Eminis trading with news
- Thread starter speedy
- Start date
I haven't found a news service fast enough that keeps up with spiking e-minis. I just trade the charts and stay away from trading ahead of the known news releases at 830 and 10am ET.
By the time you get the news the candles have long since printed.
By the time you get the news the candles have long since printed.
Speedy,
For what it's worth (or not worth) I rarely try to trade news - because: I'm not smart enough to know ahead of time what the market's reaction is actually going to be to said event.
However, it has been my observation over a period of time, trading NQ, that often, when news breaks, the market will break either up or down. Then there will often be a sharp reversal, sometimes equal to (or even greater than) the initial move.
After the reversal, there will often be another reversal, where the NQ will head back in the original direction that it began on the intial move. (right after the news hit the wire) This 3rd move will often exceed the 1rst move either in height or depth depending on whether the first run was up or down.
This is not always the case - but it seems to me that it plays out this way, more often than not. I've made a couple of bux, playing move 3 and sometimes move 2 (the first reversal) However, I'm not in love with excitement and usually play move 3 - if I play any of it at all.
Good trading to ya.
For what it's worth (or not worth) I rarely try to trade news - because: I'm not smart enough to know ahead of time what the market's reaction is actually going to be to said event.
However, it has been my observation over a period of time, trading NQ, that often, when news breaks, the market will break either up or down. Then there will often be a sharp reversal, sometimes equal to (or even greater than) the initial move.
After the reversal, there will often be another reversal, where the NQ will head back in the original direction that it began on the intial move. (right after the news hit the wire) This 3rd move will often exceed the 1rst move either in height or depth depending on whether the first run was up or down.
This is not always the case - but it seems to me that it plays out this way, more often than not. I've made a couple of bux, playing move 3 and sometimes move 2 (the first reversal) However, I'm not in love with excitement and usually play move 3 - if I play any of it at all.
Good trading to ya.