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Originally Posted by Dr. Zogg
The secret is not to predict for_ex, especially news events.
First you have to predict the data, then the market's reaction to the data. That's just not possible.
Rather find a way to react to whatever is happening. Every single succesful tra_der I know follows that one simple rule. Don't predict, don't anticipate...react...
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Hi Dr. Zogg
I agree, no one can predict what the market
will do, but for me there is a fine line for planning different scenarios to what the market
could do.
I personally dont trade the news, but try to anticipate and have a plan at certain key levels in the market to go short/long depending how the market takes the news. It keeps me from jumping in on emotion... you may not agree, but this has helped me.
Ezekiel