Strategic Trading: Leveraging Economic News Events: "Trade the news".

Preparation and Timing:

Plan to trade around high-impact news releases, such as the ISM Manufacturing Index.

Ensure you are online and ready to trade at least 5 minutes before the scheduled news release time.

Chart Analysis:

Use a charting platform to monitor the currency pair you're interested in.

Check the current price level approximately 15 minutes before the news release.

Setting Up Orders:

Identify the current price level on the chart, for instance, let's say it's at 1.9696.

Prepare to place two pending orders:

BUY STOP order at 1.9696 +12 pips (1.9708)

SELL STOP order at 1.9696 -12 pips (1.9684)

These orders aim to capitalize on potential rapid market movements following the news release.

Order Parameters:

Set a take profit (TP) target of +12 pips for each order.

Place a stop-loss (SL) of -12 pips for each order to manage risk.

This ensures a balanced risk-reward ratio for each trade.

Execution:

Place the pending orders approximately 2-3 minutes before the news release.

Ensure both BUY STOP and SELL STOP orders are in place.

News Release:

At 10:00 am (Indonesia time), the news is released.

Monitor the market closely for immediate price action following the news.

Outcomes:

If the BUY STOP order is triggered, aim to exit the trade once it reaches +12 pips.

If the SELL STOP order is triggered, aim to exit the trade once it reaches +12 pips.

Remember to strictly adhere to the predefined TP and SL levels for risk management.

Risk Management:

Limit the risk exposure by sticking to the predetermined pip values for TP and SL.

Maintain discipline and avoid adjusting TP or SL levels impulsively.

Profit Calculation:

Aim for a modest profit of +12 pips per trade.

Consistently executing successful trades can lead to significant cumulative profits over time.

Trade Quantity and Lot Size:

Focus on the quantity of trades rather than chasing large pip gains.

Trade with a lot size that matches your risk tolerance and account size.

Example:

Let's assume you trade 20 high-impact news events in a month, each yielding +12 pips profit.

With a lot size of 0.2, you could potentially earn $480 using this strategy in two weeks.

Conclusion:

This strategy emphasizes disciplined trading around high-impact news events.

By aiming for modest profits with controlled risk, it offers a systematic approach to trading.

Remember, adapt the strategy to your own risk tolerance, trading style, and market conditions, and always practice proper risk management.

US. CALENDAR	Rating		Other Name		Avg. Move
Nonfarm Payrolls	A+		The Employment Report		124 PIP
FOMC Interest Rate	A+		FOMC Interest Rate Decisions		64 PIP
ISManuufacturing I	A+		ISM Manufacturing		40 PIP
GDP Deflator	A		Gross Domestic Product		50 PIP
Core PPI	A		PPI: Producer Price Index		46 PIP
Core CPI	A		CPI: Consumer Price Index		37 PIP
Trade Balance	A		International Trade		35 PIP
Retail Sales	B+		Retail Sales		50 PIP
Existing Home Sales	B+		Existing Home Sales		50 PIP
Consumer Confidence	B+		Conference Board Consumer Confid		44 PIP
Durable Orders	B+		Core Durable Goods Orders		25 PIP
PCE	B+		Core PCE Price		25 PIP
Housing Starts	C+		Housing Starts		42 PIP
Initial Claims	C+		Initial Claims		20 PIP
C+		Chicago PMI		25 PIP

Chicago PMI
TIC Report	C+	TIC Report	25 PIP
New Home Sales	C+	New Home Sales	20 PIP
Sentiment Consumer	C+	Consumer Sentiment	20 PIP
Manufacturing Empire	C+	Empire Manufacturing Index	20 PIP
DPA Nonfarm	C+	ADP Nonfarm Employment Change	15 PIP *
Consumer Confidence	C	Consumer Confidence	20 PIP *
Industrial Production	C	Industrial Production	20 PIP
Leading Indicators	C	Leading Indicators	20 PIP
Factory Orders	C	Factory Orders	20 PIP
Consumer Credit	C	Consumer Credit	20 PIP
Philadelphia Fed	C	Philadelphia Fed Index	20 PIP