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PTB · 19-07-2005, 21:13

Don't know if this site is still open since no one has posted lately.

I've found that trading the news is dangerous. Too often the markets reacts the opposite of what you would think. I've found that if I wait for 20 to 30 minutes after an announcement I can utilize the news much more accurately. I love to see the currency react against the trend...then I just wait for the signals that tell me that its turned around...and just ride it back with the trend for some nice profit.

19-07-2005, 21:13	#41 (permalink)
PTB level 3 Join Date: Mar 2005 Posts: 177 Rep Power: 4	Re: Trading FX on International News Don't know if this site is still open since no one has posted lately. I've found that trading the news is dangerous. Too often the markets reacts the opposite of what you would think. I've found that if I wait for 20 to 30 minutes after an announcement I can utilize the news much more accurately. I love to see the currency react against the trend...then I just wait for the signals that tell me that its turned around...and just ride it back with the trend for some nice profit.