HI all,
Everyone knows that trading news spikes is very profitable, heck if done correctly and safely, it can yield of over 99% winning trades. But with the current exposure of news trading and buckled down attampts by brokers, i want to ask some people here 'how to trade retraces?' I am currently having good, not great, success at this type of trading, but would like how other do or determine at the exact time when retraces happen after news events (if any for some news).
Thankx, J
Everyone knows that trading news spikes is very profitable, heck if done correctly and safely, it can yield of over 99% winning trades. But with the current exposure of news trading and buckled down attampts by brokers, i want to ask some people here 'how to trade retraces?' I am currently having good, not great, success at this type of trading, but would like how other do or determine at the exact time when retraces happen after news events (if any for some news).
Thankx, J