How To Trade Macro News Using Reversal Trades

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Trading during the macroeconomic news is obviously very risky and I wouldn’t recommend it to anybody. However, there is a way how you can participate in a strong macro news. Let me demonstrate on a trade which I took with members of my course yesterday.

The trade was based on my USD/JPY intraday long level (111.47) that got hit on Friday during the NFP news (Non-Farm Employment Change). I never trade during such important news so naturally, I didn’t enter the trade. The price went past the level without any reaction and continued downwards. I marked the level and I was ready to take a reversal from this area. I did this on Monday when the price finally retraced back to the level. Check how the trade went on the picture below:

Another trade I took was a short on the EUR/USD from 1.1562. This level was based on the “Volume accumulation setup” and also on “Support becoming a resistance” setup. It is the combination of different setups that makes the strongest trading levels. Check out the trade in the picture below:

Here is a Daily video (I did for members of my course yesterday) in which I talk about reasoning  behind those two levels before they actually got hit:

Happy trading!

-Dale

*P.S. If you would like to learn & trade with me every day you are very welcome to join me here: Dale’s Private Trading Course

*P.P.S. I have just released a new book: VOLUME PROFILE: The insider’s guide to trading. I put a ton of work into it and I am sure it will prove extremely helpful to you. Go and get your copy HERE. I guarantee you that this will be the best $4.99 you ever spent.

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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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