ilmscore | Prediction Details
"looking for another red flag news event for either Canada or the dollar and that brings us all the way to the 14th of September and we have crude oil inventories for the dollar at 9:30 a.m. so let's check out 9:30 on the 14th of September bring our horizontal line with us and here we are at 9:30 a.m. my buy stop would be 10 Pips or so above here 5 to 10 Pips above that and my most previous support level is right in here so that's what the sell stop would look like and in this case guys if that amount of time goes by 9:30 until 1:30 that's that's way too many hours have gone by without the market reacting so these red flag news events are supposed to be the most volatile news events for the market and if there's no volatility when the event comes out if this many hours go by then I cancel both orders so this would not have necessarily been a loss I just would have canceled the order after an hour or two of the market consolidating instead of creating a new trend or continuing in the trend it's already in"
By The Trading Channel (The Trading Channel) | January 27, 2017 | Pending
From video
How to create a news based trading strategy ( Free Strategy ) 00:08:52 - 00:09:56
Interpreted Prediction
If a high-impact news event like USD Crude Oil Inventories (September 14th, 2016, 9:30 AM) occurs but the market shows no significant volatility or reaction for several hours, the strategy dictates canceling both the buy and sell stop orders to avoid trading in a consolidating market.

Prediction Details

Ticker
USD

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