Trading news figures

• 03/29/2018 at 2:36 AM #66643
  successpass

  I like to trade when major and minor news figures are released. I feel that the market is more consistent that way, does anyone know of a service free or paid that gives a full and detailed breakdown of these figures other than forex factory that are very in depth.

  For example the employment figures could look positive because only the full time is listed, and the market will go up and then when people find out the part time figures are really bad the market would crash, this often happens after a positive news report anyway but I think you know what I mean.

  If I had access to the detailed figures that would really help in those circumstances when the basic figures are not giving a accurate representation of what’s actually happening fundamentally.

  Thank you in advance!

  

  successpass

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  03/29/2018 at 10:01 AM #66668
  GraHal

  Surely by the time you analysed the detailed figures then you would have missed the action?? 🙂

  I have a few times set Orders either side (Long and Short) of the price just before release of the NFP figures … as you know, price can shoot up, trigger my Long, then on a 5 second chart I look for a red heiken ashi candle or a long legged doji etc and then exit! All over in 1 to 3 minutes! Very exciting! 🙂

  Maybe, if I’m lucky, I judge it right and make money all the way back down again to where price was before the NFP figures were released … but that can take hours to get back down again.

  I guess this several hours worth of action is what you are talking about getting in on after detailed analysis?

  I’ve tried to judge what the market should do logically in response to news / figures only to find price does the opposite so I find it best to look at what price is actually doing and be very nimble entry and exit!?  Whether price does the opposite, can depend on what price has done in the hours / days before the News … if News should logically send price up, but it has already had a good run up then it may very well go down on the News. Anyway isn’t the addage … Buy the Rumour sell the News / Fact?? 🙂

  I guess you know all this, but some readers may benefit?

  Cheers
  GraHal

   

  

  GraHal

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  03/29/2018 at 10:20 AM #66671
  successpass

  Nice thank you for the information I like to place my trade the second the figures are released but the biggest problem is when what you see on forexfactory is not detailed enough and leads the masses to drive the market in the direction of the common figures for a brief while, and then the detailed figures are read by those that have access to them and then not knowing what they are you’re stuck.

  Does this website list the detailed figures, IE part time and full time employed for a employment data?

  I like your strategy, it’s very good I’ve used it many times, it never gets old:)

  

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  03/29/2018 at 10:32 AM #66672
  Vonasi

  GraHal wrote:

  I’ve tried to judge what the market should do logically in response to news / figures only to find price does the opposite

  Normally whatever the expected results are is priced in prior to the announcement. Then once announced it depends on how close to expectations the results are as to the final longer term price movement – but what really happens is just sudden volatility. Then we have to add all the high frequency trading by the big boys algos and the result is unpredictable chaos.

  IMHO trading the news is a very exciting way to trade – or should that be very exciting way to gamble – place your bets and spin that wheel.

  Yes some will be making money at these times but in my experience they are usually taking it off me!

  

  Vonasi

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  03/29/2018 at 11:21 AM #66673
  GraHal

  Vonasi wrote:

  Normally whatever the expected results are is priced in prior to the announcement. Then once announced it depends on how close to expectations the results are

  I agree Vonasi, I check the forecast on Forex Factory and then depending on if Actual is  < or > Forecast then make the judgement, but even then price can do the total opposite, so it’s best to trade what you see 🙂

  

  GraHal

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