My Simple Rookie News Trading System - Page 2
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Thread: My Simple Rookie News Trading System

  1. #11
    Quote Originally Posted by ;
    quote Perhaps you can also check it out on your demo account? So can we match each other up with expertise and knowledge
    It will work out beautifully on demo because for most brokers, things work differently on demo compared to real account.

    Actually my principal trading egy entails trading reddish news. It has worked well. However, I have refined my egy after seeing price action during reddish news for some time. The approach suggested here won't hold out in the long run.

  2. #12
    Quote Originally Posted by ;
    quote It'll work out beautifully on demonion because for most brokers, things work differently on demonion compared to actual account. Actually my main trading egy entails trading red news. It's worked well for two decades. But I have refined my approach after watching price action during red news for some time. The approach suggested here won't hold out in the long run.
    Thank you johNal for the input. This won't hold out to the long run you saying, but just how do you blend red news with price action? When I have some candlestick pattern wisdom, will this assist with trading on red news?

  3. #13
    Quote Originally Posted by ;
    I've been there. It worked for a while and then I snapped my account. For you to be successful you'll have to select your news nicely. Even then you stand a chance of your commerce tripping and immediately price reverses. And remember the high spreads plus slippage throughout the events. One event you'll have to stay away from is the NFP. In an instant you'll have both orders filled and closed in losses at very bad levels. You will have no opportunity to respond. Worse they may activate before the release of the information as prices swing up and down...
    Totally, concur with johNal. Even if such egy works for a while, it definitely is going to wind up blowing off your account. Since you're a rookie, I'd recommend you to avoid news trading until you gain some more experience and master your skills.

  4. #14
    Quote Originally Posted by ;
    quote Entirely, agree with johNal. Even if such egy works for a little while, it definitely is going to end up blowing your account. As you are a newcomer, I'd suggest you to avoid news trading until you get more experience and learn your skills.
    Alright and thanks for the great advice

  5. #15
    Quote Originally Posted by ;
    I'm a newbie like you but, unlike you, I wouldn't have thought of this in my own! Looks like a fantastic plan, and when I get through studying this out, I'm going to try it myself. As an 'answer' to your last concern, coupling the news events, like the address of Mr. Trump, with everything that's happening, seems like good practice to me. I do this as often as I can.
    That would really a fantastic plan and I want to know how and if it works out to you've a wonderful trading day.

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