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Commodity_Trader said:
so it means only specific news (not all of red star news) affects an instrument and i should avoid only a few of them which are rare ?
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My understanding of the rules is that you should avoid the specific "red star news" that relates to a specific instrument. For example, if crude inventories are going to be released in 5 min, then flatten your CL trade, and wait for the release before placing another CL trade. On Fed days, the FOMC rate decision will be a red star news event, so close out ES/GC 5 minutes before the news, since those are directly impacted, and wait until the release before entering again. Perhaps you can add NQ and YM to that mix as well.

It would be impossible and silly if they had a rule to avoid ALL news events, or you would never be able to take ANY trades! Some news events occur randomly and are unpredictable, such as the Russian/Ukraine crisis, when ES takes a hard drop intraday, only to recover later.

If you want to hold an instrument for "5 hours" as you mentioned in the other post, I'm not sure why that would not be allowed, as long as it wasn't going to be during a "red star news" event that would create a direct impact on that specific instrument. Besides, if you had an AUTO OCO order then it would be protected regardless of news, even with slippage.
 
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ScalperJoe said:
My understanding of the rules is that you should avoid the specific "red star news" that relates to a specific instrument. For example, if crude inventories are going to be released in 5 min, then flatten your CL trade, and wait for the release before placing another CL trade. On Fed days, the FOMC rate decision will be a red star news event, so close out ES/GC 5 minutes before the news, since those are directly impacted, and wait until the release before entering again. Perhaps you can add NQ and YM to that mix as well.

It would be impossible and silly if they had a rule to avoid ALL news events, or you would never be able to take ANY trades! Some news events occur randomly and are unpredictable, such as the Russian/Ukraine crisis, when ES takes a hard drop intraday, only to recover later.

If you want to hold an instrument for "5 hours" as you mentioned in the other post, I'm not sure why that would not be allowed, as long as it wasn't going to be during a "red star news" event that would create a direct impact on that specific instrument. Besides, if you had an AUTO OCO order then it would be protected regardless of news, even with slippage.
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TST told me they are going to announce final decision about this confusing issue on Friday .so , it was a good answer that even GC,CL,NQ should be closed before FOMC.
 
TST updated it's policy about economic release in this link.
as it turns out , All Financials(Note,Bonds,etc..), Metals(GC,..), and Currencies (FX) must be flat for the those 18 important events .
it means indices like (ES,NQ,YM..) don't need to be flat at anytime and Energy products need to be flat only at EIA reports .

also they require the position to be flat 5 minutes before release and the ability of trade just after release .
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after giving them feedback regarding this confusing issue ,they helpfully updated this and that's a good sign that TST takes care of feedbacks and questions.
 
Commodity_Trader said:
TST updated it's policy about economic release in this link.
as it turns out , All Financials(Note,Bonds,etc..), Metals(GC,..), and Currencies (FX) must be flat for the those 18 important events .
it means indices like (ES,NQ,YM..) don't need to be flat at anytime and Energy products need to be flat only at EIA reports .

also they require the position to be flat 5 minutes before release and the ability of trade just after release .
---
after giving them feedback regarding this confusing issue ,they helpfully updated this and that's a good sign that TST takes care of feedbacks and questions.
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I'm surprised ISM-Services is not on the list. It's usually released two days after the ISM-Mfg Index.
 
cornix said:
I wonder if there anything similar to TST, but for longer-term (days to weeks holding time) trading in the future markets?
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Probably through a hedge fund structure, however it's doubtful any such firm would advertise here on ET to solicit traders. It's a good thought, as swing/position trading this market is working well. 100 S&P points down in July, then up in August, which equates to 5k on 1 lot each side, with no daytrading in/out. Of course, it requires equity to hold it, $4,500 per lot with AMP, probably around the same with other futures firms.

Prop firms, whether its equities or futures, are not willing to take such overnight risks without a capital contribution. Even when you put up money at an equity prop shop, the majority (Bright being one of the exceptions) will not allow for any overnights.
 
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