Disliked
Many times an important news is due to release at a turning point of the market. It is not a coincident. when you hear the news, the market has already moved in some direction, many times an important S/R point is violated greatly. But could you count on it? No way. I can correctly predict around 70% to 80 % of the moves but the rest will steal a great portion of the profits I have already earned. If I can avoid those false moves, you can imagine.Ignored
About practical things.. today you could see that the move started on usd/yen.. somebody was selling usd heavily and when that happens it is unwise to be long usd on other pairs like eur/usd. This is why we watch the 3 kingdoms.
This thread is not practical and in my humble opinion- never will be. There are several reasons for it. All discussed previosly.
Intermarket relationships and news analysis can be beneficial if you are a position trader and place only a few trades a year. On the time scale that we operate it does not play any role. Except for major disasters, disorders and panic (this you can see on the quotes board that you were interested in, lol).