Funny Thread.
islandrock: the answer is in your own signature. I suppose by the phrase you´re a TA trader, not fundamental based trader.
If you´re a TA trader why are you looking at the fundamentals to decide trades? you could do determinate volatility for the current day, you know, big news big moves.
And more answers....
Reading needed:
1-Dow Theory
2-Technical Analysis, what is it?
a-Market manipulation exists in forex too as it was probed with the kiwi and RBOC traders
b-Dear Dow. However is not valid to the main trend, IE you could start the trend but you need other players the sustain the move. The big trend can't be manipulated.
c-basement of TA: the market discounts everything.
d-Common sense one? by the time NHS was released my indicators it was pointing down, so why to buy? at least, wait for the retracement prior.
e-Common sense two? a big move after London Open without important data mmm, that´s sounds suspect, don't you think?
f-Trend Exhaustion? 30 days of a move up in several crosses + Historical Highs.
Ok, at this point people want to say: everybody is god with tomorrow´s newspaper. Easy to say after the move as easy to post super trades of super systems after the action.
I can´t believe I´m answering this kind on questions
