Why the calendar
Economic releases are scheduled to the minute, and the calendar is the only thing on your desk that knows about them.
Some of the biggest moves of the month happen at a time that was published weeks earlier. This module is about knowing when those minutes are.
The day this lesson comes from
The lesson exists because of one inflation release. Traders bought and sold before the number, during the number and in the minutes after it.
None of them knew what the number would be. None of them knew what the chart would do with it. The release was simply a time at which everything got fast.
They were not trading a setup. They were trading a scheduled event.
Scheduled, not random
Economic data is not a surprise headline. Governments and central banks publish these numbers on a fixed date, at a fixed minute, months ahead.
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