fastest answer i can come up with is pretty simple --= if the news drives your currency price up, take profit as what goes up, will come down and return to its original trend line, leaving you a lot of time before you see that price again.
if the news drives your price down, hold your position IF YOU HAVE THE MARGIN TO DO SO ! as the price, within a few days, will go back UP to join its original trend line !
also, if it goes down, enter a counter trade to the one you have already (hedge) and take your first profit there.
Essentially, what Im saying is that Forex currencies, once moved from their original trend line, return to that trend line and continue on in the direction they were heading in, so take advantage of that desire to return to trend !
enjoy and trade well
m[
__________________
Within the great hall at Elfinore stands a wondrous coffer, precisely four cubits square and securely latched against the outside world. Inside that repository, shut away from impertinent eyes, abides many an intriquing trading secret garnered from around the world and over the ages !
As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!
Last edited by mp6140 : 12-30-2007 at 01:16 AM.
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