10pm Red Event on China should it print red expect AUD and NZD to take short lasting spikes down and maybe create opportunity to reload AC maybe NC longs at better prices.
The reason I insist on calandar analyses so you develop intuitive feel how events shape price and be on the forefront instead of being in ignorance which rarely pays off.
You can plan your trades.Example I like to go long AC now but wont take it now because I know China data coming at 10pm hence I am waiting out.With trades issues I anticipate red data and may enter my plan trades at whole lot better prices.This is the planning I am talking about and has NOTHING to do with candles or indicators its pure rational analyses.
On the flip side should it print green that would be great on my EN and EA shorts
The reason I insist on calandar analyses so you develop intuitive feel how events shape price and be on the forefront instead of being in ignorance which rarely pays off.
You can plan your trades.Example I like to go long AC now but wont take it now because I know China data coming at 10pm hence I am waiting out.With trades issues I anticipate red data and may enter my plan trades at whole lot better prices.This is the planning I am talking about and has NOTHING to do with candles or indicators its pure rational analyses.
On the flip side should it print green that would be great on my EN and EA shorts
In trading, you have to be defensive and aggressive at the same time
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