US Trade Balance (Jan 10, 2007)

This news is due 8:30 AM EST..

Trade Balance appears to be a big mover, however, the moves are not consistent. I'd advice to exchange on this one. I recommend Straddle with this one.

Based on Historic Charts, it mostly retraces back into pre launch price then continue onwards . But last month, a reversal was made by it. Can it be since last december, traders were waiting for FOMC? Luckily, I wasnt able last December to exchange US Trade Balance and was off or I'd get burned.

Expectation is a US$59.5. Remember, this is for Novembers' info. Can this include OIL purchases?

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Originally Posted by ;

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Review the Historic Charts and carefully digest the patterns revealed...
The Problem is that for me(newbie) it is very difficult to analyse All of this charts.. Attempting to understand which jumps are news and that aren't and what resulted in the move... I was hoping for some tips.lt;? Xml:namespace prefix = o ns = urn:schemas-microsoft-com:office:office /gt;lt;ogt;lt;/ogt;

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Assessing the Historical Chart *IS* the tip!

I'm not being rude, but in case you cannot realize the charts, you cannot be a forex trader to begin with let alone a news trader. Fantastic news dont automatically mean one way great for your currency nor a bad news imply one way bad for your currency. You have to comprehend the trader's mentality .

Each Chart shows the way the traders give importance to a particular news and how they trade. You have to follow the method by which they exchange (not against).

I took the time to examine charts and that's how and why I called to exchange Trade Balance news after it retraced.

Of course you can just stick around in this Forum and hear each and every one of usforexforum.co.zanews traders. 99.99% of the time, we post our opinions about how best to trade particular news. Should you dont get to see articles, then news is worthless.

Download Economic Report V 0.4.zip it might assist
https://www.forexforum.co.za/general...rts-ascii.html

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Originally Posted by ;

The problem is that for me(newbie) it's very tricky to analyse all of this charts. . Trying to know which jumps are news and which are not and what caused the movement... I had been hoping for some tips.lt;ogt;lt;/ogt;

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