DollarMarketMovers.pdf (application/pdf Object)
Thanks to Kathy Lien, Refco's Chief Strategist, for confirming in spades my own market observations of the past few months. Namely, that the market adjusts to economic news releases very quickly, usually within 10-20 minutes of the data release. For the small-time currency trader like myself, this suggests a strategy I call 'fishing'.
You have to be at the fishing hole ready to go, just before the news event, but not yet fishing. Then, with the release of the news, quickly throw your line in the water depending in which way the data indicates the market will go. Or which way the market is going as revealed in the first five minutes. You should have enough excitement during the succeeding 15 minutes to equal any fishing. Pull your line out. Maybe throw it in again later.
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