Dislikedno, he is absolutely right.
the market moves because of supply (+ lack off) & demand (+ lack off) and nothing else. this can only be seen on the chart and the professionals don't care if you think the news xyz is bad for a currency when they begin to buy.
the best moneymakers out there do not listen to news or any other noise, they write or at least help wirting them. yes, also the numbers you see on FF frontpage fall under that category. [b]it just would be naive to think that specific trading groups do not know long before the news is announced...Ignored
that statement is so true and if I get a trade trigger before news i always enter ....this morning had trader trigger eu 5 min before news .... was long for 140 pips of profit , so often I have seen this
the other day Dr G and i were on skype before US news came out ... EU in consolidation on 5 min...but down bar vol less than up bar volume ... basically someone knew nes was going to be good .. stayed long for 80 pips
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