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Focus on US jobs – Weekly economic review

In this video Kym reviews this weeks key economic news announcements and highlights the key focus of traders.

2 Comments

  1. Gavin-Reply
    March 1, 2015 at 7:16 pm

    Hi Kym
    Great to see some thinking on trading the news, very much appreciate your analysis.
    Could you please tell us how you personally would trade the news?
    Do you think it’s wise to use a news straddle / hedge strategy ?
    Is it better to take a small chunk of pips and a larger position as apposed to setting targets to high?
    During peak events what are your comments on stops and TP being correctly executed ?
    Thanks & regards
    Gavin

    • Kym Watson-Reply
      March 5, 2015 at 11:22 pm

      Hi Gavin,
      We have seen quite a shift in News trading over the last few months. We have seen greater volatility which has meant that the spreads have been widening across the board during news events. We have also seen a significant amount of slippage even though the moves themselves based om my expectation theory analysis have not changed much. With this in mind setting straddles with most news events will not work.

      Large positions do not get filled particularly easily during these periods so there is a greater risk to trying to scalp a few points with a big position. It is possible to trade post news and this is the safest way at the moment.

      As mentioned above getting any sort of fill during these periods at your chosen level is not guaranteed. Liquidity providers are more wary leaving brokers/market makers to take the risk which will result in slippage unfortunately not all positive.

      I hope that answers your questions.

      Best wishes

      Kym

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