Today Building Permits  and Housing Starts Was a great oportunity to short EURUSD and GBPUSD what I did. Another thought I came across today is that there is another factor of succesful trading. Even if I can predict market moves in front of their occurances trigered by news events I still need to estimate how far or how long will move last. I think that more important factor is how long.

My major strategy says that there's not many news that can hnoestly move the market. Most of moves are fak and are about to be shadowed by correcting ove to prerelease level.