What does everyone do for streaming news?

[cable]

As always, Scientist, good post (the big one two up, that is). A lot of people flame you for posting, but you always have a solid viewpoint and back it up with solid reasons. Good stuff.

 

[FuturesTrader71]

Has anyone gotten their NTKN to work with the java applet? Mine keeps crashing on my home as well as my office machine dedicated to such services.

Anyone testing the service as we speak?

 

[scalp100]

Quote from FuturesTrader71:

Has anyone gotten their NTKN to work with the java applet? Mine keeps crashing on my home as well as my office machine dedicated to such services.

Anyone testing the service as we speak?

i use the NTKN service with the java applet, never have problems with it. How long ago did you download java?

 

[FuturesTrader71]

Quote from scalp100:

i use the NTKN service with the java applet, never have problems with it. How long ago did you download java?

I just installed it again the other day. It shows the java cup on the grey screen for about a minute and then it gives me an X. Thought it might be due to a firewall, but I tried it from home over DSL without any routers in between and it gives me the same thing. Kinda disappointing.

 

[trdinglife]

Quote from peterfigliozzi:

Pete: "I don't even look to see when the scheduled economic announcements are anymore."



I trade four futures markets (sometimes more). I'm interested to hear why you think it is stupid.

Well there seems to be quite the dichotomy of opinion on the use of news for trading...but there are several situations that I can think of that having access to streaming news is important... while some may think these situations apply more to day traders, position traders can get some pretty favourable trade locations should they see this news and react to it quickly...

1. The release of the Non-Farm payroll numbers every Friday of the month

2. The release of the Federal Reserve interest rate announcements.

2. Recently, (thought this is highly oil futures specific but the S+P can be traded quite effectively off these releases as wel) the release of the Oil inventory numbers every Wednesday of the week.

3. Terrorism...I sure hope you guys aren't short bonds/long stocks and wondering why your technical levels aren't working!lol.

 

[andy@ntkn]

Thanks to the people who are trying Need To Know News. We recently did a server upgrade. Anyone who has trouble loading the applet should simply try to refresh it by right clicking on it or closing and reopening the audio channel. Also make sure that in your advanced tab of internet options on internet explorer, the "use java applet/requires restart" box is checked. I am always happy to answer any other technical questions.

 

[swoop[TR]]

Quote from peterfigliozzi:

Pete: "I don't even look to see when the scheduled economic announcements are anymore."



I trade four futures markets (sometimes more). I'm interested to hear why you think it is stupid.

Why is it stupid not to know when news hits?? Are you serious?
Payroll friday can be one of the more volatile days of the month, some of the biggest traders go flat into the news and you're asking me why it's stupid?
Do you understand what I was saying or...?

 

[swoop[TR]]

Quote from Scientist:

Me neither. What's the point?

As for swoop[tr], I trade index & bond futures and even forex, or to be precise, the DAX, ER2, ES, ZN, BUND and EUR, JPY, GBP & AUD.

Haven't traded stocks for years. Too much commish, too much tax, too little diversification etc. So what are you talking about?

On my screens I have a big range of clean charts in different timeframes, a range of tapes, range of depths & selection of market profiles.

Why do I need subjective opinions or releases, if I can extract all the objective market-generated information I need from the above sources?

News don't do anything. Not just that trading right at a release is usually too late, but the majority of the time they just reinforce what's already in the charts, anyway, or for that matter, reflect what the insiders have already acted on, before the public knows the news. News are just news, and a lot of them are highly subjective.

As for the like of economic number announcements, well the trouble is that they're usually right, whereas the markets usually aren't. The markets are usually wrong. So really, they aren't very compatible. What's the point in looking at what's "solid" or "fact" or "right" (news) if you want to be as objective as possible about reacting to what the manic depressive crowds do (markets)?

By the way, before you start flaming me on the point "The markets are always wrong", well actually both Soros and Buffett (the two richest investors/traders in the world and by the way both of them ignore news and external research, too) equally agree on this one, so go and dare to argue if you wish, but argue with someone else. What I do works for me, I hope the same applies for you. And have fun with the news, good if they do wonders for you.

Compliments
-S

I'm not saying that it shouldn't work, I say that you should know when major releases are... terrorist news and stuff like that, who cares cause it will move the market at random, but big scheduled announcements are important. Point blank; you can argue with me if you would like ...

 

[cable]

I got one of my more useful tips for using news from Larry Williams*. He watches the news to see if the market reacts as it SHOULD to the news -- any divergence signals an extraordinarily strong or weak market, depending on which way it differs. This tip was pretty useful during the DotCom Boom. Kept me hanging on to some stocks longer than I would have if the stocks' resilience hadn't been proven by shrugging off massively bad earnings reports (which every stock had back then!)

* I know, I know.

 

[chs245]

Are you claiming that you are faster than theFlyontheWall.com ?
In which areas ? I'm mostly interested in Analyst Actions. Could you back up your claims by some facts ?

Thanks,

OLiver

Quote from andy@ntkn:

With regards to the service you were comparing us to, we are much faster, cover a broader range of topics, and broadcast economic numbers the second they can be legally released. In addtion we are an audio service unlike the one you mentioned.