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Originally Posted by fuzz.a
I really haven’t seen such things in classical books...
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You won't because it's a load of garbage!
chakki says
"We get news every day and it’s important for trader to identify the trend direction to be ready for the orice movement on the news. Having a bullish trend at EURUSD, any negative news from the United States will lead to a powerful growth of Euro."
So let's put it to the test and look at the latest data out, US Consumer Confidence due at 10am EST
He says we have to look at the trend. Eur/Usd trend is bullish.
He says "any negative news from the United States will lead to a powerful growth of Euro."
So according to him if the news is negative we should Buy eur/usd and expect a 'powerful growth'
Consumer Confidence data came out worse than concensus for US and guess what....eur/usd
fell more than half a cent!!!
So much for
that strategy
