Download this Forex News Trading FREE Report by Henry Liu. Get this powerful Forex Swing Trading End of Day Trading Kit by Bill Poulos FREE. Learn this powerful Fibonacci Retracement method FREE that pulls 500+ pips per trade! Henry Liu on News Trading: I get asked this question a lot, and honestly I’ve to say there are 2 different answers on this:
1. News SPIKE Trading is pretty much dead, with brokers widening spread, delay execution,
and or just downright slip your entries, you’re lucky to break even after a high impact
news releases, let alone trying to make some profits…
2. News Trading however, on the other hand, is alive and well, and as a news trader and
fundamental analysis trader for over 5 years, I’ve to say that it’s still one of the best trading
methods in Forex that provides consistency and profits.
So the next question is, how to trade news properly while avoiding spike trading the news? The
answer is, Retracement Trade. Retracement Trading is to wait after the market has moved initially after the news, i.e. wait until the “spike” is over, and after the market retraces (or comes back) to a certain level you jump in since the market should make another attempt to retest the spike… And this usually take place if the release is strong enough to create momentum.
I think the toughest part of Retracement Trade is to calculate your entry, how long should you
wait? where should you enter? and where should you close the trade? Well, I just uploaded a video on my blog showing you what I do to calculate retracement on my live account everyday, and this video is from a actual trading session with my Mastermind Mentoring group on NFP Friday, April 2, 2010. No theories or hypothesis, but 100% facts backed by results.
Retracement News Trading Insight – Double Fibonacci Method
This video is just my way of saying THANK YOU! There is no obligation and you don’t even
need to opt-in. Just watch it if you got a few minutes to spare. I am planning a secret project to help new Forex traders, and I like to invite you to join this project once it’s available. So please help me out as I’ll be counting on you
Bill Poulos: While researching new ways to save time trading Forex (without sacrificing pips), I kind of stumbled upon 2 ‘discoveries’ that may surprise you. The first one has to do with a ‘flaw’ in how 90% or more of Forex traders think about trading these markets. It’s deceptively simple…
-yet it led me to develop a pretty unusual technique around ‘scalping’ the ‘sweet spots’ of the best Forex markets.
Watch this brand new video I just recorded that reveals these discoveries, along with my unusual ‘scalping’ technique. If you really, really enjoy staring at your computer all day long day trading every nook & cranny of the markets, then you might not like this video, because it shows you how to spend LESS time trading and MORE time ‘having a life’.