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  • Easy News System

    This method will show you exactly how I trade the news while at the
    same time side stepping all the common problems that are associated with trading the news.

    This system enables you to spend very little time trading yet produces fantastic results averaging 150-200 pips every month.

    If you are new to trading you will be happy to know that you do not need special skills in order to use this system. As long as you can set pending orders in your trading platform you will be fine.

    Please do not jump straight into the market without demo trading first,this is very important.

    Ok with all that out of the way let crack on!


    Let's discuss the news in the forex market before we go any further. In order to use this system you will need to know how to read upcoming news and plan when you will be trading.

    It is important that you make notes for the upcoming month with exact times each report will be released. You will be preparing to set orders not long afterwards. The most common way to trade the news is to wait for the report to hit and open a trade in the direction the currency pair moves.

    Brokers widen their spreads as a news report is about to hit because there is very little liquidity in the market, sometimes spreads can get as high as 25 pips!






    15 minutes after the report has been released the current candle will close and we are ready to make our trades.



    Set two orders one sell order 2 pips below the candle and one buy order 2 pips above the candle. Each trade should be set with a 20 pip stop + spread and have a 20 pip trailing stop in place.







    Rules of this system

    Let's run through the simple rules just to make sure you understand.

    1. Check the upcoming news reports and plan the times you will
    be trading for the USD and GBP.

    2. On a USD?GBP 15 minute chart be prepared to set your
    orders once the first 15 minute candle of the news has closed.

    3. If the currency pair has moved more than 70 pips before you
    place the orders DO NOT TRADE!

    4. If your broker spreads have still not returned to normal for
    some reason after the 15 minutes DO NOT TRADE!

    5. Set your orders 2 pips above/below the 15 min candle both
    with 20 pip trailing stops.

    6. Once one of the positions is at break even from the trailing
    stop remove the other pending position.

    7. If one of the trades results in being stopped out leave the
    other pending order to be filled in the opposite direction.

    8. Once a trade is open do not touch it, let the trailing stop take
    you out of the market.

    9. Keep records of every report you trade with notes, this will
    help you greatly in the future.


    This system has proved itself to me through my testing and tweaking, don't be afraid to make it your own once you have got used to it. I am sure there are several more profitable ways to use this system.

    The beauty of this system is it requires very little time and very little
    experience to trade it.


    Enjoy your trades guys...
    wish you all a SUCCESS & PROFITABLE trades



    Risk Disclosure:
    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
    All Technical Analysis and resulting conclusions and observations are based upon historical chart formations and patterns. Therefore, observations are a function of each analyst’s interpretation of the charts. What has happened 75% of the times in the past per a particular chart pattern does not mean it will always recur in the future. It logically follows that historical precedent does not guarantee future results. Conclusions expressed in the technical analysis section are personal opinions of the analysts.


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Market Forecast

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5th January 2011
EUR/USD
Sell at 1.3200 TP 1.2670


Note: "Staying on the sideline is as good as winning"






Disclaimer: It logically follows that historical precedent does not guarantee future results. Conclusions expressed above section are personal opinions of the analysts.


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