:o :o :obilbao wrote: Sun Nov 18, 2018 4:14 am you need just trend and money managment
all of news reaction occur in direction of trend
sir: forget lower time frame
major////minor trend
:?: :?: :?:bilbao wrote: Sun Nov 18, 2018 7:07 pm
sir: forget lower time frame
we speak about major trend & money management also
Smart. Would you consider yourself a pure technical trader now? And during impacting news like NFP, if you're in a position will you remove your stop losses to accomodate those whipsaws? Or will you let them be hit?Chopper wrote: Thu Sep 12, 2019 5:12 pm I used to trade the news, and then a market which was positively affected by the news (better figures), caused the price to plummet. Why did it plumet if it was good news for that currency pair? Because the market does what i wants, and the big fish will always manipulate it in their favour, regardless what the news is. You watch the price whipsaw up, then down, then up, spreads get big... no thanks.
So I don't pay attention to it anymore. Like others have said, I have a general awareness of what's happening, I avoid trading and/or exit larger positions during big announcements. Mostly unaffected in the Daily time frame i trade.
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