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Old 16-12-2003, 03:42   #24
eternalfuture
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When opportunity knocks...

Maji,

On the contrary, I actually took advantage of the news yesterday. When I saw that eur/usd at 2160 I quickly jumped into long position. Based on my view that the news will not give a significant, continuous, push to USD strength, I expected the eur/usd would not stay below 1.2200 for long.

Also, if you take a look at the 30 min chart yesterday, it appears that the euro/usd was somewhat creating a bullish divergece+failure swing near the bottom of the day.

All I'm trying to say, is that whenever opportunity knocks, and you can afford the risk, regardless what the method of analysis you are using, don't hesitate to go for it.

Too bad, it wasn't occur during work day. It could have been merrier.
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