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What happens when a news event occurs? Do you try to avoid them or try to capitalize on the sudden volatility? In this video, John Paul delivers an exact trading method for making the most out of these unpredictable movements.
Firstly, make sure you visit Bloomberg’s site to access the economic calendar. Take note of events marked with a red star. These are market pushers. Most of the time, you’ll see large price movement as a result of the announcement. There is no correlation between the type of news “good vs. bad” and how price will behave (if it was only that simple!). Instead, we wait until the large movement is over with then take a trade based on specific rules in the opposite direction (short / long) of the candle. Watch the video for details. You can use this trading method with any trading software. Just remember the entry rules and how to use the proof as provided by price.