And how many times are going to be able to replicate that? That's always the question a single trade or a single chart sadly doesnt do a lot as even a blind chicken can find a corn (I dont mean you by that)chickensword wrote: Tue Sep 20, 2022 11:01 pm i think i nailed cpi
saying you are too late to get in would be wrong
The problem with news is... it's a lot sentiment driven.
The number itself doesnt matter much.
That's why we see sometimes Markets rallying on even bad numbers when it doesnt make sense for the novice trader.
Then there is also that often times that the Market prices the news in BEFORE they even occurred and really always a wild guess on news how much of a current movement was already based on the UPCOMING news or not.
Now dont forget that you may experience big slippage during news.. sometimes your MT4 can even freeze up for a second or 2 and you wont have a chance to exit your trade.
This could possibly end up in a huge loss and even blow your account.
You also seem to confuse fundamental trading with news trading, more often than not fundamental traders enter trades WAY before the news (by that I mean up to several days) or after the news are over.
More often than not they do NOT enter on the news as it's too dangerous (as I said above).
That's why in my opinion it's much easier to just trade your technical bias.