Forex Trading 2018- TA/FA- Setups and discussion, page-4768

Hey Cooder,

The way I trade the news is what works for me, but not necessarily the best way to trade it. So yeah man, make it your own. I don't ever move my stops. I don't enter a trade thinking I'm right, I enter knowing I'm right - therefore, there's no reason to move my stop.. It'll hit my target.. and if it doesn't and hits my stop.. then I was wrong.

I also get up in the middle of the night to trade the London and US sessions. I do all my research before hand, setting the high and low figures I want it to miss by before I'll even considering taking the trade, set an alarm for 10mins before the release, check the result and if it missed by what I thought it would then I take the trade and go back to bed. 

I also don't bother looking at every release/pair, I just focus on:

USD

EURO

GBP

AUD

- I'll look at NZD and CAD occasionally but they have to be a big miss on consensus. I don't bother looking at anything else - even the Yen. I'm not watching the CAD this week because it's at 2.30am on Saturday my time.

And you could make a living just trading the news.. a lot of people do.. it just depends on your position size. I personally prefer regular trading from news strategies as it's easier and less stressful. But again, whatever floats your boat man.