"Unless you are scalping the outlook does not change in 30 secs." Don't tell me you've never gone into a trade (and even reocommended other peeps into it) and not even within a minute, you find out that you've had it all wrong? Well, I've seen that happen numerous times in my 5 year stint so far...And I'm sure this will keep happening as there are many insights that come only after you're already in the trade. I'm certainly not the best trader out there but I've seen some of the best getting it wrong in most of their calls.
And about forexfactory...yeah, thats a pretty neat site but what I'd like to see is if any peeps here at Sajha are into this market and what "their" analysis is on the matter...I've seen some pretty interesting forecasts in emini's threads and would love to see members give the same (but to a different financial instrument: FX).
Any insight to Germany's 4th Qtr GDP figures out at 2am EST and its effect on the EUR for tomorrow's trading? As far as sources go, looks like the EUR is in for a beating until the opening of NY trading (because of lower retail sales and slower grouwth of output in production sector). Any comment on the technical side??