Forex News
Unemployment report, which is released on the first Friday of each month
* very quick moves following announcements
* the largest moves are usually made when the numbers miss or beat expectations
* placing trade before by anticipating the market’s movement
* only trade the direction that the market has been trending on the daily charts previous to the announcement
* only enter the order if just prior to the announcement the market has been in a fairly tight range – too risky when seeing large moves the night or several hours before an announcement
* upside potential based on the average movement I have seen on this pair during previous months
* Entering the trade 30 minutes before the announcement gives me plenty of room before the pair breaks out of its range
* pretty aggressive stop-loss-to-profit-target ratio e.g. 1:4
International trade is another announcement released an hour before the equity markets open at 8:30 am eastern
If the U.S. is doing the importing – stronger Japanese yen and a weaker U.S. dollar
barrier option also known as a binary option
* don’t have to use a stop loss
* don’t have to worry about timing my exit
* possible to straddle (or strangle) – anticipating big move in any direction
* e.g. speculating on an ongoing bit of news – rising oil prices and its effects on Forex crosses involving oil-producing and oil-consuming countries, e.g. AUDJPY .
* very quick moves following announcements
* the largest moves are usually made when the numbers miss or beat expectations
* placing trade before by anticipating the market’s movement
* only trade the direction that the market has been trending on the daily charts previous to the announcement
* only enter the order if just prior to the announcement the market has been in a fairly tight range – too risky when seeing large moves the night or several hours before an announcement
* upside potential based on the average movement I have seen on this pair during previous months
* Entering the trade 30 minutes before the announcement gives me plenty of room before the pair breaks out of its range
* pretty aggressive stop-loss-to-profit-target ratio e.g. 1:4
International trade is another announcement released an hour before the equity markets open at 8:30 am eastern
If the U.S. is doing the importing – stronger Japanese yen and a weaker U.S. dollar
barrier option also known as a binary option
* don’t have to use a stop loss
* don’t have to worry about timing my exit
* possible to straddle (or strangle) – anticipating big move in any direction
* e.g. speculating on an ongoing bit of news – rising oil prices and its effects on Forex crosses involving oil-producing and oil-consuming countries, e.g. AUDJPY .
