Submitted by Edward Revy on April 22, 2007 – 09:57.
Look for the important news to be released. Choose the most influential ones that are expected to shake the market well. Once got news (last can be found in any Forex economic calendar) find out which currency pair is going to be affected.
Now, 15 minutes before the data is released place buy/sell stop orders on both sides 15 pips away from the current price. Half an hour prior to the big news Forex market usually flats out no significant trading is done, currency is often stuck in a small tight range.
When important news is released, the currency will move easily, producing large pip movements in either direction. Using this scalping strategy, traders will be able to get in and out of the trade in seconds at almost zero risk.
After studying for a while a particular currency pair and its reaction to the news, traders can predict direction of price spikes and the length of the move in pips to set entries and profit targets more accurately.
Another trading approach -Entry 15 min after the newshas been described by Dean on page 2.
Thank you for the strategy. Recently, Ive started to use it on a demo account and it works well. What is your opinion on Olsens scale of market quakes? How are we supposed to implement it in your strategy?
usa clients cant be short and long same time. this 07 post is way outdated
unemployment reports and interesting rates Aud cad nzd
The market prepares for the news. Some orders are put in, some reset, some taken out.
We too place orders 15 ahead – so our actions also count.
Sounds interesting, but I still have question, is there some way how to now exact time when news will be released? Asking because have tried several calendars (mostly having same time of news release) but it happens not so rear that market fluctuates some 20 minutes before news release time shown in calendar. So I cant catch price jump. As from strategy I have to enter orders only 15min before.
Maybe we should create orders some half an hour before schedule? And after 15 minutes if no order has triggered update prices?
Of course we can treat it as bonus if we follow Deans strategy 😀 (page 2) but Im about original one.
I tried scalping on a demo account just after the quantitative easing news – the market jumped by 150 points in a second and I had 2 open trades and didnt have enough time to close them in profit and it resulted in a slight loss. Then I shorted the USD to try to make up for the bounce down and tried adding a hedge to the spread bet and my account got stuck and again ended up making a loss even though I guessed the market right both times.
Okay, a question: if your first Buy and Sell orders werent hit, how do you plan to re-set them? Put them closer or so?
Supposedly there are multiple news release that are of high to medium importance, i set 1 buy and 1 sell trade 15 mins after release of the first news. Both trades doesnt get triggered and soon, the second news is released. So should i cancel both inital trades, and set 1 new buy and 1 new sell order based on the second news release?
some news are more important than other, some are useless and dont move prices at all.
To read about news trading and other stuff go to:
I have tried out the entry after 15mins strategy. It works great when there is only like 1/2 major news coming out for the day. I find that on days when there are multiple news release, the strategy doesnt work. Any comments?
Hi guys.Can you tell me when they are publish the news?Is it everywhere at same time??thanks
While scalping, traders, as a rule, look to evaluate how many pips on average every entry on a certain currency pair in able to produce, and then they would pick the most certain low risk number as their profit target.
Steven, yes after 5 or less or more sounds like a great idea….
Hi i am very new to deed a total amateur..with regard to scalping and placing orders in both directions is there a guide as to when i should take profit..ie after 5 or less or more…any advice would be appreciated
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