Best Thread Live Cable Trading
Bigbusiness
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JonnyT said:
Make that Thursday 24th
http://premium.econoday.com/calendar/US/EN/New_York/year/2005/month/11/day/24/daily/index.html
tradesmart
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It was the UK PPI at 9.30gmt that sunk it - and there's CPI at the same time tomorrow...
followed by US PPI Tues and CPI on Wednesday......
could be a lively time for Forex........
Mornington Crescent
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fseitun
if this is really what you think, then I think any help I offered may be disregarded.
but , in brief, if at any time you are unsure of the major trend, step back in time and look at the bigger picture.
there is usually higher volatility during corrections within a trend. Thats what corrections are all about. I would suggest that traders make more money during corrections than at any other time because it is then that trading skills come to the fore.
if this is really what you think, then I think any help I offered may be disregarded.
but , in brief, if at any time you are unsure of the major trend, step back in time and look at the bigger picture.
there is usually higher volatility during corrections within a trend. Thats what corrections are all about. I would suggest that traders make more money during corrections than at any other time because it is then that trading skills come to the fore.
trendie
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Livermore said:
sorry , no.
it was in Traders magazine that I have been getting free for past few months.
( I must have signed upto something or other )
If I can find the reference, I will post issue number and date.
( actually, we are seeing some of the mags content in the Articles.
I remember there was an article about calculating "what price must occur for the indicator to trigger a signal", showing how you can pre-empt indicators - that was in Traders mag a couple of months prior. )
tradesmart said:It was the UK PPI at 9.30gmt that sunk it - and there's CPI at the same time tomorrow...
followed by US PPI Tues and CPI on Wednesday......
could be a lively time for Forex........
Yes, it's the news, which makes the the big moves...
PS. Today was a little bit strange, because the PPI data was tame, just as consensus said it would be. But for some it must have been a big surprise.
