News Trading Strategy :
Here are ten (10) Large Ranked News that need into account:
NonFarm_Payroll USA (effect of 100-200 pips).
Trade Balance USA (effect 70-120 pips).
Interest Rate Statements (effect 100 pips).
Durable Good (effect 50-100 pips).
Producer Price Index (effect 50-60 pips)
PPI excl. Food and Energy (effect 50-60 pips)
Consumer Price Index (effect 50-60 pips).
CPI excl. Food and Energy (effect 50-60 pips).
Trichet, Bernanke, and Fukui Speaks (effect 30-100 pips).
Unemployment Rate (effect 30-50 pips).
OK, please use traps in 10-15 minutes before News emerged. Aside from this News, please ignore it
Open metatrader with a time frame 30 Minutes
Check price now
Open 25 to 30 pips from current price, eg GBPUSD price now is 1.4225, then you can open BUY and SELL STOP STOP 1.4250 at 1.4200.
Take Target accordance with its SECURITIES Strength, for example, Take Profit = 50 (TP up to you)
Do not forget to use Stop Loss 50% of your target, eg Stop Loss = 30
If you use Metatrader for real trading, then do not forget to set Trailing Stop = 15, how to right click on your order and then Set Trailing Stop 15 pips.
Trailing Stop aims to shift the stop loss into a take profit. eg Stop loss is -40 pips early beginning, then when you profit +30 then the Stop Loss will be automatically shifted increasingly +15 pips and profit increases, the trailing stop will automatically increase.