News..
News create market sentiment. There are plenty of calendar tell us the previous and current forecast of the news. What should we do?
News create market sentiment. There are plenty of calendar tell us the previous and current forecast of the news. What should we do?
- I should believe that 95% of forecast in FF is TRUE.
- However, some RED NEWS can change to BLACK NEWS... Look for previous revision..
- If you see Forecast Is Better Than Previous On GBP News; This is Dollar Positive.
- If you see Forecast is Worst Than Previous On GBP News; This is Dollar Negative.
- Focus only on RED NEWS, because 95% of the report is RIGHT.
- If we see GBP Positive: i should bullish bias.
- If you see possibility of revision on RED NEWS: Stay Aside or wait until both news is released and always wait for confirmation before open any trade.
Note: Senang untuk
predict GBP news... If you see GBP positive; but intra day trend change
in 30M as compared to 1Hr trend; then 90% i believe the news will be GBP
negative.
2. Plan for "Free Ride" on every position and never adjust stop loss until TP is reached...
3. Only follow 4hr trends... especially you see not much direction of 1hr trend after news.
4. Do not interpret small time frames momentum on thin volume period.
5. After Big Trending Spike; price always retrace back to 5 SMA of any time frame. 5 SMA is true price. Lots of people get confused when the price retrace back to 5 SMA thinking the trend is going on opposite direction, but it's just a retracement where actually is the true. After it retraced back to 5 SMA, it will start going towards the 4hr trend - only valid for high volatility pairs.
Definition:
After Big Trending Spike - Price move far away above the 5 SMA...
Price alway retrace back to 5 SMA of any time frame - so if suddenly price spike up in one or two bar; and move far above 5 SMA; price is due for retracement to 5 SMA if you see momentum that is far above zero line; sharp pointing down for first time from the previous strong pointing up... Sometimes, you see price is due to move more than 150 pips to reach 5 SMA especially in bigger tf... 12hr and above... Entry is good with SL just above previous high and create "Free Ride" strategy.... If price hit SL; wait for this bar to complete and enter again with SL is just high + spread of previous BAR and create Free Ride Set Up... Just make sure RR is good.
Buy Low Sell High
Bila market volume is very thin; price suka retrace... Thin volume biasanya selepas 2.00 pm u.s session; jika takder big news macam FOMC meeting atau uncle Ben speech.. Perkara nie berlanjutan sehingga tokyo open dan kekadang dekat dengan frankfurt open baru volume high balik. Pada aku bila; orang frankfurt kena masuk kerja, volume akan mula naik - so untuk elakkan confusion 12.00 noon waktu malaysia, boleh dikatakan volume masih thin.
Secara teori:-
1. Price retrace kalau volume thin...
2. Price retrace kalau kena important SR...
3. Price retrace senang ditengok pada momentum reading...
4. Price retrace to 5 SMA is very common kalau ada momentum support...
Berdasarkan asas teori diatas...
Open trade semasa thin volume (after u.s open to before tokyo open) untuk catch retracement if support by momentum. Possible target is near 5 SMA. Took only trade @ near previous week/month/year high for short & @ near previous week/month/year for Long.
2. Plan for "Free Ride" on every position and never adjust stop loss until TP is reached...
3. Only follow 4hr trends... especially you see not much direction of 1hr trend after news.
4. Do not interpret small time frames momentum on thin volume period.
5. After Big Trending Spike; price always retrace back to 5 SMA of any time frame. 5 SMA is true price. Lots of people get confused when the price retrace back to 5 SMA thinking the trend is going on opposite direction, but it's just a retracement where actually is the true. After it retraced back to 5 SMA, it will start going towards the 4hr trend - only valid for high volatility pairs.
Definition:
After Big Trending Spike - Price move far away above the 5 SMA...
Price alway retrace back to 5 SMA of any time frame - so if suddenly price spike up in one or two bar; and move far above 5 SMA; price is due for retracement to 5 SMA if you see momentum that is far above zero line; sharp pointing down for first time from the previous strong pointing up... Sometimes, you see price is due to move more than 150 pips to reach 5 SMA especially in bigger tf... 12hr and above... Entry is good with SL just above previous high and create "Free Ride" strategy.... If price hit SL; wait for this bar to complete and enter again with SL is just high + spread of previous BAR and create Free Ride Set Up... Just make sure RR is good.
Buy Low Sell High
Bila market volume is very thin; price suka retrace... Thin volume biasanya selepas 2.00 pm u.s session; jika takder big news macam FOMC meeting atau uncle Ben speech.. Perkara nie berlanjutan sehingga tokyo open dan kekadang dekat dengan frankfurt open baru volume high balik. Pada aku bila; orang frankfurt kena masuk kerja, volume akan mula naik - so untuk elakkan confusion 12.00 noon waktu malaysia, boleh dikatakan volume masih thin.
Secara teori:-
1. Price retrace kalau volume thin...
2. Price retrace kalau kena important SR...
3. Price retrace senang ditengok pada momentum reading...
4. Price retrace to 5 SMA is very common kalau ada momentum support...
Berdasarkan asas teori diatas...
Open trade semasa thin volume (after u.s open to before tokyo open) untuk catch retracement if support by momentum. Possible target is near 5 SMA. Took only trade @ near previous week/month/year high for short & @ near previous week/month/year for Long.
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