Do you use news services while trading? - Traders Hideout | futures.io
futures io futures trading


Do you use news services while trading?
Started: by Big Mike Views / Replies:4,685 / 39
Last Reply: Attachments:2

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 2  
 
Thread Tools Search this Thread
 

Do you use news services while trading?

  #11 (permalink)
Elite Member
Chicago IL
 
Futures Experience: Beginner
Platform: Sierra Chart
Favorite Futures: Futures
 
Posts: 117 since Feb 2012
Thanks: 22 given, 107 received


GFIs1 View Post
My trading style is news averse ;-)
To check for news - especially US numbers/FED etc. - I am using a calendar site.
This prevents my open trade to be caught in a news spike to hit my stop.
So I am not really counting on news with the moves they initialize for my trades.
Much more relaxed with this style and only picking the points given under normal conditions.

GFIs1

Same boat here. Just use nasdaq's economic calendar to stay out of the way of major numbers. I just trade indicies.

Reply With Quote
The following user says Thank You to drw112 for this post:
 
  #12 (permalink)
Elite Member
Switzerland
 
Futures Experience: Advanced
Platform: ninja trader CQG Trader
Broker/Data: Kinetick, IB
Favorite Futures: DAX ES CL
 
Posts: 149 since Nov 2010
Thanks: 954 given, 120 received


ThatManFromTexas View Post
@Private Banker

Thanks!

I am on their 1 week free trial now. You are right, it is much better than the talking heads.

Just another benefit of futures.io (formerly BMT)... good info...

@ThatManFromTexas,
I have an even better deal,if you create an account at ZeroHedge you will have free access to Talking Forex squak all the news in real time I find the service excellent and more is free
Roberto

Reply With Quote
The following user says Thank You to rcabri for this post:
 
  #13 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,282 received



rcabri View Post
@ThatManFromTexas,
I have an even better deal,if you create an account at ZeroHedge you will have free access to Talking Forex squak all the news in real time I find the service excellent and more is free
Roberto

@rcabri

Thanks!

Is it just Forex info? I only trade futures.

I don't trade the news ... I just try to avoid trading during a surprise announcement...

"In a surprise move .... yadda...yadda...yadda"

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following user says Thank You to ThatManFromTexas for this post:
 
  #14 (permalink)
Elite Member
Switzerland
 
Futures Experience: Advanced
Platform: ninja trader CQG Trader
Broker/Data: Kinetick, IB
Favorite Futures: DAX ES CL
 
Posts: 149 since Nov 2010
Thanks: 954 given, 120 received


ThatManFromTexas View Post
@rcabri

Thanks!

Is it just Forex info? I only trade futures.

I don't trade the news ... I just try to avoid trading during a surprise announcement...

"In a surprise move .... yadda...yadda...yadda"

They give all the economics news that are the same if you trade futures markets or cash market or forex even DOE inventory of crude

Reply With Quote
The following user says Thank You to rcabri for this post:
 
  #15 (permalink)
Just a boy
Auckland, New Zealand
 
Futures Experience: Beginner
Platform: Sierra Chart
Broker/Data: AMP/CQG
Favorite Futures: Whatever moves in my timezone
 
Posts: 1,799 since Sep 2009
Thanks: 3,157 given, 1,358 received

Futures Edge on FIO

ThatManFromTexas View Post
@rcabri

Thanks!

Is it just Forex info? I only trade futures.

I don't trade the news ... I just try to avoid trading during a surprise announcement...

"In a surprise move .... yadda...yadda...yadda"

@ThatManFromTexas

I use the link via ZH as well.

From my observation Talking Forex seems to be a 'white label' of the Ransquawk service, without the 2 minute delay or a fee.

I might be wrong, but my observation of Talking Forex and the free version of Ransquawk seem identical - but RS free has a 2 minute delay.

Reply With Quote
The following 2 users say Thank You to steve2222 for this post:
 
  #16 (permalink)
Elite Member
Fort McMurray, AB, Canada
 
Futures Experience: Intermediate
Platform: NT8 EOD,
Broker/Data: QT
Favorite Futures: currencies, indexes, CL
 
Posts: 18 since Mar 2010
Thanks: 12 given, 7 received

no news followed?

I am also surprised there are so many that say they do not follow any news.
I wonder if they misunderstood the term calendar site and the results should show more that choice?

I stay away from event times using ForexFactories page. Bloomberg has an equal page.
So, it is essential, but with a small time emphasis spent on it.
Keeps me from tripping over skunks unaware.
I have traded news, but sometimes the results are just plain dumb luck not getting whipped.
And I tell unbelievers that we do not do gamble when we are trading.
Texas Man's Walmart short is a classic example why we all need some time spent on news, even on day bars.

Reply With Quote
 
  #17 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,282 received


Ron Schnee View Post
Texas Man's Walmart short is a classic example why we all need some time spent on news, even on day bars.

@Ron Schnee


It goes both ways... years ago I owned a ton of Tobacco stocks in my SEP IRA account, they paid great dividends. One day I saw a news flash that Reynolds was threatening bankruptcy due to a new lawsuit the Ohio Attorney General had filed against them. I closed all my positions. The State of Ohio backed down, Reynolds stock went up and they kept paying those great dividends... just not to me.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
The following user says Thank You to ThatManFromTexas for this post:
 
  #18 (permalink)
Elite Member
Georgia, US
 
Futures Experience: None
Platform: Various
Favorite Futures: Various
 
josh's Avatar
 
Posts: 4,898 since Jan 2011
Thanks: 5,143 given, 11,206 received
Forum Reputation: Legendary

40% pay NO attention to news? wow...

Econ calendars also only give you very little info as far as the big picture goes. I would not trade without my live news now.

Reply With Quote
 
  #19 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 45,804 since Jun 2009
Thanks: 29,097 given, 81,382 received

I've closed the poll, here are the results:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
 
  #20 (permalink)
Elite Member
Ingatestone
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 133 since Feb 2012
Thanks: 21 given, 54 received



josh View Post
40% pay NO attention to news? wow...

Econ calendars also only give you very little info as far as the big picture goes. I would not trade without my live news now.

As part of the 40%, I'll explain my position on it.

1-I'm never going to be fast enough to enter on a news release at a price I'm happy at. Does that mean news is useless to me? Of course not, but it's on purpose for it which I'll never use it for (news trading). Another reason why I don't news trade is because I don't want to be reliant on bits of news to make my edge, because what if no unexpected news occurs, I'm boned.

2-I trade against traders, not the market. I don't care how FUBAR Europe is, if I think a trader is going to buy Euros off me at a higher price than here, I'm happy to buy them.

3-The market will adjust to the news, so all the information available to me, is contained within price.

4-"It's all BS, and it's bad for ya." Central bankers (and others) mke comments constantly, but they're obviously not what they actually think, they're carefully constructed in an attempt to make the market do what they wish. The market knows this, and so reacts not on the comment, but what it thinks is behind the comment, this goes into double bluffs etc etc. It amazes me how many people think these people are being honest. If I wanted to play this sort of game I'd be in business, I'm in trading to stare at pretty charts all day.

I think that should cover all scenarios, bar me being in a position before a news release. Now a lot of people suggest to get out, I don't really think it makes much odds. The news could be good for me, it could be bad for me. I've done the maths, getting out before news has never helped.

You only need to avoid the news, if it's not in your plan. Look at a chart, without the x axis, if you can point out the bits of news (not from memory), then you can create a strategy to trade them. A good example is NFP, I can point out most of the NFP days on a chart, that implies I can see what is different about NFP from a normal day, that means I can tell the difference, and so I can trade it differently, and so gain an edge. I don't require the numbers, and if I did, when I got the numbers, it'd be too late.

I mean, maybe there's the situation, where the SNB drops the EURCHF 1.2 level, and this coincides everybody else losing their internet connection bar me, and I manage to get short before it's moved a vast amount, and then everyone gets back their internet and also happens to short it, but then look at the Tsunami, when a bunch of people shorted the yen, and then got screwed because of the repatriation for the rebuilding effort.

So yeah, I could take note of the news, it might marginally help, but personally, I've found it actually makes me trade worse, and I'm much better off listening to some lemon jelly, or having rainy mood on. Sure I'll check the news out of interest, but it's nothing to do with my trading.

I am pretty sure this is rather inarticulate, but if I've said something silly just point it out and I'll try to expand on it.

Dovie'andi se tovya sagain.
Reply With Quote
The following user says Thank You to Hotch for this post:

Reply



futures io > > > Do you use news services while trading?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Spring Grains Outlook w/Sean Lusk @ Walsh Trading

Elite only

FIO Video Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

April

Process above all else w/Anthony Crudele @ Futures Radio Show

Elite only

Machine Learning - Quantitative Trading w/Martin Froehler @ Quantiacs

Elite only

Market Dynamics w/Peter Davies @ Jigsaw Trading

Elite only

Ask Me Anything w/Patrick Rooney @ Trading Technologies

Apr 18

Ask Me Anything w/FuturesTrader71

Apr 19

Machine Learning w/Kris Longmore

Elite only

Market Analysis w/Dave Forss

Apr 25

Introducing iSystems with Stage 5 Trading

Apr 27
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Traders' opinion about PageTrader ES trading services (www.pagetrader.com) gvv1965 Vendors and Product Reviews 18 September 29th, 2016 05:14 PM
Trading FOMC news shodson Traders Hideout 4 August 1st, 2012 05:56 PM
Using news sentiment for trading SnooopD Traders Hideout 10 May 8th, 2012 08:58 AM
Trading breakouts on the news PowerM Emini Index Futures Trading 5 June 6th, 2011 06:54 AM
Best Forex broker for news trading? Jamicon Brokers and Data Feeds 16 May 3rd, 2011 09:23 AM


All times are GMT -4. The time now is 11:26 PM.

no new posts
Page generated 2017-03-28 in 0.13 seconds with 20 queries on phoenix via your IP 54.145.148.103