Quote:
Originally Posted by kenbuchee
most buy and sell indicators are very unreliable during major news releases.
i tried it on eurjpy today. It was quite unreliable. But some other time. it is very stable and rewarding. Especially when no news is forth coming.
|
No indicators can predict the direction an announcement will induce in the market. When there are news releases, you will often see that price breach most TA rules, but later on will return to the trading channel. Indicators etc are not to be used during news forecasts. If you want to trade news, you need to study fundamentals and news trading.