Hey everyone,
I'm pretty new to trading and I'm keen on getting into futures trading, especially when key indicators like PPI or CPI are announced. I checked out the crypto craft calendar since they show these indicators live, but I've noticed that by the time they pop up there, the market has already moved.
So, I'm wondering, where can I find the quickest releases for these indicators?
Thanks a ton for your assistance!
Cheers,
MrE
Have you tried to check some United States news channels on YouTube to know if they can make it live. Or maybe you can check Bloomberg for it.
Another suggestion is to followed the government officials responsible for the declaration on X.
I do not know much about these but I think those can help.
Those that will benefit from these are the insiders. They will know the news before it come out.
For starters, I wonder what this good question is doing here. It should have been in the main Trading Discussion section, as it has nothing to do with this section, to allow it to gain a wider discussion. Perhaps the moderator mistook CPI/PPI for tokens, and even Cryptocraft is a website. Well, I will report it for you.
As for your question, you may try Reuters and Bloomberg, or join an insider trading group. Either way, you should be ready to part ways with a huge amount of money and must be ready to dine and wine with the top industry names. There are always insider activities here, and they know the information before they were released. And in most cases, even if you know this data immediately, you can't trade it manually, a specific bot is recommended.
I'm thinking you are talking of news and not indicator. It got me confused for a while though. Well if you want to know when news concerning trading instruments are released, it will be difficult for you to know exactly the time because you are not an insider even if you belong to certain trading group.
Sometimes, the news are released hours ago and insiders either react to it or are quiet depending on what figures they are and it gets out to the public sometimes delayed making you to be trapped. You can follow some YouTube or X influencers but you still can't understand the insiders information as some traders buy some channels or information so that they can get early information before others. However, if you are looking for fiat news channel, you can check on https://www.forexfactory.com/
Im thinking the fastest source for market moving data like CPI or PPI is usually the official government release or professional data terminals like Bloomberg/Reuters, since free calendars like Forex Factory or Crypto Craft will almost always show the numbers a few seconds after markets have already reacted. These data are free and can be scan around. But obviously theres more concrete info on some subscribed pages where I dont know to look for.
Try bloomberg terminal but it's expensive. I think the market uses bot at some point to react with news like ppi or cpi. If i'm being frank there are people or trading firm who uses sophisticated means to react to that in millisecond.
I don't think average joe can react to it fast enough. Everybody in the world is ready to be the first to make an action when such news about to get released. millisecond differences matter.
I prefer to avoid such trade at this point. I know my limit.
most of the big moves happen within sharp seconds because firms and bots are always well positioned to react instantl!!. by the time the news shows up on free sites like forex factory or Crypto craft!! the first wave will already be gone by then. Bloomberg Terminal or Reuters are kind of faster, but like you said they are a bit expensive and still wont beat high frequency traders who act like sharks in the market always ready to pounce. i think for retail traders it is smarter move to plan ahead always check the calendar, know when PPI or CPI is dropping and set your strategy before the release. either you stay out to avoid volatility or you wait for the initial chaos to settle and trade the trend that follows up because chasing the first reaction almost never works unless you have a pro level tools available to you.
If you have been into trading for long term, you should have an update on how to navigate with tips on market. What I don't yet understand is the fact that you want to start trading with futures, it's really a dangerous journey you might not see the end. CPI and PPI update comes with a lot of Volatility that if you don't get true information I'm afraid you will get liquidated so fast and you know the drill you get nothing, so why not try normal spot trading.
I don't know much how to get a first hand information on CPI update but what I have seen X traders does is they follow the official channel of Powel back then to get info, but majorly they followed watcherguru, you can search then on X and follow them. When it's the day CPI update Wil be given, you have to be online and the timing to get the update and then set your trade but just so you know, some traders use bot to set orders, you might late in creating orders like other traders.
It has become worse and worse in terms of reaction times for normal guys like us, I would forget about it. Used to really follow the news live even on bloomberg when I was doing forex. Sometimes worked, mostly not.
These days its even harder to do I think because of so many different frontrunners, you can see most things priced in.
The only thing I would say is when the result is completely opposite of what majority says or believes. Like say rate increase is expected quarter point but it ends up CUT then yeah definitely make the trade rightaway.
A free way is through the relevant institution's official YouTube channel, but this depends on how quickly the YouTube server transmits the broadcast data. Market psychology can also be influenced by widespread "policy speculation". Therefore, the market can react even before the policy announcement is mentioned live.
This guy should look at HFT documentary and find out why it's impossible to react fast to such indicator and even if you can react fast you're not fast enough.
trading firms and major financial institution are willing to shell out millions to get dedicated fiber routes to connect to the exchange.
The high frequency trader can pull off such move and it's piece of cake for them. But maybe there's few minutes before public figured out about the news so maybe you can beat another retailer.
But being the first trader to react to such indicator? you're out of luck.
How fast do you think that the indicator could react? If you think it will happen in a few seconds, make a decision right away. You are just pressuring yourself, honestly. Because no matter how many indicators you have or how closely you follow the news, it won't say that the market will go the same way. The impact is not as fast as you think, OP. There is always a time gap, and even saying that, there is still no assurance.
Why did many traders lose money? That's because they are too impatient. Aside from that, they are using many indicators, which leads to confusion.
I am not an affiliate to the website I am about to mention, the name is https://cryptopanic.com/ and you can find new news as they develop. Check it out, it can help your trading.
If there is a news, and you have no clear market direction, staying out of the charts and not trading is also a good choice. You can choose to play the observatory role, so you can learn from it.
You will not be able to watch the market and such news every time and even you are online at times of those news releases, you won't be able to react fastly enough. Bots are automatically and can do things faster than you, you can not beat bots.
As a trader you must use stop loss order or stop limit order in order to defend your trading capital by automatically close your trading position for having a draw, a minor loss even when you are sleeping or doing something but not be able to be online.
Two of best weapons in trading.
Stop loss order.
Stop limit order.
Even professional traders advise to avoid taking positions during such extreme volatility spikes. Retail traders, however, do the opposite: in a single short-term trade, they hope to "buy the bottom and sell the top" as can as possible, overly influenced by market sentiment speculation.
Betting on the existing data to determine outcome of CPI and PPI announcement can also be one way to create profitability without racing with well positioned trading firms. though it's called betting for a reason. There's no edge anymore for retailer to trade a winning trade. Those firms gonna be investing millions whenever they see asymmetric bet. Because it's the easiest way to keep profiting without any risk at all.
Run behind indicators and you will live a life of coffee driven sleep lacked zombie. Definitely dont recommend it.
Use the indicators to get an idea about the market movement. The more you attempt to do these day trading, the more you will hurt your own health. Instead stay on the mid to long term range and only use the indicator to make a rough guess.
Rat races are never good. Take it slow and you will surely be able to buy low and sell high.
Here's something to think about. When that data is released, traders are reacting with bots running on VPS servers that are co-located in the same data centers as the exchange's servers.
The reaction to the news happens in a fraction of a second. Even if you tried to get your order to the market at that moment, you likely wouldn't be able to because the broker's system would be overloaded.
Furthermore, as a beginner, you'd probably try to use a market order. The moment the news hits, the spread between the buy and sell price can become enormous. You would take an immediate loss just on the spread alone.
My advice is to study news trading strategies. You'll find that you don't actually need to know the specific numbers the second they're released to make money from the volatility.
Yep. For me I stepped completely out of it (I stopped trading completely, only doing exchanging now to get my earned crypto into fiat). I do small DCA but I don't consider that trading.
I still like learning I guess but those days of spending hours waiting for news and reacting too slowly to eventual disappointment are all behind me now.
Whenever Im about to enter the market, my first analysis from my position is to determine how much money Im risking to lose even before I calculate how much Im getting. The reason is this, people often focus on how much they would gain that sometimes can get them carried away from the risk that theyre about to take and how much they can loose.
Considering your losses and risk to know if it something you can bear for the sake of profit is proper risk management.