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DISCLAIMER
If you are allergic to vulgar language
and you don’t have appreciation for a
little humor in serious subjects then I
just wanna say: Good luck trading the
news because shit happens when
things are not done right.

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Introduction

Trading the news can quickly double your trading account.

Isn’t that awesome? Yeah it is but as expected the news can
fuck up your account before you can even say “ What the fuck
just happened?” . A moment when news are released the charts
can be crazy and move hundreds and even thousands of pips.
Yes even thousands of pips. If you don’ t believe me just go
ahead and check your GBP/CHF chart on the 15/01/2015 and you
will see the longest bearish wick in the history of the pair
12560 pips in 1 day! Imagine!. That is the power of news my
friend.

Every first Friday of the month the numbers are released in

America. Those numbers include unemployment and other
services and other service I will not waste mine and your
time explaining. The numbers are called the Non-Farm Payroll
(NFP) (just Google NFP! Geez! I can’
t teach you everything!).

The NFP sure makes the pairs with the USD volatile as fuck!
If you don’t know what you are doing you have no business
trading NFP. But isn’
t that the point of this e-book? To tell
me what to do and what not to do? Obviously it is the point
of this e-book.Duh!

The strategy I’
m about to share with you is called Straddle.
I paid some shady motherfucker $200 for this strategy. But
hey I got no regrets because with the same strategy I made

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more than that. So that means all of you owe me $1 each. Forex
is just one huge casino and people mostly lose more than they
make in a casino! How awesome it is to gamble with money you
can afford to lose. Don’ t be stupid enough to gamble with
rent money. You’ ll regret that decision.

Prepare For the News

Foreplay, is the most important part of love making as much
as having an orgasm is. Its a pity most women don’ t know how
an orgasm feels! And some of the guys in the trading industry
are gilfriendless! Shots fired both sides!!!
Anyway, away with the sexual education, you should have
learned that in Life Orientation class. Or from experience.

Alright here is my Step by Step preparation process for

Trading any news event:

Step 1
Every Sunday evening before I even place any trades I always
go to : https://www.forexfactory.com/calendar.php? and
check if there will be any news on the pairs that I will be
trading for that week.

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All of the news that are in RED are high volatility news and
they will move the currency pair. Those are the important
news that I will trade for the week. Then there are GREEN
ones or ORANGE (I’ m colour blind guys so you’ ll know the
colour whatever it is). Those are also important but not as
the RED ones and that means they’ ll have a medium impact on
the currency pairs. Then there is YELLOW ones; those are of
less importance as they have low to no effect at all. It is
like hearing someone telling you Cassper Nyovest bought a
second Bentley: you don’t really give a thin fuck about that
as it has no effect on you.

The thing with Forex Factory news calender is that the time
is in EST (Eastern Standard Time) and that means they are
an hour ahead of our time. E.g if the calender says at

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 4:50 USD President Trump Dies

That means here in South Africa the time will be 3:50 when
President Trump Dies. Minus 1 hour. However if you are
impatient and cannot stand the minus 1 hour bullshit you can
go to : https://za.investing.com/economic-calendar/

Investing.com will show the time in South African time. You

might ask yourself why didn’
t I tell you about Investing.com
in the first place? Well they always put more news that are
not as important whereas Forex Factory calender is more
specific and cuts all the unnecessary stuff out.

Make sure you right all the important news on your trading
diary so that you don’t have to go to these websites again
and again. Write all the news for the whole week. Data is
expensive.

Step 2
The next thing I do after checking the website I then do and
analysis of the pairs that will be having news released
during the week.
I always ask myself these questions:
 In which direction is the trend moving towards?
Up?Side?Down? (lowl see what I did there?).

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 What were the previous results of the kind of news of I
am about trade? How much did they move the pair I am about
to trade? (If you press on the little graph thingy next
to the news event on the Forex Factory calender you can
see the previous stats of the news event you wanna trade).
 If the news come out at 14:30 (Our Time) on USD I will
not put any trades before that time. If I had any trades
open from the previous day I will close them an hour before
the news come out. In this case at 13:30 I’ ll close all
trades on the USD and wait for the news.

Step 3
When the it is the Non-Farm Payroll news that are about to
come out I always am nervous before the news release because
I know that I can either double my account or fuck up all
the small wins I have accumulated so far.

I always do some deep breath exercises and try to relax as

much as I can. I have to be of sober mind in order to be ready
to make an important decision. During my trading sessions
I always drink a lot of water because of what you know already.
I won’t explain what water does to the mind. Lunchbar. It’ s
Obvious!

Step 4
Make some money!

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STRADDLE
STRATEGY

JUST TRADE IT!

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Strategy Principles

Principle 1
Identify the pair you are going to trade for NFP or any other
news. I personally like to trade USD/JPY and/or USD/CHF. The
reason I trade these two for NFP instead of trading the
EUR/USD is because there is not much action minutes before
the NFP comes out the price kind of just drops or goes up
without the struggle it will go through on EUR/USD.
On USD/JPY and USD/CHF it kinda just goes BOOM! Without the
tug-of-war that usually happens on the EUR/USD.

Principle 2
Identify the direction of the trend:

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This is the USD/JPY H4 chart and you can see the chart is
in an uptrend because it is going up. That means there is
a lot of demand for the USD more than there is for the JPY.
The trend in this case is up but on other instances the trend
is down or sideways. For those who don’ t know an example of
a downtrend and a sideways price action.
Downtrend:

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Sideways Price Action:

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Sideways Price Action is not focused on a particular
direction. Up and Down the price goes!
Principle 3
Determine the range of the price. The price range is the
distance between the low and the highest price on a
particular time-frame. It can be a monthly, weekly,daily,
hourly, or even a minutes time-frame.
Range is the distance from top to bottom.

For trading NFP I always determine the range from the 15

minute and 5 minute charts. I do this so as to get a tight
entry price before the NFP comes out. However, you can always
determine the range on a time-frame that gives you a clear
indication of the range and for me that is the 15 and 5
minutes charts.

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Determining the range of the price is the most crucial part
of this strategy and if you miss it there your whole NFP
trading experience may be horrific and really fuck up your
account. Always make sure you practise this on DEMO before
you trade this strategy LIVE.

Principle 4
Determine pending order prices. For NFP or any other high
impact news release I always place pending orders. A pending
order is an order that is activated or filled when the price
bar hits the price where you set it on. Its like an alarm:
you set it to ring at 06:00 and it does when the time is 06:00
and for a pending order you set a buy stop at 1.25245 on USD
and it will be hit and activated when the price reaches
1.25245.

Step A
Place lines on top and bottom of the price flow on a 5 or
15 minute chart or any other time-frame that suits you.

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These two lines are going to be your pending stop prices.
NB: Remember to always put the lines 15 minutes before the
NFP release. You will put the pending stops 5 minutes before
the release. So the last bullish bar on the right is the bar
you will be putting pending orders on since the next bar will
be the release.

Step B
Place two more lines on top and bottom of the first lines.
These lines are going to be your Take Profit Targets. It will
depend on you how many pips/points you want if your order
is filled. I usually set mine to 30 pips.

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Step C
Place pending orders right where the lines are and make sure
on your orders are put in the price that is highlighted on
the right of your MT4 platform.

Buy Stop: When the release bar happens if it blows

up it will trigger the buy stop and hit your Take
Profit if it is tight. Which is why I always place mine
on 30 points as the news can move way more than that.
On the contrary another thing that can happen: The
price can go up and trigger your Buy Stop and then
quickly reverse and then you lose money. That is why
you should give your Buy Stop a breather of atleast
10 points and keep your Take Profit tight if you are
not planning to stay on the market. In this case your
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Buy Stop will be set on 1.39970 and Take Profit
1.40558.
Sell Stop: When the release bar happens if it blows
down it will trigger the sell stop and hit your Take
Profit if it is tight. Which is why I always place mine
on 30 points as the news can move way more than that.
On the contrary another thing that can happen: The
price can go down and trigger your Sell Stop and then
quickly reverse and then you lose money. That is why
you should give your Sell Stop a breather of atleast
10 points and keep your Take Profit tight if you are
not planning to stay on the market. In this case your
Sell Stop will be set on 1.38682 and Take Profit
1.38047.

The only way around the unfortunate event of having

your pending stop order be triggered and then the
price reverses is to close the trade as quickly as you
can. Or if the range, say, is 25 pips then if your
broker allows hedging you can have the second order
filled then your loss will only be limited to the range
of the price. If you don’t understand what I am saying
just Google “hedging in Forex”and then read the best
and simple explanation you can get on the subject.

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The Straddle Strategy is really simple as long you put
the pending orders and take profit orders in the
reasonable prices. As long as you follow the strategy
principles you’ll be fine. The reason I say principles
is because of the fact that principles are flexible
more than rules.

END OF STRATEGY

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If you didn’
t understand shit on what I have just have
just explained please feel free to contact me on
social media.If you happen not to see any charts or
some Forex bullshit on my social media walls don’ t
doubt its me its just that I’
m not about that flexing
shit. It’s childish and misleading.

Unathi Unathi Salman

@Wolff_Sal

@unathisalman

If you want me to mentor you for FREE then simply email

me on: wolfmentor.free@gmail.com

However, if you want to join my PAID group where I

share other day trading strategies, signals and
analysis email me on: wolfmentor.paid@gmail.com -
Only for R150 p/m.

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I just want to say your R150 makes no difference to
me. I’
m already getting money. But always remember you
never really care for the stuff you get for free.
However, you will want to get value for what you pay
for. If you don’t wanna pay just get the free
mentorship and please manage your expectations with
that option.

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