Anyone Have Focus on Trading Unexpected News + Scheduled Data Only (like Me)?

[lastninja2 10]

Reaching out for any other traders with similar interest:

 

Seems the vast majority of traders are busy studying market profile, price action, traditional technical analysis, order flow etc.

Nothing wrong with that at all and I know there are guys out there making big money with some or all of the above.

 

But my focus right now is on trading unexpected news events (using Squawk boxes + CNBC if there's a live speech), and potentially scheduled data releases if I think there's a good play afoot.

 

Basically, I sit at my desk from EU pre-cash and there I remain until EU cash-close / US cash-close if I have nothing better to do.

 

I have a screen of ladders + time and sales, and a bunch of a low-timeframe charts on the other. Screen #3 I use to browse various market-relevant news stories, the Daily Mail and The Chive throughout the sessions.

 

6A: In case PBOC does something.

6B: In case BOE does something.

6J: In case BOJ does something / Godzilla proves to be real.

6E: In case something semi-significant happens in EU or US.

ES: Just to keep myself in the loop.

CL: In case something happens in the Mid-East / Strategic reserves / Massive shocks.

 

I record absolutely everything, including the squawk. Yeah sure, Talking Forex isn't the best feed money can buy, but it's a decent service if you're keeping overheads low.

 

I don't stress about price action / order flow, so I don't mind using Ninja Trader Free Edition to execute my trades.

 

[ame=http://www.youtube.com/watch?v=rCuTLwBxZgc]2012 10 03 TRADE 1 greek debt extension possible - YouTube[/ame]

Here's an example to bring the thread to life. I have a few more but I haven't gotten around to uploading them, and you get the gist of it. So far there hasn't been any massive news, so nothing great to show... if only we'd had that Spanish bailout eh!

 

Any kindred spirits out there?

[TheDude 10]

Ive got a buddy who uses options to trade this way. He has a very high end set up though - colo, 'need to know' news feed etc. Its called Special Situations in terms of 'category'. He does more than ok. A lot of it is automated.

 

BTW, you may want to look at CTS T4 as a trading platform. The premium version includes a top notch real time news feed (and charts inc data for all exchanges). From memory, I think it's like 50c a side to use the platform, capped at $500 pcm.

 

I keep meaning to set up an account to trade stocks in this way - holding for a few days until the move runs out of breath. There's always something going on in stocks on news.

[lastninja2 10]

Thanks Dude great response.

 

You've set me off on a Googling mission to familiarize myself with all the available news feeds out there. I don't have the funds to create a high end setup unfortunately ... will have to wait for a few bailouts / fiscal cliffs.

 

As to equities - yeah... in the longer run I would love to branch out in to trading individual stocks. As you say, always something going on there.

[lastninja2 10]

I intentionally did not bother with those squawks coming directly from US trading pits. Too niche for this thread as I see it.

 

Need to Know News

Washington based. Focus on US and EU government press rooms, actually in THE rooms for figure release. Conflicting reports on forums about them... Apparently went downhill last few years according to some posters.

SCREAM Audio: The only squawk directly from government press rooms | Need To Know News

 

Talking Forex: Squawk

London based Squawk. Global coverage of major forex events. Cheap.

http://talking-forex.com/live.html

 

RANSQUAWK

London based Squawk. Talking forex guys. Very strong negative opinions expressed on forums lol. But some supportive opinions too. (used by some props)

RANsquawk - Real-time Analysis & News Ltd

 

FirstCall: Live Squawk

London based Squawk. Not got much info on them. (used by some props)

Live Squawk

 

Sigma Squawk

London based Squawk. 24 hour. (mixed reviews. Analyst called 'batesy' has previously been lambasted by some forum posters lol?)

Sigma Squawk - Home

 

TTN: TradeTheNews

US based global data feed. 24 hour. (used by SMB prop). Some very strong contrasting opinions on forums. Customer service has been lambasted by some forum posters.

Live Stock Market Forex News Expert Market Analysis - TradeTheNews.com

 

ITC BrokerTalk Squawk

London based Squawk. +Thorough written material on major events; bond auctions, earnings, speakers, central bankers etc. (used by some props)

BrokerTalk Squawk | In Touch Capital Markets

 

Briefing

US based data feed. (used by SMB prop)

Briefing.com

 

Stocktwits

Social network based market info. (used by SMB prop)

StockTwits® - Share Ideas & Learn from Passionate Investors & Traders

 

NewsStrike

An apparently free US based audio feed. At least some forum posters consider it worth listening to.

| NewsStrike.com |

 

 

[ame=http://www.youtube.com/watch?v=QXwskM6sCgQ]Review of online streaming news services with audio for stock traders and daytraders - YouTube[/ame]

Some guy on youtube made this video reviewing a bunch of major news (+ audio based) services. Really impressive effort by this guy.

 

 

Would welcome more opinions on the above list... What you use, what you think is the best for each asset class etc etc.

Would also welcome contributions from other traders interested in unexpected + scheduled news.

Edited October 6, 2012 by lastninja2