A Forex Calendar is not always the best friend of a Currency Trader. In fact, many traders barely even look at it and so could you.
Yes! Not that you can entirely ignore major events but you can definitely stop looking at the calendar every hour or even every day.
How is it possible?
If you are a Technical Trader you must have a backtested strategy, right? Well, during your backtesting you were actually considering price movements influenced by news releases and any other sort of event.
So, if your strategy works, it means that you can simply ignore any future announcement and rather concentrate on the technical optimization of your setup!
Basically, a purely technical trader considers news like any other factor being discounted in the price.
Every time a Technical Trader sees a valid setup, he just takes it regardless of something coming out in the near future or being just released (e.g., NFP, FOMC, ECB, … ).
This is why it’s so crucial to have a well-backtested strategy – whatever happens, you know it’s going to be ok over the long term.
The only exception in which even a pure Technical Trader should consider switching to a different strategy is when potentially highly impacting events are due (e.g., Brexit vote, …). That’s because there might be extraordinary high volatility that massively impacts the general stability of the Markets.