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Originally Posted by moneyline
Well, yes, but there's a lot of guessing. Notice the yo-yo action on news days? If there was a way to know the published reports it would help all to take the right side of the market.
Big institutional traders pay for expensive news services that will deliver the published reports in the blink of an eye. As far as I know those services are off limits to the average small trader.
Why do you think the big traders pay for those services? Because it helps them make over and above the cost of such.
moneyline
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Sounds like you try to trade the news, most often the 50 EMA cross is a result of these news turns, I use
www.tradethenews.com the news sometimes are 30-45 sec faster than Market News International from my broker. I think you are right that I helps to pay attention to news. But warning here news release are very complex (NFP) and most of them you better stay away, CATFX50 best part is that it often picks trend reversals on higher time frames (30min) with good strenght (indicator) so that they move a good amount of pips. Now when you see CATFX50 crosses 50EMA with all indicators go at 8:30AM EST and the news event is NFP or CPI or PPI etc. etc. you have a riskier entry, specially when news are unexpected higher or lower than expected, if you get stopped out, thats not CATFX fault, price can be volatile at these times, even with the right direction on CATFX and the news a good swing can take out your S/L of 20 or 34 pips like nothing and than move the way you picked.
CATFX gives good entries, it's up to every trader personal trading style how much risk you like to take, Nina always post before NFP monster to be at least carefull, and another member post news events every day.
Good luck