- FOMC - US Federal Open Market Committee
- NFP - US Non Farm Payroll - First Friday Every Month
- ECB - European Central Bank
Why? During these news releases you can anticipate great volatility. If you're in a trade, exit at least an hour before. On the day of any of these events you might as well make it a holiday.
Of course if you are a news trader then this is your money making time. Personally I find these events too painful to trade. Sometimes there is a lot of waiting around for nothing. Other times you get false breakouts. Slippage. In the past while living in Canada I could never get up early enough to trade these events with a conscious and clear mind. Just too damn early for me. I don't function at peak capacity. Now that I'm in Thailand I just can't be bothered as I am making consistent profit with my proven strategies. But who knows, maybe one day I'll work on a News Trading Strategy that I like.
