></o><o
> </o>Usually when a news release comes out, I land in deep waters….<o
></o><o
> </o>My trading strategy is as such for the EURO
<o
> </o>
- I follow the Macd 1hr for the day, that usually lands me a few pips but sometimes I’m only a few pips in the green or just below so I can’t quit before the news<o></o>
- I then place a hedge trade 10 pips away from the market price 1min before the news comes out.<o></o>
- If it doesn’t pick it up, I’m fine, but when it does it sometimes retraces and I’m sitting with a unwanted hedge that I need to work out, and mostly liquidate with a loss<o></o>
- I’m not sure how to read the previous / forecast/ actual ;<o> </o>
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</TD><TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 2.25pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 2.25pt; BACKGROUND: #f5f5ff; PADDING-BOTTOM: 2.25pt; BORDER-LEFT: #ece9d8; PADDING-TOP: 2.25pt; BORDER-BOTTOM: #ece9d8">
USD<o></o>
></o></TD><TD style="BORDER-RIGHT: #ece9d8; PADDING-RIGHT: 2.25pt; BORDER-TOP: #ece9d8; PADDING-LEFT: 2.25pt; BACKGROUND: #f5f5ff; PADDING-BOTTOM: 2.25pt; BORDER-LEFT: #ece9d8; PADDING-TOP: 2.25pt; BORDER-BOTTOM: #ece9d8">
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-2.1%<o></o>
-2.5%<o></o>
-4.3%<o></o>
The Previous was -4.3, the forecast was -2.5, this tells me that less home will be build by the USD, which tells me that the USD will decline and thus I will Buy euro (which the macd indicated as well) the report come out on -2.1, and it picked up my 10 pip short, what does this mean and how should I ajust my trade<o
></o><o
> </o>
- I do not know where to get the immediate actual results<o></o>
<o> </o>
Suggestions in short steps to follow will be appreciated<o></o>
<o> </o>
<o> </o>
<o> </o>
I'm only a bird in a gilded cage