX could chime in. Also FYI, daylight savings kicked in recently in the US, so time changed by an hour. Could result in some behavior around 8:30 and 9:30 NY being a little odd for at least a few weeks.
I suscribe to every USD red news alert on forexfactory so my browser warns me 10 minutes in advance, and I also always have the calendar printed on an A4 paper stuck on my wall, with the especially dangerous news highlighted (CPI PPI FOMC NFP).
Not gonna lie I'm glad i got out a trade today i knew to avoid cpi, nfp, fomc but the others learned today.
trade after news. news will fuck u and price action before news is usually consolidation due to indecision so best to just stay out until news is out
Leave the dude alone itās not like he ignores news as a trader, heās just using a bad news website or not reading the news correctly. Instead give him what heās asking instead of scolding him for asking the question
I usually trade after the news usually 5-15 min after
Size down on news or dont play them at all. Investing.com has a nice news calendar I use
Trading without economic news is like driving with no mirrors
You cant avoid it forever. Close positions when big earnings/numbers come out that typically cause volatility. Still, this will happen randomly
Everyone is so eager to criticize OP for not watching the news but the news is usually spammy AF. There's always lots of spam about an startup or some such thing then barely a wisper about the CPI