Didn't take any trades today. There were no planned news announcements but with Ireland being downgraded to junk status and S&P warning about credit rate cuts there was plenty of movement on the charts. As usual though, take all news announcements with a fist full of salt and decide for yourself what the smart money are doing.
That's about it for today, with any luck there'll be some set ups tomorrow.
Cheers,
Liam
Do you trade base on news/announcements?
ReplyDeleteHi Ai,
ReplyDeleteNo I don't trade based on news announcements, much too volatile. More often than not I use the volume that is generated from a news announcement as my trigger line for a reference for future trades.
Thanks,
Liam