Does anyone try and jump into a position after a Fundamental announcement has been re

[danoXP]

Quote from Wittgenstein:

Yes, it can be vary profitable. But if you had a Bloomberg or Reuters newswire you could get the whole move - like the banks and the big traders.

... used to think that also, but found that just watching the ticker ... and trading off the move is easier than trying to decifer the unemployment report, or the oil inventory report, or the Fed transcript and then acting on the plan.

Bloomberg alerts and IB bid/ask seem to move in sync. If anything IB bid/ask reacts faster.

However, on rare occasions, there is the "head fake" move ahead of the announcement ... sometimes it leads to an investigation (Michigan sentiment release not so long ago).

my 2 cents

 

[Wittgenstein]

Quote from misha7:

It is because of this kind of "advice" that Mr. Spanton has not made a single buck himself in fx trading - I guess it's much more convenient (and profitable) to "coach" others

Who is Mr. Spanton???

 

[late apex]

That would be Andrew Spanton of GlobalFX LLC, banned here.

http://www.elitetrader.com/vb/searc...d=880729&sortby=lastpost&sortorder=descending

 

[Wittgenstein]

Quote from late apex:

That would be Andrew Spanton of GlobalFX LLC, banned here.

http://www.elitetrader.com/vb/searc...d=880729&sortby=lastpost&sortorder=descending

Thank you. But why is he banned here?

 

[fbaz]

please what are the major market news for the usd?
and how are these news traded?

 

[Frege]

Quote from fbaz:

please what are the major market news for the usd?
and how are these news traded?

It's the big news which make the big moves...

 

[Frege]

Quote from SethArb:

the infamous mr Spanton ... of a certain
forex trading firm .... used to say at his seminars

to wait for the retracement of the spike after the
fundamental news and to go with the position of the initial move at that point

note ... I never traded for his group and perhaps
my recollection of his tech. anal. approach on fund.
news is not entirely correct ...

Mr. Spanton was right on that one...

 

[Frege]

Quote from fbaz:

please what are the major market news for the usd?
and how are these news traded?

Look here:

http://www.forexfactory.com

 

[danoXP]

Quote from Frege:

Look here:

http://www.forexfactory.com

Thank you ... I have been looking for a site that encompasses global calendar. Very nice, looks better than the economic calender from Briefing.com I currently use.

-dan

 

[fitrol]

Just my 2 cents, but when I was learning the biz many moons ago I was told by someone I worked with that you should never initiate new positions for at least 20 mins following major economic figures.
Its something I have followed ever since and to be fair it allows all the 'crap' to be digested and may cost you a few bucks on an initial move, but over the years it has saved me more than its cost me!!

Peace & Profit