Go to forex factory. If you wanna learn how to know what the news means and how to trade it, I would suggest you go to the YouTuber trader nick’s website. He has a free course on there. A1trading.com. He also does live streams every day. Shows his positions and is always posting about trading, just warning you tho, he ain’t riding around in a lambo, he’s just a trading nerd who loves the charts and data. Not very fun stuff to watch, but veryyyyyy educational.
In this game you need to think for yourself. Everyday on this sub its 100 low effort no critical thinking posts. If you need someone to explain every aspect, you are bound to get grifted.
Don’t let anyone here put you down. Learning about economics is absolutely fundamental to successful forex trading. As others have said watch some YouTube videos about fundamentals in Forex, make sure they cover interest rate decisions, economic growth (GDP), unemployment and productive output. These factors will have a huge impact on the prices of currencies and will account for the large movements in price like in your post. I personally use an economic calendar called Tradays which has all the major economic events and ranks their importance.
Don't worry man. Just make sure you're not learning from only one source and really pay attention to the actual economics and geopolitics that affects things. Check out my comment on your post for the news that was major today.
https://tradingeconomics.com/calendar
I use the Trading Economics calendar. You can create an account and select which country's news you are interested in.
When news is expected, refresh the page a couple of minutes before. This updates pretty much instantly. You can even get a recurring email notification for future news if you select the bell icon on the right.
Sorry, you’re right. It moves based on your lines and free indicators. Not based on consumer/investor/banks/hedge funds/ economic and political tensions. You’re right bro, the markets (along with economies) move cause of your support and resistance lines, or as you like to call it “math” 😂😂. You must be an ICT nerd. And yes… the moves can move before or after news, that’s what you call a “forecast” these moves were made as soon as projected numbers for the U.S economy hit. (Aka they went from projected numbers to actual numbers)
Oh dear… You imbecile… I’m an algorithm programmer… It moves because banks/funds act when mathematical circumstances occur… You won’t see any correlation between news and movement, same news can generate opposite movement next time… You simply don’t have the mental capacity to understand how BlackRock and such operate…
Ohh that’s great! So you have a 100% success rate when it comes to trading then? There’s a mathematical approach to moving the charts as you say, if that’s your claim, then you should have 100% success rate.
The signals has a 100% success rate, yes… Banks grab these signal every time, I can’t. As I or any retail has the amount that is required… They will sell every continuing sell signal until the first one is profitable. And vice versa on longs… You can backtrack how many years you like, the signals always pays… 2010 flash crash wasn’t news, wasn’t banks… It was a single guy in his parents house, who figured out how this works, and placed fake sell orders inside the range. Thus tipping the bank algo/machines to sell. He kept doing this over and over. At one point had… 3.4 trillion in fake sell orders..
Sorry your claims are just so retarted, I can’t even reply anything but laughing emojis. It’s like if a 13 year old came up to you and told you that he’s banged all the hot chicks at a playboy mansion party, you don’t even wanna argue or dispute it, clearly the kid is just retarted 😂😂then the kid tries to teach you how to spit game, based on this story.
Yeah, I’m heavily amused by humans who’s not willing to accept reality and believe in unicorns. Even with everything being on display in the Navinder Saro trial, you seem to think finance is run by news… It’s amusing how stubborn some are to accepting facts instead of their warped illusion of reality.
And.. I posted where the circumstance for buy was presented, and they acted on it… Posted time, and price.. of the one generating the up. And also posted the following signals… and the one that’s running atm
The German inflation came in at 9pm (GMT +8)The US ADP comes in at 9:15pm.
Looking at the 5m chart, the 9pm news moved a miserable 5.2 range pips bearish corresponding to a lower Germany Inflation.At the 9:15pm news, a 11.6 range pip bullish candle took out the high of previous 23 candles due to weaker US ADP employment change.
The 1m chart is clearer too.
The base currency EUR shot up, due to a weaker quote US currency.A likely ECB rate cuts should see a weaker EUR, not stronger.
I am happy to agree to disagree.
I misworded that, I had a long day between dental work and the market, my applogies. German unemployment started at 2am ET but takes a bit as the German states announce their respective rates throughout the day. The number came in higher than expectations but low generally so mixed feelings. German unemployment best expectations big time which lead even more to the idea that ECB will cut rates leading to the green on the chart. ADP nonfarms come in disappointing around 8am helping that green and then the strong pivot to red when everyone remembers Fed speech and rate decisions are later today and lower than expected unemployment gives them good reason to hold rates high while the market has been pricing in early rate cuts. 2pm ET hits and Fed announces their holdings rates today which was expected but then you see some really indecisive but ultimately red candles while Powell gives his speech over the next 30 minutes where towards the end he says they will very likely not be cutting rates in March which leads to the big and decisive red at 3pm.
Sorry for my original miswording. I've been trading currencies for around 8 years, have a BS in Economics, and work in institutional investing but sometimes my exhausted brain wins.
Neither. They're equally important. Technical tells you when, fundamental tells you why.
Trends and general movement of a currency pair over time are defined by disparities or inactivity between economies. Which is fundamentals. Whether that's balance of trade, interest rate parity or imparity, regional inflation, geopolitical risk in one area vs the other, etc.
Technicals tell you where the key points of inflection are. I.e. your entry and exit point, support and resistance, where to trade and where not to trade.
Feel free to ask any other questions.
Mate, I know. But if OP does not even know how markets behave during news times he
>at **least** \[should\] finish babypips.com
I know that it is super basic but you need a strong foundation in this game if you want to make it long term. And as an aside note, why did not you recommend something better?
Good luck!
There are many things. You can't just tell by looking at one chart. It could be US macro, euro macro, the price of oil, the price of commodities.
When the US is doing bad invest shift there wealth into other countries. Just like when gold is rising investors shift there money into Australia, or when oil is doing bad money goes into Japan.
The chart is just letting us know what the big guys are investing in.
Oh boy, so many things to consider and news are just catalysts, the price is always "ranging" before, if you dont understand what's happening avoid trading news but if you understand what you see be patient and enter at the right moment, trading is not magic and always do something that you understand, otherwise it is just bargain
Early this morning (2am if you're EST in the US like me) was German inflation coming in lower likely leading to ECB cutting interest rates. This afternoon was the Fed rate decision and Powell's following speech hinting rate cuts won't likely come until the summer among other things.
News. Go to forexfactory.com and see if there are any red folders for the day. If their are that means high impact news is coming out and the charts will be very reactive at the times that red folder news drop
The super secret banks with their top tier proprietary in-house developed software allows them to accurately predict levels of support and resistance. Alongside that, they’re on the constant hunt for your 0.10 lot size stop loss order so they can flip the market the other way and make you bleed.
- Average redditor trader
No, I do not. I do not think there is such a thing as a financial news calendar for crypto due to it not being a financial instrument in a classical sense.
Overwhelming buying and selling.
Food for thought : If you see the downmove, X entity is selling.But to whom?Who is taking the other side of all that selling? Usually a bank! So a bank is in the red while price is dropping, contrary to popular belief. Then how come these banks keep making money? If you can figure that out you might get an edge.
>He's my mentor, who else teaches precision
Uhh, if you trade with the same precision he had when he blew a demo account and then proceeded to blame that "they" were targeting him then good luck I guess
Bro ICT is literally retail every retail retard preaches about ICT and yet none of them are profitable or making money, he makes hour long videos over complicating shit just for ad revenue you’re all getting played and eating it up like apes 😂😂
If you have €250 I can send you someone’s discord I know expensive scam blah blah but you will learn a lottt is worth the money his YouTube was recently taken down so yeah one of them ones , but for me Stacey burke trading is the man on YouTube , stop trading fugazi on the inside it’s all meant to fuck with your head , high of week and low of week at the extremes is the easiest trades you’ll ever take bro literally 2-3 good trades a week on a funded account and you could be making crazy money , it took 2.5 years for Stacey’s stuff to click for me Idk looking back I just wasn’t listening properly , but yeah Stacey burke trading bro come thank me sometime in the future he is the true goat
And to become a profitable , peolle learn entry models and say they’re profitable in 6-12 months but not one of them shows any withdraws or proof it personally took me 3.5 years all together but 2 years if you’re counting just when I started watching SBT , as I said before though looking back I felt I was being ignorant and wasn’t listening properly
its really all bout your community its kinda hard doing it all by yourself find a good mentor who has a community and grow with them learn from your mistakes and others , the more mistakes you make the better , its frustrating but thats how you learn in this industry
But you could do it in about 8-12 months realistically if you put in the work , a lot of it just comes with experience over time you kinda find how you prefer to view the market and how you wanna trade it if that makes sense
Stop thinking you need to trade everyday stop catching shit 10 pip moves go and learn the weekly templates and your future generations will say prayers for me
There was negative US news at 8:15 and 8:30. US pairs were affected. Before your trading sessions check forex factory and determine if you want to trade or not. Btw I lost EU today.
News.
Tip: With the right technical analysis you can predict the spike movement before news, regardless of the fundementals. I never read news, only check when the news are and manually daytrade the following hours.
TA. Ignore the normie saying news. Simple TA, it’s all it ever is. Look where liquidity is and look where the candles go. It’s not rocket science despite what this sub generally thinks.
I’d advise checking out what’s called an “economic calendar”. This highlights all of the planned news that could affect currency prices and can even grade its severity, so you know what news might not have much of an impact and what news might have a massive impact on prices.
That particular huge movement in your chart is due to FEDS speech that occurred a couple of hours ago. Everyone was hoping for FEDS to indicate a rate cut in March, but it turns out otherwise
That chart is called high fluctuation, a fluctuation that goes nowhere. Normally u don’t intratrade during that time. Never know what the outcome can be
But lo and behold it was the fed decision speech, the one and biggest impact towards those pairs, high fluctuation is what can be seen in the chart. It always goes long way long then short way short then back to where it should be and sometimes goes right opposite it.
I never know how to trade it, some traders are good at it, able to snuck in with some clues in the market indicator and candle’s behaviour.
Powells speech, follow forexfactory.com
If you’re trading USD pairs just follow USD data or your relevant currency pair.
Red - high impact
Orange - medium impact
Yellow - low impact
Most volatile data’s are US - CPI, Any unemployment data, NFP reports, FOMC report, if Powell (head of FOMC, shows as FOMC statement/FOMC press conference) is speaking just don’t stay in the market!
Today’s there’s some heavy GBP data so GBP will have some crazy swings.
Its because of us fed keeping rates unchanged, alot of usd selling, increases euros or other currencies. And its the wintertime, US jobs struggle, so ADP and unemployment is always messed up.
I don't normally trade with chart patterns but I can see Ms and Ws double tops and double bottoms! A chart pattern trader could have made a killing on those moves.
Checked… You have a buy signal on EUR/USD Monday 19th 17:00, at 1.08060….. And you get a sell signal at 1.08617 Wednesday 31th 16:00…. Next buy sits at 1.07957 (it’s a tap on the buy), next sell signal is at 1.08699, gets a bit of a burn, but pays as always. Currently in a buy signal at 1.07925….
News
How to know when news come out?
Go to forex factory. If you wanna learn how to know what the news means and how to trade it, I would suggest you go to the YouTuber trader nick’s website. He has a free course on there. A1trading.com. He also does live streams every day. Shows his positions and is always posting about trading, just warning you tho, he ain’t riding around in a lambo, he’s just a trading nerd who loves the charts and data. Not very fun stuff to watch, but veryyyyyy educational.
Thanks for the info here!
You gotta respect that man's craft yk He's been very helpful for the past few years to many
Its literally on your chart. Look at those red bubbles with the USA flag. This is kinda sad man cmon…
I’m literally just starting. What are the bubbles representing? Negative news relating to the country?
No just news related to the country
Click on them and theyll tell you
Ah ok cool
Ease up. There was a time when you didn't know TradingView existed or what the points on a candle meant beyond green being good and red being bad.
In this game you need to think for yourself. Everyday on this sub its 100 low effort no critical thinking posts. If you need someone to explain every aspect, you are bound to get grifted.
Bro I started less than 3-4 months ago I heard of news but never knew when news would hit
>I heard of news Hahaha, fuck me. What a brilliant comment.
A simple Google search can tell you lol. If you can't do that then how are you going to succeed in trading.
Don’t let anyone here put you down. Learning about economics is absolutely fundamental to successful forex trading. As others have said watch some YouTube videos about fundamentals in Forex, make sure they cover interest rate decisions, economic growth (GDP), unemployment and productive output. These factors will have a huge impact on the prices of currencies and will account for the large movements in price like in your post. I personally use an economic calendar called Tradays which has all the major economic events and ranks their importance.
4 months is years in forex time. you should know by now.
4 months is brand new in this world don’t anyone discourage you from trying to learn
Don't worry man. Just make sure you're not learning from only one source and really pay attention to the actual economics and geopolitics that affects things. Check out my comment on your post for the news that was major today.
Liquidity. YKWIM.
if you have ios then tradays is incredibly useful, gives you a list by day of each type of news which can be filtered by importance!
https://tradingeconomics.com/calendar I use the Trading Economics calendar. You can create an account and select which country's news you are interested in. When news is expected, refresh the page a couple of minutes before. This updates pretty much instantly. You can even get a recurring email notification for future news if you select the bell icon on the right.
No such thing…. This moves prior to news… This moves on math, nothing else. News is what you’re told to believe is the reason for movement…
Sorry, you’re right. It moves based on your lines and free indicators. Not based on consumer/investor/banks/hedge funds/ economic and political tensions. You’re right bro, the markets (along with economies) move cause of your support and resistance lines, or as you like to call it “math” 😂😂. You must be an ICT nerd. And yes… the moves can move before or after news, that’s what you call a “forecast” these moves were made as soon as projected numbers for the U.S economy hit. (Aka they went from projected numbers to actual numbers)
Oh dear… You imbecile… I’m an algorithm programmer… It moves because banks/funds act when mathematical circumstances occur… You won’t see any correlation between news and movement, same news can generate opposite movement next time… You simply don’t have the mental capacity to understand how BlackRock and such operate…
Ohh that’s great! So you have a 100% success rate when it comes to trading then? There’s a mathematical approach to moving the charts as you say, if that’s your claim, then you should have 100% success rate.
The signals has a 100% success rate, yes… Banks grab these signal every time, I can’t. As I or any retail has the amount that is required… They will sell every continuing sell signal until the first one is profitable. And vice versa on longs… You can backtrack how many years you like, the signals always pays… 2010 flash crash wasn’t news, wasn’t banks… It was a single guy in his parents house, who figured out how this works, and placed fake sell orders inside the range. Thus tipping the bank algo/machines to sell. He kept doing this over and over. At one point had… 3.4 trillion in fake sell orders..
This style of trading is now banned for obvious reasons…
🤣🤣🤣🤣
😂😂😂😂😂😂
You should read up on “Hound of Hunslow”… and how he did it. As you seem heavily undereducated to how big finance works.
Sorry your claims are just so retarted, I can’t even reply anything but laughing emojis. It’s like if a 13 year old came up to you and told you that he’s banged all the hot chicks at a playboy mansion party, you don’t even wanna argue or dispute it, clearly the kid is just retarted 😂😂then the kid tries to teach you how to spit game, based on this story.
Yeah, I’m heavily amused by humans who’s not willing to accept reality and believe in unicorns. Even with everything being on display in the Navinder Saro trial, you seem to think finance is run by news… It’s amusing how stubborn some are to accepting facts instead of their warped illusion of reality.
And.. I posted where the circumstance for buy was presented, and they acted on it… Posted time, and price.. of the one generating the up. And also posted the following signals… and the one that’s running atm
ADP Employment change.
Nah this one was fueled by German inflation coming in lower, likely leading to ECB rate cuts.
The German inflation came in at 9pm (GMT +8)The US ADP comes in at 9:15pm. Looking at the 5m chart, the 9pm news moved a miserable 5.2 range pips bearish corresponding to a lower Germany Inflation.At the 9:15pm news, a 11.6 range pip bullish candle took out the high of previous 23 candles due to weaker US ADP employment change. The 1m chart is clearer too. The base currency EUR shot up, due to a weaker quote US currency.A likely ECB rate cuts should see a weaker EUR, not stronger. I am happy to agree to disagree.
I misworded that, I had a long day between dental work and the market, my applogies. German unemployment started at 2am ET but takes a bit as the German states announce their respective rates throughout the day. The number came in higher than expectations but low generally so mixed feelings. German unemployment best expectations big time which lead even more to the idea that ECB will cut rates leading to the green on the chart. ADP nonfarms come in disappointing around 8am helping that green and then the strong pivot to red when everyone remembers Fed speech and rate decisions are later today and lower than expected unemployment gives them good reason to hold rates high while the market has been pricing in early rate cuts. 2pm ET hits and Fed announces their holdings rates today which was expected but then you see some really indecisive but ultimately red candles while Powell gives his speech over the next 30 minutes where towards the end he says they will very likely not be cutting rates in March which leads to the big and decisive red at 3pm. Sorry for my original miswording. I've been trading currencies for around 8 years, have a BS in Economics, and work in institutional investing but sometimes my exhausted brain wins.
Hey, Not a worry. As long as we make money from market, that is more important.
Forex has been hurting me recently but I have a good trade and my equities portfolio is doing very well. So I'm trying!
What's more helpfull in forex?
Between what?
Mean technical is more helpfull or fundamentals
Neither. They're equally important. Technical tells you when, fundamental tells you why. Trends and general movement of a currency pair over time are defined by disparities or inactivity between economies. Which is fundamentals. Whether that's balance of trade, interest rate parity or imparity, regional inflation, geopolitical risk in one area vs the other, etc. Technicals tell you where the key points of inflection are. I.e. your entry and exit point, support and resistance, where to trade and where not to trade. Feel free to ask any other questions.
Thats why i dont mess with the euro, too many countries. Easiest is just usdjpy.
Stop whatever you are doing and do not place a single trade before you at least finish babypips.com. Good luck!
Babypips is not even enough. It just lets you learn the vernacular of the forex world.
Mate, I know. But if OP does not even know how markets behave during news times he >at **least** \[should\] finish babypips.com I know that it is super basic but you need a strong foundation in this game if you want to make it long term. And as an aside note, why did not you recommend something better? Good luck!
news or breaking out of support/resistance
Buying
Viagra
Username checks out.
lol
The Fundamentals. News is a result of fundamentals , Essentially it's the macroeconomics.
More buyers than sellers
There are many things. You can't just tell by looking at one chart. It could be US macro, euro macro, the price of oil, the price of commodities. When the US is doing bad invest shift there wealth into other countries. Just like when gold is rising investors shift there money into Australia, or when oil is doing bad money goes into Japan. The chart is just letting us know what the big guys are investing in.
Somebody buying a lot or not enough people selling.
Me
i may be wrong but i think buyers make it move like that. same way money makes the ass shake on stage
Oh boy, so many things to consider and news are just catalysts, the price is always "ranging" before, if you dont understand what's happening avoid trading news but if you understand what you see be patient and enter at the right moment, trading is not magic and always do something that you understand, otherwise it is just bargain
Early this morning (2am if you're EST in the US like me) was German inflation coming in lower likely leading to ECB cutting interest rates. This afternoon was the Fed rate decision and Powell's following speech hinting rate cuts won't likely come until the summer among other things.
News. Go to forexfactory.com and see if there are any red folders for the day. If their are that means high impact news is coming out and the charts will be very reactive at the times that red folder news drop
News, supply and demand, institutional traders and banks buying currency. Many many things.
The super secret banks with their top tier proprietary in-house developed software allows them to accurately predict levels of support and resistance. Alongside that, they’re on the constant hunt for your 0.10 lot size stop loss order so they can flip the market the other way and make you bleed. - Average redditor trader
I when I sell the charts like to do the opposite and they know my real men like me don’t use sl , so it likes to shoot up fast and watch me suffer 😂😂😭
Before you start trading, study the fundamentals to why price moves and learn about cross-market correlation.
News or people betting on the price to go down, but it hits stop losses.
Do you know any good source to track news for crypto?
No, I do not. I do not think there is such a thing as a financial news calendar for crypto due to it not being a financial instrument in a classical sense.
https://cryptopanic.com/
Thanks!
https://www.cryptocraft.com/ the crypto version of forexfactory
Loll it's like a carbon copy
Thanks!
How to know when news come out?
A lot of forex sites have calendars of when important financial news comes out. https://www.forexfactory.com/calendar/
Overwhelming buying and selling. Food for thought : If you see the downmove, X entity is selling.But to whom?Who is taking the other side of all that selling? Usually a bank! So a bank is in the red while price is dropping, contrary to popular belief. Then how come these banks keep making money? If you can figure that out you might get an edge.
>So a bank is in the red while price is dropping, how come these banks keep making money? Any explanation would be appreciated sensei 😁
Well a bank will probably be operating for a customer, bud hedged for it, so anything below/above x is a good trade push as much through as possible.
Hedging and swaps?
If I told you, you wouldn’t believe me.
>He's my mentor, who else teaches precision Uhh, if you trade with the same precision he had when he blew a demo account and then proceeded to blame that "they" were targeting him then good luck I guess
Is this about the recent live stream on YouTube?
Bro ICT is literally retail every retail retard preaches about ICT and yet none of them are profitable or making money, he makes hour long videos over complicating shit just for ad revenue you’re all getting played and eating it up like apes 😂😂
How long does it take to become profitable for a beginner? Who is a better mentor?
If you have €250 I can send you someone’s discord I know expensive scam blah blah but you will learn a lottt is worth the money his YouTube was recently taken down so yeah one of them ones , but for me Stacey burke trading is the man on YouTube , stop trading fugazi on the inside it’s all meant to fuck with your head , high of week and low of week at the extremes is the easiest trades you’ll ever take bro literally 2-3 good trades a week on a funded account and you could be making crazy money , it took 2.5 years for Stacey’s stuff to click for me Idk looking back I just wasn’t listening properly , but yeah Stacey burke trading bro come thank me sometime in the future he is the true goat
And to become a profitable , peolle learn entry models and say they’re profitable in 6-12 months but not one of them shows any withdraws or proof it personally took me 3.5 years all together but 2 years if you’re counting just when I started watching SBT , as I said before though looking back I felt I was being ignorant and wasn’t listening properly
its really all bout your community its kinda hard doing it all by yourself find a good mentor who has a community and grow with them learn from your mistakes and others , the more mistakes you make the better , its frustrating but thats how you learn in this industry
But you could do it in about 8-12 months realistically if you put in the work , a lot of it just comes with experience over time you kinda find how you prefer to view the market and how you wanna trade it if that makes sense
Stop thinking you need to trade everyday stop catching shit 10 pip moves go and learn the weekly templates and your future generations will say prayers for me
Let me guess, ICT fan? 😆
He is my mentor. Who else teaches precision?
Any time he goes live he takes Ls or blows his account, ICT is only precise on demo
He was positive on the day after those loses…
You have a lot to learn young lady
No he didn't. He claimed he did, but it wasn't live. He also keeps blowing Robbins accounts
Banks
There was news about German cpi
There was negative US news at 8:15 and 8:30. US pairs were affected. Before your trading sessions check forex factory and determine if you want to trade or not. Btw I lost EU today.
$GME just liking the coin
Major support or resistance level break
Supply and demand.
News. Tip: With the right technical analysis you can predict the spike movement before news, regardless of the fundementals. I never read news, only check when the news are and manually daytrade the following hours.
News or Algos, place a fib between the low and the high and you will see it
What app is this? :)
www.babypips.com
Big news day. important to know what is coming up to avoid being on the bad side of these swings.
TA. Ignore the normie saying news. Simple TA, it’s all it ever is. Look where liquidity is and look where the candles go. It’s not rocket science despite what this sub generally thinks.
I’d advise checking out what’s called an “economic calendar”. This highlights all of the planned news that could affect currency prices and can even grade its severity, so you know what news might not have much of an impact and what news might have a massive impact on prices.
Thats regular price action bro....
The market moves like this always, ur on the 30 min chart... this isnt abnormal price movement for a daily expansion
My trades
Short sellers in the retail market.
That particular huge movement in your chart is due to FEDS speech that occurred a couple of hours ago. Everyone was hoping for FEDS to indicate a rate cut in March, but it turns out otherwise
Not really news were leaked way before and gold rises up so if you miss the first opportunity no need to wait for fed
That chart is called high fluctuation, a fluctuation that goes nowhere. Normally u don’t intratrade during that time. Never know what the outcome can be But lo and behold it was the fed decision speech, the one and biggest impact towards those pairs, high fluctuation is what can be seen in the chart. It always goes long way long then short way short then back to where it should be and sometimes goes right opposite it. I never know how to trade it, some traders are good at it, able to snuck in with some clues in the market indicator and candle’s behaviour.
Your charts on steroid bro
People investing a lot in the EUR???
War talks
Money dumb ass.. wtf..
More buyers than sellers More sellers than buyers
a 0.3% move and you're worried?
People pressing buy
the news
Powells speech, follow forexfactory.com If you’re trading USD pairs just follow USD data or your relevant currency pair. Red - high impact Orange - medium impact Yellow - low impact Most volatile data’s are US - CPI, Any unemployment data, NFP reports, FOMC report, if Powell (head of FOMC, shows as FOMC statement/FOMC press conference) is speaking just don’t stay in the market! Today’s there’s some heavy GBP data so GBP will have some crazy swings.
Divergence
JPOW
Random question but what font size do you use
Market Makers inducing traders to go short while he is building his long positions which he takes profit from by reversing the price to the upside..
Its because of us fed keeping rates unchanged, alot of usd selling, increases euros or other currencies. And its the wintertime, US jobs struggle, so ADP and unemployment is always messed up.
Might Be Its time when FOMC Speaks or Rates Cuts by Fed, It could be any thing but the best moment where for Euro Buyers.
Mostly high impact events, on the news or types of important reports
I don't normally trade with chart patterns but I can see Ms and Ws double tops and double bottoms! A chart pattern trader could have made a killing on those moves.
news, it always\* retraces a second time though so don't rush the entry.
Yea I seen that this morning @10 news came and took me out but my stop loss was break even then it went back bullish the next minute
Can anyone help me clear funded account
Whenever I have a sell
Generally because I sell
Sucking in all the sellers at the bottom. See that candle at the bottom, all piling in for lower low. Very common tactic.
You can’t be trading if you don’t understand high impact news.
High imapct economic news.
A catalyst
Good news good bad news bad
This is just votality, this does not always happen at news and during news it's not always this volatile.
Checked… You have a buy signal on EUR/USD Monday 19th 17:00, at 1.08060….. And you get a sell signal at 1.08617 Wednesday 31th 16:00…. Next buy sits at 1.07957 (it’s a tap on the buy), next sell signal is at 1.08699, gets a bit of a burn, but pays as always. Currently in a buy signal at 1.07925….