HOW TO MAKE DECISIONS BASED ON ECONOMIC NEWS πππ
I'm going to be talking about decision making process before/during/after the news utilizing economic calendar and traditional characteristics of economic news.
THREAD π§΅...
I'm going to be talking about decision making process before/during/after the news utilizing economic calendar and traditional characteristics of economic news.
THREAD π§΅...
1- The Speech of Central Bank Governers π¦
Making decisions, before speech of central bank governers is kind of hard. If we don't have quite obvious draw on liquidity as a target, it's always better to stay at sidelines in these highly manipulative conditions.
Making decisions, before speech of central bank governers is kind of hard. If we don't have quite obvious draw on liquidity as a target, it's always better to stay at sidelines in these highly manipulative conditions.
It's tradable condition for traders, who utilize HTF PD arrays with the context extracted from monthly-weekly-daily sequential and/or COT report analysis.
(For swing traders and short term traders, including OSOK trades)
(For swing traders and short term traders, including OSOK trades)
It's tradable condition for daytraders and/or scalpers, after the first 30 minutes of news releasing.
If the price is resisting to go to the nearest PD array on the HTF and If you see PD arrays supporting each other in opposite directions on lower timeframes (1m-5m)....
If the price is resisting to go to the nearest PD array on the HTF and If you see PD arrays supporting each other in opposite directions on lower timeframes (1m-5m)....
Characteristic : Both-sided liqudiations - generally more than two liquditations
Highly manipulative π
Highly manipulative π
2 - Interest Rate Decisions
To me, it's one of the easiest news conditions to trade. According to my experience, SMTs often form inbetween daily highs and lows during interest rate announcement. We'd prefer waiting at sidelines until releasing.
To me, it's one of the easiest news conditions to trade. According to my experience, SMTs often form inbetween daily highs and lows during interest rate announcement. We'd prefer waiting at sidelines until releasing.
Afterwards, we wait for proper trading conditions to form during its releasing. SMT should be the 1st thing to utilze during interest rate announcement as it's said. Rest is depending on your understanding of price action.
Characteristic : Only one liqudiation only with SMT confluence
Less Manipulative ποΈ
Less Manipulative ποΈ
3- CPI/PPI (Consumer/Producer Price Index) - Inflation
Most of the time taking trades before/during/after CPI and PPI is quite hard. Today is an exception for CPI. We likely see one-sided move without any liqudiation, where IPDA targets higher timeframe PD array.
Most of the time taking trades before/during/after CPI and PPI is quite hard. Today is an exception for CPI. We likely see one-sided move without any liqudiation, where IPDA targets higher timeframe PD array.
Traders can take a trade utilizing SMT, that's being formed on HTF PD array, otherwise not trading CPI is the best decision, especially for daytraders and scalpers.
Characteristic : One sided agressive move without any liqudiations. π
No manipulation at all traditionallyπ°
No manipulation at all traditionallyπ°
3- FOMC (Federal Open Market Committee) Related Events, such as;
βΆοΈFOMC Minutes
βΆοΈFOMC Meeting
βΆοΈ FED Press Conference
βΆοΈ FOMC Member Speaking
βΆοΈFOMC Minutes
βΆοΈFOMC Meeting
βΆοΈ FED Press Conference
βΆοΈ FOMC Member Speaking
These types of events naturally create volatility, however most of the time only one-sided liqudiations are observed.
According to my experince, the biggest volatility environment shows up, when FED Press Conference are aligned with Powell's speaking.
According to my experince, the biggest volatility environment shows up, when FED Press Conference are aligned with Powell's speaking.
Powell speaks first, then FED Press Conference begins 30 minutes later. Otherwise, these events creates less manipulative conditions. SMT still can be implemented to trader's trading model.
Characteristic : Only one liqudiation only with SMT confluence π
Less Manipulative ποΈ
Less Manipulative ποΈ
4- PMI (Manufacturing Purchasing Manager Index)
This is typical event and quite less manipulative in its nature. Traders can take scalps or daytrades utilizing this volatility, based on their trading models around PD arrays, as they often do.
This is typical event and quite less manipulative in its nature. Traders can take scalps or daytrades utilizing this volatility, based on their trading models around PD arrays, as they often do.
Characteristic : Creates intraday volatility only (20-40pips average maximum.)
No manipulation at all traditionallyπ°
No manipulation at all traditionallyπ°
5- Bank Holidays
We don't anticipate volatility during bank holidays, that's why most traders avoid trading bank holidays.
Scalpers can utilize bank holidays with their minimalist take profit levels.
We don't anticipate volatility during bank holidays, that's why most traders avoid trading bank holidays.
Scalpers can utilize bank holidays with their minimalist take profit levels.
According to my experience, scalping during london session on US Bank holiday works, just as scalping during NY session on UK Bank holiday works.
6- Non Farm Payroll, The Godfather
We observe manipulations and liquidity engineerings during entire trading week.
We observe manipulations and liquidity engineerings during entire trading week.
To me, the worst week for daytrades and one of the best weeks for short term and swing traders, when HTF conditions for price are met.
Scalpers can take trades until Friday, NFP Day, having minimalist take profit levels. Scalpers' stop loss hits at breakeven most of the time....
Scalpers can take trades until Friday, NFP Day, having minimalist take profit levels. Scalpers' stop loss hits at breakeven most of the time....
in this conditions, just because IPDA is likely engineering liquidity pools - daily highs/lows.
So, scalper should collapse his/her trades, before price reaches to any high/low.
So, scalper should collapse his/her trades, before price reaches to any high/low.
Swing and short term traders should be at sidelines until friday and they take the shot when HTF conditions are aligned on friday NFP.
Characteristic : Seek&Destroy profile traditionally, both intraweek and intraday during Friday.
We anticipate that :
If Bullish = BSL Run + SSL Run and BSL Run again
If Bearish = SSL Run + BSL Run and SSL Run again
Extreme Level of Manipulation βοΈβοΈβοΈ
We anticipate that :
If Bullish = BSL Run + SSL Run and BSL Run again
If Bearish = SSL Run + BSL Run and SSL Run again
Extreme Level of Manipulation βοΈβοΈβοΈ
Crude Oil Inventories
(An Extra One For Crude Oil Traders)
I think this is going to "Gem" for crude oil traders.
Retail traders interpret oil inventories, based on Supply&Demand, just because which makes sense to them. Yet this is true fundementally, not wrong.
(An Extra One For Crude Oil Traders)
I think this is going to "Gem" for crude oil traders.
Retail traders interpret oil inventories, based on Supply&Demand, just because which makes sense to them. Yet this is true fundementally, not wrong.
Oil Inventories Increases == Demand Decreases
Oil Inventories Decreases == Demand Increases
Actual meaning of increase in oil inventories is that there are inner individuals, who would want to sell them at premium prices π
Oil Inventories Decreases == Demand Increases
Actual meaning of increase in oil inventories is that there are inner individuals, who would want to sell them at premium prices π
OR actual meaning of decrease in oil inventories is that there are inner individuals, who would want to buy them at discount prices π
Briefly, we would want to see increase in oil inventories, while oil prices going into HTF Premium PD array. OR we would want to see decrease in oil inventories, while oil prices going into HTF PD array.
Thank you all, until reading here. Let's put this thread into Top-10 Save to notion threads together. π
Also, I would like to inform you all that my account is under spams and someone injected 1000 bot followers into my account to affect my interaction on twitter....
Also, I would like to inform you all that my account is under spams and someone injected 1000 bot followers into my account to affect my interaction on twitter....
I literally need all your likes and retweets more than ever, in this period to save this account. This account might be banned. I don't know... I dont know how twitter algorithm works.
Loading suggestions...