HOW TO TRADE THE NEWS TECHNICALLY TO EARN MASSIVE PIPS

News is a tool in the hand of a fundamental trader however a Technical trader can maximize its usage profitably by riding on the trend to rake in a mind-blowing profit during the moments of momentary surge in the action of the market prices.

In the original parlance of the business, this style of trading is regarded as scalping. What we are aiming at is scalping the news with a degree of confidence.

To earn a massive profit the following should be taking into consideration:

a)     Central Banks Calendar

b)    Economic Calendar

c)     Risk Management

Instructions:

Go to www.forexfactory.com set the clock to read your time zone and save the settings. Revert to the economic calendar you will see a three levels of news impact viz:

        i.            Low: Yellow

      ii.            Medium: Orange

    iii.            High: Red

The goal is to focus on the High Impact News report (RED).Be on the trading terminal about an hour to the release of economic report on One hour timeframe, analyze technically the behavior of the currency pair and determine the trend. Then go to 15 Minutes chart do a Multi time frame analyses of the pair as soon as the news is released go to 1 Minutes chart to determine your entry, place your trade on 15 Minutes Time frame using 2:1 risk reward ratio to rake in 100pips.

The following have the capacity to move the market from the moment of release.

·        US Federal Reserve (FOMC)

·        European Central Bank (ECB)

·        Bank of England (BOE)

·        Swiss National Bank (SNB)

·        Bank of Canada (BOC)

·        Bank of Japan (BOJ)

·        Reserve Bank of Australia (RBA)

·        Reserve Bank of New Zealand (RBNZ)

·        Riksbank (SEK)

·        Norges Bank (NOK)

·        USD Consumer Confidence

·        USD Durable Goods Orders 

·         USD Speeches

·        USD ISM Non-Manufacturing Composite

·        USD ISM manufacturing

·         USD Unemployment Rate

·        USD Change in Non-farm Payrolls

·        CAD Unemployment Rate

·        CAD Net Change in Employment)

·        USD Advance Retail Sales

·        USD Consumer Price index

·        USD Consumer Price index Ex Food & Energy 

·        AUD Employment Change

·        AUD Unemployed Rate

·        USD Gross Domestic Product

·        USD Personal Consumption 

·        CAD Gross Domestic Product

·        NZD Unemployment Rate 

·        NZD Employment Change 

·        EUR German Unemployment Change 

·        EUR German Unemployment Rate

·        AUD AiG Performance of service index 

·        JPY Gross Domestic Product Annualized

·        USD Advance Retail

·        GBP Gross Domestic Product

·        USD Advanced Goods Trade Balance

·        CHF Gross Domestic Product

·        AUD Gross Domestic Product

·        NZD Gross Domestic Product

·        JPY National Consumer Price index 

·        USD U. of Michigan Confidence

·        USD Producer Price index


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