Trading the Economic calender
When you trade with the tv on all day it's kind of amazing to see the feedback loop the S&P500 goes through during the announcement of key numbers, Obama opening his mouth about how he plans to sav the world, or what the fed plans to do...
This isn't new or mind blowing by any means but the reason I post this is because I'm curious to hear from fellow traders how they quantify and trade key economic releases during market hours (for all the brave ones who actually do)
All news = bullish, no matter how massaged and manipulated the figures.
I do the same, while keep a stop loss at a previous support just in case
Employment numbers are always good to trade about.
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