Trading against the new

WHAT TRADE against new

When trading the news calmly wait for the data to be published, the market will react after the initial spike play in the opposite direction to catch a pip of correction. The aim is determined by the length of the spike, usually about ten pips.

What new?

Any news that deflect the market with 30-something is a good touch. These are primarily U.S. News - NFP, Retail Sales, CPI, Interest Rate Decision. The sensitivity of the market to macroeconomic news is different. In a sensitive market can be traded against a minor news.

WHO currency pairs?

I traded against the U.S. News in crosses. Always trarsya currency pairs with tight spreads and this limits the selection to two muddy - EURGBP and EURJPY.
EURGBP is safe for trade currency pair. There movements are smaller, which reduces the risk. The smaller and profits.
EURJPY is my preferred pair to trade against the news. The yen reacted more calmly to the news of the states (solutions base rate may be an exception) and movement in it is more gradual. The euro reacted immediately and then corrected. The result is a nice adjustment to the initial spike in the EURJPY. It is this adjustment is our goal.

Agent ...

It is vital to choose a FOREX broker fixed spreads. Otherwise spreads during the news would be so broad that virtually obezmisli to the risk. Most brokers will not make any problem for at least several months trading. Then begin requotes. It's time to change the broker or account.

MONEY MANAGEMENT (MM)

This strategy requires konsvervativen MM. Everyone has to decide what is the maximum exposure that can take. Start small. For me it is too risky to trade this method effectively leverage higher than 1:50....