Yes special tiimes due to Fed, bad news is good for market and conversely, the opposite for good news. Yet today, market reacted favorably to good news.
Tricky stuff to decipher, therefore, I try to limit the rationale to price.
Concentrate on this one, those are guys in the know, it's a shame the thread ended, but I guess all good things must come to an end.
http://elitetrader.com/vb/showthread.php?s=&threadid=215130&perpage=6&pagenumber=1
Interesting thread, little different from what I do, but at this stage studying the ideas of experienced traders can be very valuable in enhancing our personal techniques.
Thank you for taking the time Phoenix.
I think it's about only trading when the market is clear on its intentions.
Naturally, discipline plays a very big component in all of this, but so does noticing when something is far from clear.
Flat can be a lovely position at times, not making any is much better than losing.
Comments and accolades were due.
In your previous post you posted an Eur US pair monthly chart and marked an area where you would look for a buy signal. This is the area I struggle, where and what exactly would you be looking for ? How late or early do you enter in relation to the area and...
I just spent a few hours reading this thread. The amount of high quality information rivals best book I've read on technical analysis.
Kudos to those sharing the info, Im in your debt.