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[RT] Re: econmic reports



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>I haven't found one and occasionally get dinged on a day when some
unexpected >news comes out
>
>

If you are day trading and are in the market when an economic report is due
then you are gambling on what the market is going to do.   It is best to
withdraw to the sidelines and then re-join the market afterwards, according
to what the price action is showing you what the market is doing.   There
are a number of sites to keep you on track with reports, such as
Dismal( www.dismal.com/economy/releases/calendar.asp) or CBOT
(www.cbot.com/marketinfo/calendars/ficalendars/currentfi.pdf) and it is
essential to have CBNC turned on when you are trading to pick up sudden news
items and confirmation of reports (but run the television on mute, so as not
to be influenced by those who think they know what the market is going to
do - which is definitely of no positive value whatsoever, and almost
certainly negative if you hear it!)

Position trading is a different matter and you should seek the experience of
those that can play that method of trading successfully...

Hope this helps

Bill Eykyn
www.t-bondtrader.com
"Learn to read the tape"

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