Friday, October 10, 2008

Finding Opportunities in Volatile Markets with NewsTrader EA & 3 Winners Out of 3 Events

Three positive results from three different news events in one day - I was one happy news trader in today's tough market conditions. The Newstrader EA program seemed to help and pick up all the right trades at the right time, yielding a total of 97 pips. The EA charts below show the breakdown of trades.

We'll be staying in touch with the following news trading opportunities next week:

Monday - CHF PPI, GBP PPI; Tuesday - GBP CPI; Wednesday - GBP Claimant Count Change, EUR CPI, US Core Retail Sales & PPI; Thursday - CHF Retail Sales, US Core CPI, TIC Long-term Purchases & Phil Fed Index ; Friday - US Building Permits & Prelim Consumer Sentiment

News event 1: US Trade Balance
Long GBP/USD @ 1.7071 for +25 & 5 pips

News event 2: CAD Trade Balance
Long USD/CAD@ 1.1646 for +25 & 7 pips

News event 3: CAD Employment Change
Short USD/CAD@ 1.1588 for +25 & 10 pips

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