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About Economic Indicators

Hi, I am a trader with a track record of managing 10 billion yen.
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I've been receiving numerous questions about economic indicators and find it challenging to address them all. Therefore, I will address some common questions here.

Please take a moment to read and understand the responses provided.

Table of Contents
Common Questions About Economic Indicators:
Q1: Do you pay attention to economic indicators?
Q2: Why don't you pay attention to economic indicators?
Q3: What if I am in a position before an economic indicator is released?
Q4: What should I do after an economic indicator has influenced the market?

Common Questions About Economic Indicators

Q1: Do you pay attention to economic indicators?

These days, I rarely focus on them.

Previously, I paid attention to:

U.S. Employment Situation
FOMC meetings
ECB rate announcements
Bank of England rate announcements

However, lately, I sometimes even forget the dates of such reports, indicating that I barely keep track of economic indicators anymore.

I used to check the economic indicators calendar daily, but now, I hardly ever look at it.

Q2: Why don't you care about economic indicators?

This is the most common question I receive.

If you've been following my approach, you know it involves rigorous practice using simulation software, collecting data, and only moving to live trading after consistently achieving positive annual results, no matter how often the process is repeated.

Those who jump directly to live trading without this groundwork often end up losing their money and leaving the Forex market. My advice? Quit Forex now if you haven't prepared adequately.

Consider this: when you were practicing with the simulation software, "This economic indicator was released then, and this one will be released today..." An entry point appears! But an economic indicator is due to be released in a few hours.

Did you incorporate the entire schedule of economic indicators into your practice trades? I suspect not.

You likely focused on pure technical trading, ignoring economic indicators. And because you were able to achieve positive results consistently, you gained the confidence to transition to real trading, convinced of your strategy's effectiveness.

So why should you suddenly focus on economic indicators in live trading? That's my point.

You've practiced for years with historical charts that already factored in all economic indicators and achieved consistent, positive results. Why should live trading be any different, especially if your strategy doesn't consider economic indicators?

Thus, I don't place much emphasis on economic indicators.

However, being aware of the schedule of major economic indicators and avoiding trading just before and after their release can help prevent unnecessary losses.

On the other hand, by doing so, you might also miss the opportunity to profit from the significant market moves that can occur when indicators are released.

Q3: What if I had a position before the economic indicator?

If you find yourself with an open position before an indicator is released, you have two options:

Close the position just before the release.
Adjust your stop-loss to ensure no loss occurs, even if the market moves significantly when the indicator is released.

In the latter case, some slippage is acceptable.

Q4: What should I do after an economic indicator is released?

It's quite common for the market to experience volatile price movements following the release of economic indicators.

You might wonder how long you should wait in such situations. Here’s what I recommend:

Wait until the charts stabilize—this means the moving averages are well-formed, and the price action is clear and understandable.
Wait for a clear, strong entry pattern that you trust to emerge.

Essentially, the approach doesn't differ from how you would handle any other period of market turbulence: just wait for your reliable trading pattern to appear.

If you have any further questions, feel free to reach out via the contact form linked here.

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I’ll update this article with more information as needed.

Hope to hear from you soon!

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