Interesting, thanks for sharing about the scammer-- this business attracts the unethical in a very strong way. I guess its the appearance of easy money. Markets are constantly changing, edges that work for awhile fail to work-- that's certainly what could have happened, in addition to the traders just getting lucky to create profitable records, outright scams, or nervousness knowing that if successful millions would be traded=== I really don't know the whys, just that this is what I witnessed.
they say all red star economic releases should be avoided or specific ones ? how do u know which news affect CL,GC ? as far as i see a lot of red star news per day .
Sure you can. Most economic releases are pre-market or very early. You have the entire day after that. As a daytrader, why would you ever step ahead of a number?
i trade both European and USA session ,so if it's possible it's a relief, but as i see there are a lot of red star economic releases which interrupt holding a position .
I would say 95% of the economic reports come out either at 7:30 central time or 9:00. Oil and gas inventory is at 9:30 and Treasury auctions usually are at noon. Every 9 weeks you have the Fed. Again, none of these reports would you want to have a position on in front of. Especially if you are a trend follower.
well , i enter a trend before that times and of course i will encounter them .as TST calendar shows in every day, there are some red star releases .let me ask my question in other way .which economic releases affects GC or CL or ES ? how frequently they occur ? someone should not hold position into all of those red star releases or just into some o them ?
I trade only ZS/ beans hence I asked about them. Beans are considered in league with other grains corn and wheat, so I should avoid all news releases that come at 12:00 EST. But it happens once rarely twice a month. All other news releases are after the market close. I also asked TST about those economic news You need to ask which news to avoid. Also, I had to change my plan probably few times. i actually traded once by staying in trade for the whole day...Those were my first 2 rollover Combines.
I also have a rule that I simply do not trade those news days at all. Just like I do not trade Fridays. Most of the time market does nothing before release and than it goes nuts. With such small risk we are given it is suicidal at least imho to go into news releases. CT, I think you need to ask TST regarding all those releases. I also think doing some changes to trading plan or revising it to avoid all these troubles would be a good idea. I know that price often comes back after news releases so may be a good idea to take position after news at the same price level where you would have a signal before.
so it means only specific news (not all of red star news) affects an instrument and i should avoid only a few of them which are rare ?