Baruch's Forex System Journal

I watch news and charts. Charts just take priority with me. Always.

NQ doesn't work as well with my charting techniques, and I just prefer concentrating more on ES. Its just a personal thing.

Jay

 

Hi Jay,

OK. How do you handle spikes?

 

Trading without knowing the news is like buying horses in moonshine.

 

what news feeds do u use?

 

Baruch.. OANDA has the EURO/USD quoted at 1.2438... it jumped around 100 pip at 4pm (EST) this saturday... any idea what happened?


--MIKE

 

AFX Financial News and Market News International.

 

Hi Mike,

What a jump! No, I don't know what happened. It must be nice trading when the market is closed? What's the spread?

 

I opened a demo account with saxo and they gave me those news feeds for free.

I like MNI.. very usefull when they have bulletins regarding the USD/EURO and when they give u a reminder of key economic events.. but AFX is not so great.

AFX has more of a story behind everything but nothing is breaking news or valuable to trade from.

What is the best feed for someone that wants to make a living trading the EUR/USD.. i would assume bloomberg and reuters feed is the best?

--MIKE

 

10 PIP spread. I checked all the news feeds and I couldnt find anything that happened during the price spike. Interesting.

 

Hi again,

Yes, MNI is good. AFX is much like Reuter's - they are OK. You get a lot of information, but they are not very quick. I assume Bloomberg is the best - and most expensive. But you can listen to their radio free.