I choose the biggest news, when chart can move significanly, easily. I see the forexfactory.com or other Forex news websites.For Example, start of the month: USA-ISM Manufacturing PMI, Non Farm Payroll, FOMC Meeting when FED Chairman Bernanke speaks, BOE, Bank Of England meeting or BOJ, Bank of Japan meeting.Other good news with other currencies: GDP figures, cash rate, unemployment rate etc.So the strategy is the foollowing:Before 20 or 30 minutes of the news I take orders ( buy stops and sell stops ) both of the directions approximately 30 or 50 pips to the current standing.I use max 4 currencies to handle this, 6 or more is too much and very hard so 4 enough.I see, use currencies with small spreads ( eur usd, usd chf , gbp chf, usd jpy , eur jpy,, nzd usd, or gold, oil.Small news orders: 30-50 pipBig news orders: 40-70 pipsWhen the news comes, I see it, if it is goo for the currency or against.I close orders which are not cooperated with the figures. I use small stop losses mainly 30-40 pips, because I don' t know what the market will make, so let the market run.If there is a large fundamental changing, I let the position run more than 100 or 200 pips. If the changing is not so …
Le el artículo
Traducir a inglés Mostrar original