04-04-2011, 02:50 AM
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#18 |
Join Date: Sep 2006 Location: Santa Barbara Thanks: 7
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| Re: Economic Calendar Reminders Quote:
Originally Posted by maxima » the answer from Tams was the most informative in this thread. If you dont see it - it doesnt actually mean it is not.
The essense is - all the news efficiently have been traded by professional trading desks around the world way before you get them. | This is an interesting comment and one that frankly I did not expect to read here...
For Maxima;
Actually Sir or Madam, the "news" in terms of scheduled economic report releases comes in various "flavors"...that is to say, there are reports that are released on a rigorous schedule and cannot be seen in advance, and then there are reports that are released in advance to "subscribers"....Thos e of us who do this for a living know which is which and as the gentleman has stated, we plan our moves in advance...I guess the only thing I would like to correct is the timing...actually Maxima, most professional offices have an idea of what the report bias will be and we establish our longer term market position anywhere from 10 days to a month ahead of the release, and then we trade around it as the "event" draws near....Splitting the trade this way allows us to hedge and lay off risk when we feel we might be wrong, and to add deltas when we want more risk exposure....Now I wonder if anyone will get this and comment? Oh well. (once again I refer people to Ben Warwick's excellent book on Event Trading).
Good luck everyone. |
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