Adjust your trading strategies around
Mainly I’m sure this is the same when it comes to equities options forex. The market moves a certain way and it’s usually erratic when we have news happening. So right here for X factory dot com.
Is the best for me personally, it’s one of the best sites where I could see the different news that is happening. So this is what happens when you open it up, right? So this is obviously there’s a lot of stuff going on about the different pairs for Forex, but this news is important for all. Excuse me.
When you open up your website, when you open up the website, you will have news from all countries right away. So because I trade the E s mini in the futures, which is the S&P 500, it’s index for me the most important news or us. Right.
So obviously, if you’re trading forex, a lot of these other countries will definitely be important for you. But you can learn to filter out what is necessary, your go to filter and also the yellow and the orange.
They are not very high impact. They usually don’t make the market move as much as the red. So I really like the right and the great totally has no impact. It’s not even worth it.
So I uncheck those and I do leave all of this here because the major all of these pretty much are important if it is a high impact news piece, since I only really want to look at the US market.
I first uncheck all of them and then I just check the USD and then I apply my filter. So here for today, I am seeing that I have two important news pieces. One is at eight thirty eight AM. This is actually before the market opens, so it doesn’t really affect my my trading whatsoever. And then there is one at 11:00 a.m.
So usually news when if you are trading, it is highly recommended that you stop trading about 10 to 15 minutes beforehand simply because there is a lot of indecision.
A lot of the traders and big institutions that are part of the trading day are kind of sitting on the sidelines waiting to hear what happens with the news.
So the market could do a couple of different things. It could be either completely sideways or very low volatility and go down in movement. It’s really slow, it’s very decisive and it could be stuck in sideways.
Or what happens is when news actually hits at exactly 11:00 a.m., the market could just go bam, bam, bam, bam all over the place.
Either way, you do not want to be anywhere near there. For me, my golden rule, my rule of thumb, I guess you could say I don’t enter the market 15 minutes before.
And I give it another good 10 minutes to 15 minutes for the market to settle down. Sometimes news will do absolutely nothing, but sometimes it could be five minutes later.
So I just give myself a pocket of 30 minutes, 15 minutes before and 15 minutes after normally.
The majority of the high impact news all begin around 9:45 a.m. Eastern, 10:00 a.m, eastern, 10:30 a.m, eastern or 11:00 a.m, eastern. This is usually the best time to watch if the market is going to have some high impact news.
Always, always, always check the this website first. Or if you have another one that is as powerful in detail when the news are coming out, especially for high impact check, make sure you check because trading into news will definitely stop you out, if not the first thing that’s pure luck and you never want to feel lucky. You have to be prepared. OK.
Now, there is also one other news piece and it is called the F O M.S. and that is usually FOMC Wednesdays. It happens only on a Wednesday. You need to make sure you find out which Wednesday it is and that usually comes out around 2:00 p.m.
So technically an FOMC days, a lot of traders are actually completely finished trading by eleven thirty or noon altogether. And then it becomes completely. Indecisive. Very low volatility. And when FOMC actually comes out, it is so erratic that it’s just almost dangerous to even enter. So that’s my help. My advice on different news trading in and around news.
Let`s get to know each other. I`m Marina, the trader chick – you can learn more about my journey and how I started here.
If you want to start learning about trading strategies and start day trading on your own with ease and confidence – Sign up for the FREE
Are you ready to go beyond basics, learn more trading strategies and start your dream life – check out MY Courses