PipDog,
Open your eyes to the average trader Henry is addressing.
I been a professional trader for 15 years since I retired from mainline biz at age 50. Companies I grew myself and sold out to retire in peace. I have moderated several RT futures trading rooms during my trading career and taught many guys and gals how to trade.
Henry is not being responsible with his random calls for the eyes of novice traders. If you are experienced then you do not have a problem. Henry should stick with the news analysis and refrain from venturing beyond. His pip claims for pre news action are frankly preposterous as you well know. He has himself to promote for his commercial products which is why he exagerates his claims.
If he wishes to go well beyond news event analysis he should provide proper tech analysis like Sive Morten is very capably doing for the EU. Anything less is downright irresponsible for this particular audience.
Dave,
I certainly understand where you're coming from. Henry may well have some personal agenda within this forum. But, if it would be reasonable for Henry to not give out some of these "random calls" and pre-news plays, then should he really be giving out ANY of this information. Look for yourself how some of these folks start looking for advice on trades they're in that simply did not even trigger. The most amusing are the ones that brag about making pips on these non-trigger trades. They're either stretching the truth or very lucky. And luck may work on the craps table, but not in the forex. Are you gonna blame Henry for this malpractice?
I like to consider a seasoned traders take on forex...news events and otherwise. If I take action on any of said advice, it's at my own risk or profit. That's the game.