Ricex
Sergeant
- Messages
- 358
Hi,
this first week of March should provide some very exciting trading as we have a lot of potential big move announcements coming out.
I don't trade news per se and fundamentals in general don't effect my trading strategy which is all price action based and chart structure recognition. I trade what I see in front of my eyes even if German Ifo has just gone up 1.2 points, it really doesn't concern me, and they only effect the market for short periods if at all in my opinion.....but
there is one type of announcement which I do make sure I'm aware of as it can potentialy make a difference in the market and that is interest rate changes and this week we have 4.
TUESDAY: Aussie rate, last month they took the conservative route, and against expectations, kept the rate the same @ 3.75%. This time round I reckon they'll go for it and whack it up to 4%, but do check the history of this event before trading as these things are not always so black & white.
Same day it's the turn of the Bank of Canada but this will probably be a non event, but we could get some momentum going after the banks statement has been digested and disected.
THURSDAY: it's the weather beaten Pound and Euro to make their calls. I'm not expecting any changes in the rate, who would dare? but it will be the bla bla bla that goes out with it that could make for some interesting action.
FRIDAY: it's NFP......... nuff said.
Hope you all make some goodly pipage this week.
this first week of March should provide some very exciting trading as we have a lot of potential big move announcements coming out.
I don't trade news per se and fundamentals in general don't effect my trading strategy which is all price action based and chart structure recognition. I trade what I see in front of my eyes even if German Ifo has just gone up 1.2 points, it really doesn't concern me, and they only effect the market for short periods if at all in my opinion.....but
there is one type of announcement which I do make sure I'm aware of as it can potentialy make a difference in the market and that is interest rate changes and this week we have 4.
TUESDAY: Aussie rate, last month they took the conservative route, and against expectations, kept the rate the same @ 3.75%. This time round I reckon they'll go for it and whack it up to 4%, but do check the history of this event before trading as these things are not always so black & white.
Same day it's the turn of the Bank of Canada but this will probably be a non event, but we could get some momentum going after the banks statement has been digested and disected.
THURSDAY: it's the weather beaten Pound and Euro to make their calls. I'm not expecting any changes in the rate, who would dare? but it will be the bla bla bla that goes out with it that could make for some interesting action.
FRIDAY: it's NFP......... nuff said.
Hope you all make some goodly pipage this week.
