Forex News releases are coming out. Now, look at the Calendar for News releases that affect the Forex forex trading the news strategy. PPI released around 11th of each month at 8:30 am EST for the prior month.
Treasury Budget released 14:00 EST around the 3rd week of the month for the prior month. GDP released 3rd or 4th week of the month at 8:30 am EST for the prior quarter, with subsequent revisions released in the 2nd and 3rd months of the quarter. 10:00 am EST on the first business day of the month for the prior month. Now that you know at what time you need to be at your computer ready to make the trade, we need to get ready 5-10 minutes before the announcement to trade. Watch how I setup my chart for a news release. Setup to the 1 minute chart on the currency pair you are planning to trade. As you can see above, the current price is 1.