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I'm sure you guys just saw the massive move downwards after the Fed rate decision. I've learned that scalping when major news is released is an easy way to make money IMHO. As long as you are in and out quickly.
My question is this; other than The Fed's Interest Rate Decisions and Powell speeches, are there any other news events that consistently trigger massive moves like today?
I wouldn't mind trading only 1-5x a month if it means that each trade can be executed and closed in the matter of seconds or minutes for easy $$$.
Thanks in advance
Can you help answer these questions from other members on NexusFi?
hello, someone has tried to trade news, I saw a system that before the time of the news puts a buy order and a sell order, then closes the order that does not take, it seems like a good idea, I do not know if anyone has tried it successfully.
I think everyone has tried this at one time or another.
The thing is that prices can often whip up and down violently, much too quickly for anyone to react, catching you on the wrong side -- or worse, you can be on the correct side, but stopped out by the gyrations as it whips back against you, hits your stop, and then resumes in your direction again. Quickly. (And you had better have a stop.)
You can, of course, put in buy and sell orders bracketing price above and below just before the scheduled news, and see if you can get into it no matter which way it goes.
Probably everyone has tried this too., and you may find it works for you. Or that it doesn't. A lot of other traders will also have their brackets in, which will only boost the whippiness and therefore your risk.
There aren't that many actually useable "easy ways to make money." Feel free to try it. Just don't risk too much money on it.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
There are a few companies out there that specialize in trading the news such as ‘10 Minute Trades’. Every week 10 Minute Trades will livestream from their trading room one of their trades on YouTube for all to watch and last weeks livestream was the FOMC. They were trading the NQ and expected it to be a breakout trade. A few seconds before the news, their software puts buy orders above the market and sell orders below. When the FOMC news broke, the NQ moved up (a slight whipsaw) and got them long to the tick, 3 contracts. Then it shot down so fast it didn’t trigger the stop. At this point price hovered for a few moments and you could see the moderator, who is trading a live account with the company’s money, was down about -$4K. He didn’t exit the trade as he was hoping it would retrace from there and he could recover some of the losses. But it kept going down and by the time he closed out his 3 lot he was down -$10K on about a $35K account.
