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Tool for knowing the end of a speech


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Tool for knowing the end of a speech

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Renkotrader's Avatar
 Renkotrader 
Frankfurt, Hessen, Germany
 
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Hello Traders,

I am searching for a tool, news feed, ressource, app, programm, website, sms service, mail service, link list, tweet channel, rss feed or whatever, where I get the end of a speach.

No, i dont want a news feed for general informations, that perhaps are giving to a speech from Christine Lagarde, De Guindos (EZB), a FED speaker, a bank speaker (USA, GB, Germany) or whoever informations before, while oder after this speaking. I tryed news abonnenents, but the test results were fully dissatisfied: to much news, no end of a speech, and some speech infos, that I cant and dont want to use as a daytrader.

At Friday I lost money, because I thought, Christine Lagarde finished her speech, so the NQ jumped with a slippage short against my position and terminated its. If I had known, that the speech is not over yet, I had not made this trade. This losts are very unnecessary and costs performance.

Thank you for your ideas.

Best regards,
Renkotrader.

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bcomas's Avatar
 bcomas 
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Hello Renkotrader,

The best way is to avoid news. So close the positions before news in red or green. The news with high volatility. No indicator is invented about when somebody will finish his speach.

My suggestion

Bernard
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Renkotrader's Avatar
 Renkotrader 
Frankfurt, Hessen, Germany
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: APEX & NinjaTrader Brokerage
Trading: 6E, 6J, CL, ES, FDAX, FGBL, GC, HG, NQ, RTY, SI, YM
Posts: 544 since May 2012
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Hi Bernard,

the problem is: if I dont know, what time the speach is finish: should I wait 15 minutes? 30? 60? An EZB speach shows results after more than an hour! That is no strategy. It is really not possible, to get an valid information? I really cant believe, that there is no valid possibility.

Best regards,
Renkotrader

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