In daily trading, sometime I am also use pending order for plan averaging with look on daily timeframe as trigger analysis the trend major, although sometime the market move verey dynamic but if use stop loss hence the risk still in control
I like to use pending order when news are strong and my according to my analysis. So that i can have perfect trade. Fore daily use, i dont prefer pending order, because sometime market gets so differ and i can not handle that situation.
Please I would want to know something, had some interest on this strategy myself. But somethings are a bit confusing; is it possible to know an existing trend with the bill williams alligator? And sometimes all three lines mesh together, does that signify anything?
Trading the news can be tricky. Most traders place their orders before the release. If you analyze what is happening to an economy, you will know what will happen if the news about a certain event is released. For example, when there is an election, you can analyze and predict who is going to win that election based on Polls released before the election day. When the election result is announced and you are right, you will make huge profit. It is hard to place a trade immediately the news is released due to high market volatility that freezes platforms.
you have to turn logic and analyzing the info understand what major players and investor expect from that event. its not about reacting to the event itself but outsmart those who think they outsmarted the crowd
Trading the news event is not easy, a market can move anywhere with the high volume of movement. Predicting the right one is not possible for everyone.
I agree, If trading the news were that easy...then everyone would bet long when an economic report beat expectations...and Vice Verse -- and get filthy rich in the process But that scenario is far from reality, The only thing that matters in this trading world is the bottom line. How you fared. You can debate methods, and strategies and everything else till the end of time with no purpose or goal or sense.
Your mind and your skills can make you a good trader so depend on yourself for the best trading and learn it from yourself to gain profit.
News wouldn't produce such spikes if it was unprofitable time for trading. Its is about speed of your platform and analyzing pre-market sentiments. Easy money but too unreliable from technical side as liquidity is different every time.
News trading is risky because the movement of a market in news time are high and no one knows that when the market can take a high jump in any direction.