Disliked{quote} Share ur setup, will like 2 trade d news. 2day chart setups was just confusing.Ignored
1. history of the previous news,
2.correlation to every other pair
3. bollinger band.
1. for instance on this nzd gdp. I look at the last 4 news that it happened and for most of it runs 30pips(rarely more than 30) or it dont really run at all.
2 and 3. I combine the correlation with bollinger band to get my exact entry.
what I mean by that is, usually if a news run 30pips-70pips I look at 5m/30m/1h chart and you can see that just before the news, the market usually pushes far outside of the bollinger band to create room to jump the opposites. (Not every case, but for most)
if a news runs 100pip+ I based it on the 5m, 30m, 1h and 4h chart as well.
sometime on that particular pair you may not see the “push outside bollinger band” you may have to look at other pairs to see. And this “push” is usually the last 5min before the news happen. Especially 1min before the news.
not sure if you catch me on that. You’ll see my post in a bit on nzd/usd thread and aud/usd thread... Ill try to be as specific as I can.
besides that... back to Euro/USD
I think patientFX could be right. 1.1190 could be a bounce if it continues to turn down. I will only take a chance on buy eu at 1.1190.. other than that. Sideline... this 1.1200-1.1300 is such a headache.
Trade what you see, take what the market gives you.
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