One of the pilars that babypips school teaches is sentiment analysis - what are people thinking about a particular market. I think this is highly effected by news.
Is it possible that you guys suggest news that you follow when you are trading?
To follow on from [B]Simon Templar[/B]. Personally, I never trade potentially high impact news events. Better by far to see where PA has gone and take a possible trade from there when things have cooled off, based on your own strat. FX is risky enough without factoring in hi impact news!
I do play the news occasionally. But it’s a SMALL lot size, and with a decent idea of the impact.
Did very well selling the U/J last Friday
Not to mention I just bought a EUR/AUS lot.
It’s at an all time low, the news is most likely that the Aussie rate change will stay the same, so a nice bounce upwards is a high possibility. we’ll see!