Use any economic calendar to monitor news releases. (forexfactory, myfxbook).
Below is how I adapt to news when trading my personal edge, including the pairs GBPUSD, EURUSD, AUDUSD and XAUUSD in my times. If you have tested pairs with other currencies, for example with CAD etc, make sure to be aware of related news there too.
Which news do I adapt to:
💀USD high impact news - I have closed out any trades on any of my pairs before the news release, regardless of if I am in deep profit or loss on the trade. I do not enter trades on any of my pairs within 30 mins before or after a high impact USD news release.
💀GBP high impact news - I have closed out any trade on a GBP or EUR trade before the news release, regardless of if I am in deep profit or loss on the trade. I do not enter trades on any GBP or EUR pair within 30 mins before or after a high impact USD news release. If the news release is CPI/ Inflation or Interest Rates, I also close out/ don’t enter trades on all my other pairs too.
💀EUR high impact news - I am not concerned about EUR news as it does not tend to affect my pairs much in my experience. The only EUR news I close out/ do not enter trades on is Inflation/ CPI. Note the EUR news only applies to news on the economic calendar with the European flag next to it - not the random countries within the EU, such as Germany, Italy etc.
Below is how I adapt to news when trading my personal edge, including the pairs GBPUSD, EURUSD, AUDUSD and XAUUSD in my times. If you have tested pairs with other currencies, for example with CAD etc, make sure to be aware of related news there too.
Which news do I adapt to:
💀USD high impact news - I have closed out any trades on any of my pairs before the news release, regardless of if I am in deep profit or loss on the trade. I do not enter trades on any of my pairs within 30 mins before or after a high impact USD news release.
💀GBP high impact news - I have closed out any trade on a GBP or EUR trade before the news release, regardless of if I am in deep profit or loss on the trade. I do not enter trades on any GBP or EUR pair within 30 mins before or after a high impact USD news release. If the news release is CPI/ Inflation or Interest Rates, I also close out/ don’t enter trades on all my other pairs too.
💀EUR high impact news - I am not concerned about EUR news as it does not tend to affect my pairs much in my experience. The only EUR news I close out/ do not enter trades on is Inflation/ CPI. Note the EUR news only applies to news on the economic calendar with the European flag next to it - not the random countries within the EU, such as Germany, Italy etc.
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All our work is for informational and educational purposes only. Past performance does not guarantee future results.
All our work is for informational and educational purposes only. Past performance does not guarantee future results.
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