Yes, you’ll be learning a free news trading method just by watching the video below! Ever encountered a huge candle out of nowhere when you’re trading? Sometimes, those candles are due to news events. They can ruin your day and cause a huge loss. This video will show you how to plan for scheduled news events AND trade them.
You’ll probably want to get our free news indicator so you can see upcoming scheduled news events directly on your charts. You’ll be up and running in no time! Feel free to explore our downloads page while you’re there.
*As an added bonus, in the video, you can see how well our Trade Scalper trading system performed today. Did you see those same opportunities? We can help you get set up with the Trade Scalper as soon as possible. Combine it with the free news trading method you learned today and you’ll be ready for trading tomorrow!
Tip: we like to dedicate a chart or chart tab to our free news indicator. (This helps prevent clutter on the chart).
In case you prefer to manually check for upcoming news events, we have a weekly news event calendar page here. You can select from two sources: Investing.com and U.S. Econoday. Make sure you have disabled any adblock software or else the news may not load correctly.
As pointed out in the news trading method video, today was one of those days where people expected a continued upward trend after the big green candle. But that did not happen! Many traders with long positions were in quite a predicament. If you buy or sell due to a news event and the market goes sideways, you may want to get out sooner than later.
So, what’s the free news trading method being taught here?
The rules are simple. Please refer to the video. The following is a brief summary…
- Short movement/candles caused by news event: buy the market (go long) after two consecutive candles close above the high of the prior large news candle.
- Long movement/candles caused by news event: sell the market (go short) after two consecutive candles close below the low of the prior large news candle.
At 6:46 in the video, you can see how selling the market would have worked according to the rules of this free news trading method.
In case you’re not familiar with the charts we’re using, you’re looking at NinjaTrader 8 and the E-mini S&P 500 (ES). We like to use either a 5-Minute or 1-Minute chart, but we sometimes use tick or range charts depending on the trading method.
I purchased trade scalper
John Paul is determined to see that I watch and learn from his videos and start trading successfully. He also invited me for more live training with him … Looks like a good venture with a teacher interested to see that I succeed
Satish