This is the second article in the mainstream financial press to mention automated news trading. It only touches this but I did enjoy the part about analysing speeches to make trade.
http://www.reuters.com/article/reutersEdge/idUSN0329446620070404?src=DAI
Thursday, April 05, 2007
Wednesday, April 04, 2007
Austrailian Interest Rate Decision - 3rd April 2007 - guarenteed!
New week, new month, first big trade of the month...good to earn more than enough to live for the whole month in 30 minutes. It is also a big relief since I overslept on Sunday night April 1st and missed a big trade on Austrailian Retails sales.
On alot of interest rate decisions, you can only safely trade one side...ie if they are not expected to raise rates and they do...as the BOE did in the UK in January. However this one was diffferent, the figures were pointing to a rise, opinion was split 50/50 so there was a trade if they didn't raise as well. This is what happened the AUDUSD drop 50 pips instantly.
My mystery broker filled me very well, I was short at 0.8118, my account blipped up a couple of grand. I also got a good fill with my spreadbetting broker, I got in short @ 0.8115 with £10 a pip. I was demoing this platform last week and am working up my bet size as the account increases. This was my biggest win on this platform so far. I got another guy to trade my oanda account, it find to simulateously trade too many brokers is dangerous if there is a conflict or revision. Oanda gave terrible fills, luckily the move was big enough to still get out with some profit.
here is the oanda chart for comparision
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