DislikedMy initial thoughts are not to worry about the low impact ones on the FF calender but stay away from any Med or High?
Thanks
RIgnored
Those in orange, not so bad but can still cause a surprise.
Biggest moves tend to be on on US non Farm payroll figures (on Fridays once a month) and interest rate decisions (not so much recently due to policies of low rates and a lack of any interest changes).
Also watch out for when Central Bankers (FOMC chairman, Bank of England, Committe memeber etc) make speeches too. They don't release figures, but 5 minutes in they can say something that can make a huge impact :"economy going well ladedahblahblahblah green shoots of recovery, and to aid this we will add to our quantative easing program." Watch the markets go on that one
Even if the news doesn't swing the market much, spreads will widen before and immediately after big news releases, so if you have tight stops then they're more likely to be hit as the spread widens massively and hits your levels, even though the price might not actually be moving.[/quote]
Bootsjam,
Thanks for taking the time to offer your advice. When you lack experience it really helps to get confirmation that your thinking along the right lines.
Cheers for the input!
Reesy