We were very fortunate to find Day Trade to Win’s instructional video for trading news events. In under seven minutes, John Paul, DTTW founder and day trading coach, outlines a specific price action strategy you can use to take advantage of price right after a news event occurs. You’ll quickly understand the method and be able to apply it to your preferred charting software almost immediately. Always consult Bloomberg’s Economic calendar first – check for red star events. These red stars indicate market-moving news, usually related to U.S. financial reports and economic outlooks (jobs, growth, real-estate, etc.). If you’re using NinjaTrader, pull up the latest day with a news event and see how the strategy worked. It won’t work 100% of the time (no strategy ever does), but we’ve seen a very high rate of success overall.
This is the type of price action trading that Day Trade to Win teaches – raw, uncut and explained in simple terms. This week (the first of January, 2012), there’s a brand new Group Mentorship session where you can register to learn a host of price action strategies. Traders learn how to quickly adapt to any market’s price action, manage risk and quickly switch between strategies depending on what price is proving. Visit the Private Mentorship registration page to find out what all the talk is about.
