I am doing research for news that caused volatility on certain days…..What have you found is the best way to get the news from a certain date? For example, say, I want March 13, 2010….I tried typing this into Bloomberg.com’s search and it didn’t bring back anything. Maybe just Google it? I’m sure you know of a better way.
I will give you my thoughts.
There are a few different methods for researching past movements:
1. Try a google search with the general date and currency/financial instrument in the search WEB field. For example : Euro Bloomberg march 13, 2010. This searches the entire internet, but it can be inefficient.
2. Try a google search, but only set it to search for NEWS on the specified Date. For example, you can type in the google search: “euro Bloomberg” , then search for “NEWS”, then go under SEARCH TOOLS, and set the “Any Time” to “Custom Range” to March 10, 2010 – March 16, 2010. That is a much more specific search and can get you what you are looking for as it only searches news articles for that specific date range you specified. And it specifically searches for news articles – which is what you are looking for.
3. The other way is to use the Forex Factory Calendar. You can usually go back a few years and see the economic news releases and the articles are linked under them.
4. The final way, is if you have a Bloomberg Terminal, or access to one, you can specify a date and it will give you all the news articles for that date in the past.
Other than that, you can get what you read from books and the details they provide. Obviously many of the trading classics like Market Wizards will not provide details on what happened for every specific currency pair on every day in the past. However, if you are looking for some background info for example on the 1987 stock market crash, then you can gather the necessary information from the Paul Tudor Jones interview, Stanley Druckenmiller interview, etc, and from the book More Money Than God, etc. You can even use the second method mentioned above – The Google Search News articles with specified date range, to find articles from back in the 1990’s, or 1980’s, etc.
If all else fails, then I would say to just focus on analyzing the current market moment. There were plenty of times in the past where I was spending too much time searching for what happened on some date in the past. And the times when I could not get the necessary info, I didn’t feel very good. But in reality, what matters the most is the current market moment. To analyze the current market moment with all the knowledge and resources you currently have. Then you can start your news and market history from the current market moment.
I am not saying it is not beneficial to research past market moves, etc. I have spent a lot of time on it and it was extremely helpful in giving me confidence and forming my trading method. But I am just saying if all else fails, don’t beat yourself up. The trading profits come directly from analyzing the current market moment, not the past.