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Trading through the news
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Trading through the news

  #1 (permalink)
Elite Member
New York City, NY/USA
 
Futures Experience: Intermediate
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Trading through the news

What economic news release numbers should a trader avoi trading through?

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  #2 (permalink)
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  #3 (permalink)
Elite Member
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I would say that depends entirely on what instrument you're trading. Are you talking about any instrument in particular?

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  #4 (permalink)
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ZN, ES, 6E, 6J, CL

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  #5 (permalink)
Elite Member
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I'm only familiar with forex, so can really only speak to the 6E and 6J.

For those, on the USD side, Non-Farm Payroll figures, FOMC minutes, retail sales, and CPI figures all can cause spikes in volatility that can be tough to trade through.

The EUR is a little trickier since figures from any of the member countries have the potential to move the market. But any announcements from the ECB are heavily scrutinized.

For the JPY, lately it has been anything coming out of the BOJ after they announced massive QE measures at their last meeting.

Generally, for anything currency related, I find the economic calendar at Forex Economic Calendar @ DailyFX indispensable.

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  #6 (permalink)
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I only trade CL and will only hold a trade thru news events when I have a nice spread and am able to keep my stop BE plus a nice cushion. Otherwise I usually will trade off the bottom or tops of the move.

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  #7 (permalink)
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In my opinion...

avoid new positions into all economic news releases. You can not anticipate the number or the reaction to it nor is a news release something that is repeatable. Set resting stops and targets around economic releases or scheduled press conferences, but imo trying to trade them per se, is a losing proposition.

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  #8 (permalink)
 Vendor: diversifyportfolio.com 
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I trade the 6B and ES and will therefore not enter new trades 20mins prior through to 5 minutes following any news release involving the GBP or USD which is classified as high impact by forex factory.

If im already in a trade at the time, ill manage it accordingly.

Diversification is the only free lunch
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  #9 (permalink)
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Fadi's Avatar
 
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Answer
This post has been selected as an answer to the original posters question Answer

I personally think trading news is gambling more than anything else; and should be avoided as much as possible.
At least this is the rule we have set in my fund, and it helped us or shall I say saved us on more often than not.

What is more important than the news itself - for us traders - is the market reaction to this news: and you cannot predict that at all as good news doesn't automatically translate into positive price action, and of course bad news do not always translate to negative price action either.

So you need to basically forecast the news first, and then forecast the reaction to the news I would prefer to go to Las Vegas for such an odd probability and have some fun at least instead of losing my money staring at ugly computer screens and charts...

All the instruments you listed above react to all news, to some extend, as capital would move from one to the other and so on, so they all get affected.

Just my personal view

Successful people will do what unsuccessful people won't or can't do!
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  #10 (permalink)
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WA Europe
 
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Hi,
I flat all my trade and i wait.
I react when the picture become more clear.for me i will usually take the first trade 30 minute after the news was released.
Good hunting to all

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