DislikedThanks EventTrader and DariusTrader for sharing their knowledges on Macro-economics. I had been silently enjoying the thread.
Btw, I am also trading my technical analysis with these economics figures daily, but unfortunately I am not economical educated, so I hope you guys dont mind me popping up questions to quench my curiosity if I ever came across any. From my experience on trading on events, its really easy pips, if it's technically and fundamentally aligned. Sometimes I played the "after event" effect which is safer and easier to pocket...Ignored
"After event" effect ( it is a few minutes after event annoucement ) is sometimes unpredictable because:
-we don't know when to open positions with a main move - will a market make a correction ? or maybe it has already made ? how long will it continue it's direction ?
The effect during event publication is the most important for me as most of players are out of the market, there are not many obstacles that could stop the move - when liquidity returns after few minutes it may be too late ( and those who opened their positions earlier may sit now feeling comfortable as they are in a profitable position, now, they can give some time to the position to grow or they can close it immediately after volatility decreased ), when people start searching for the after event effect everything can happen - correction, no correction, 15minute consolidation everything- I think that without proper algorithm it is more difficult to play rather than the effect that we observ during event publication.