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What Pair To Trade If Data Released Is Bad For Either Usd Or Euro
05-08-2007, 11:07 AM
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What Pair To Trade If Data Released Is Bad For Either Usd Or Euro
After the news try to take a glance at CHF/JPY chart first before you decide to trade then select the stronger currency and pair it with the currency affected by the negative data released...
Example: Data: at @ 8:30am (NYT) Employment status of US declined!    2.PAIR CHF/JPY. 3.IF DIRECTION OF CHF/JPY IS DOWNWARD BY THAT TIME (JPY is dragging down the CHF). 4. TRADE USD/JPY SHORT... ADDENDUM: IF DATA IS BAD FOR THE EURO (DO THE SAME PROCESS) Last edited by PERSEUS : 05-08-2007 at 12:53 PM. 
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