Forex News Scalping ~ forex trading hours oanda
Forex News Scalping is a strategy based on movement of the price of currency pairs when economic news is released.
Open an Economic Calendar ad example Forex Factory Calendar.
Look for the more important economic news to be released.
Identifies the news that influential the forex market, determine the currency pairs that going to be
affected.
Time Frame 5 min but is not important.
10 minutes before that the news is released place two pending stop orders 15 pips above the current price and 15 pips below the current price.
Generally the forex market before the news is quiete.
But when the economic news is released the currency pairs can do large pip movements in eighter direction. This large mouvement of the price can be a good occasion for scalpers for generate profits.
But not forget that there large spreads.
Step 1
we have two pending order EUR/USD with profit target and stop loss of 15 pips.
Step 2
The news is released.
Step 3
A our order, open the position ( for example buy).
Step 4
Close opposite pending order.
Step 5
Waiting for the result of the trade. |
| Forex News Scalping |
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