Thursday, November 1, 2007

Watch out for the news!

Wazzaaa!?

Hey, a friend of mine was asking me yesterday how do I proceed when there are news coming.
A have this ritual of mine, every monday, when I go to ForexFactory and ForexBastarsd, write down the important news for the week on Excell, than I look back into the indexes history(forexbastards has such registers) and write the median price of the last 10 outcomings - for monthly indexes - and 4 last outcomings for yearly indexes.

Than you just set up your StopLoss for that day on positions that must be risky.

Lazy and forex does not match.

Good luck!
:)

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