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Old 03-21-2008, 07:07 PM
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Re: Fed Day Advice.

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That I agree on. The problem is that it moves too fast to analyze rationally while the emotions are peaking watching it move. During slower movements, it´s great, but during fast moves like these, even experienced traders have to be wary. I think at least 30 minutes before moving in is reasonable, not when it explodes on the mark of the announcement.
Yes. One should let the BBs do what it is they are going to do: dump supply or load up (demand). Trying to be in the market while they are doing this is very dangerous. This is especially true for those who trade spot forex with its requotes and widened spreads. But alas, that says more about the market traded in this environment, than about trading a market in this environment.

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