To elaborate on this further, literally nobody knows what will happen when you click that order button. Sure, the bigger players are looking to get into the market at a discount in whatever direction they require. But if you have been around long enough you see that seemingly 'predictable' events do not always push the market in the way you might expect. For example, bad news release for the USD, you'd instinctively expect the dollar to fall..... But what actually happens is it creates liquidity, which is in most cases, all you can 'predict'. The people that can actually make a difference here use the liquidity to either ditch their positions or get into new ones - and that is all that matters, and price can and does end up anywhere, but often at one of Bluesteeles levels or TimeTells trader attractors ;-)

Information can help generate an edge, but in isolation it won't make you profitable IMO. Just remember that every time you click an order, you are doing it because (hopefully) you understand your entry to be a statistical edge. The way you manage that trade in its lifecycle is another subject for discussion, but at any point you deviate from your defined edge/rules - take profit early, trail the stop because it doesn't look quite right, change your risk level etc etc - your edge is destroyed. You are now trading even more blind than you were to start with, you do not have a proven statistical edge.

In summary, more information doesn't make you profitable. Finding a proven edge, trading like a goldfish and managing your own responses to events does IMO. It seems so simple really but the truth is, it truly isn't for most of the population.

Hope that makes sense