BEST Forex NEWS TRADING SYSTEM You Must Know Before Opening A Forex Trading Account

High Accuracy Ichimoku Cloud Super FOREX NEWS Trading – BEST Forex NEWS TRADING SYSTEM You Must Know Before Opening A Forex Trading Account.
 
The Ichimoku cloud is a chart used in technical analysis that shows support and resistance, and momentum and trend directions for a security or investment.
 
It is designed to provide relevant information at a glance using moving averages (tenkan-sen and kijun-sen) to show bullish and bearish crossover points.

 

The “clouds” (kumo, in Japanese) are formed between spans of the average of the tenkan-sen and kijun-sen plotted six months ahead (senkou span B), and of the midpoint of the 52-week high and low (senkou span B) plotted six months ahead.

 

Forex News Trading Strategy

High Accuracy Ichimoku Cloud Super FOREX NEWS Trading Strategy was developed specifically to trade important Forex news with as little risk as possible.

It can be used only for influential Forex news releases such as US GDP, Non-Farm Payrolls, or Interest Rate decisions.

Although all currency pairs react to such news, the USD-based currency pairs show the best result due to low spread and high liquidity.

 

How to Trade?

• Choose an important news release that has a high impact on Forex pairs.
• For EUR/USD and GBP/USD, I recommend
  • US GDP,
  • US nonfarm payrolls,
  • US interest rate decisions,
  • Eurozone interest rate decisions,
  • and US PCE reports.
• Open BUY or SELL positions after the scheduled news release.
• Set stop-loss for both positions to 10-20 standard pips depending on the expected news volatility.
• Set take-profit to 5 × SL. It will provide the necessary risk-to-reward ratio.

 

BUY Rules

• Before News Release
  • Price above Uptrend Rainbow Moving Average (BUY only condition)
  • Price above Uptrend Ichimoku  Kumo  (BUY only condition)
• After News Release
  • Price upward (Above Tenkan Sen line and MA 14 Line)
  • Chaikin Oscillator upward and above 0 level
• Signal Trend green color
• NO SELL Open Position

 

SELL Rules

• Before News Release
  • Price below Downtrend Rainbow Moving Average (SELL only condition)
  • Price above Downtrend Ichimoku  Kumo  (SELL only condition)
• After News Release
  • Price downward (below Tenkan Sen line and MA 14 Line)
  • Chaikin Oscillator downward and below 0 level
• Signal Trend red color
• NO BUY Open Position

 

Forex NEWS Trading Note

“Don’t think about what the market’s going to do; you have absolutely no control over that.

Think about what you’re going to do if it gets there.

In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there’s nothing more for you to do.

Focus instead on those things you want least to happen and on what your response will be.”

– William Eckhardt