newschool wrote:Braathen wrote:
IN MY OPINION... Once you eliminate fear news is not an issue.. cuz price just does what price does... news or not.. yes news looks scary on a 5m chart.. but not when u got the bigger picture in mind
Well we don't have the same definition for "news trading" then.
If you are already in a trade and positive by dozens of pips, of course you can take a bet and see if price continue your way (or loose your profit for a breakeven if it doesnt...). But if you wait till the news is coming out to enter during a high volatility period with a huge spread and extremely quick movements with requotes, then get your credit card out already.
agree, it all depends. when you are long term trading , having a trade open which is hundreds of pips in profit or if you are scalping are 2 totally different things. But as i read that the topic starter likes scalping, i would advice to stay away from high impact news; start with ONE method ONE pair and practice, practice till profitable. Or just get directions to the casino.