I entered long into this EU trade on the 5m before getting stopped out, only for it then to go on a crazy bullish run. Luckily, I managed to claw my loss back, but how can I avoid this? There was no inclination that it was going up with 4 red candles and then suddenly it takes the SL and shoots up. There’s German CPI today, but I was trading after all the data had been released, so I’m just a bit confused about how I can learn from this when I don’t even know what I’m seeing.
Trump tariff news.
Landry said:
Trump tariff news.
Trump news. Time to re-install Twitter @ x.
It’s back to 2017-2020. Trump’s policy tweets move markets wildly.
I feel I’ve been absolutely mugged.
Complete same.
Why did USD just take a shit?
Clove said:
Why did USD just take a shit?
Exactly?? Hate when it happens because you do everything correctly only for the markets to go ‘haha nah’. It’s the game, but come on now.
Clove said:
Why did USD just take a shit?
Exactly?? Hate when it happens because you do everything correctly only for the markets to go ‘haha nah’. It’s the game, but come on now.
Ok, who told you that you did everything correctly?
Clove said:
Why did USD just take a shit?
Exactly?? Hate when it happens because you do everything correctly only for the markets to go ‘haha nah’. It’s the game, but come on now.
There is no ‘correct’ or wrong in trading.
@Jules
There is following your trading plan to the letter, which is my definition of doing things correctly.
Hollis said:
@Jules
There is following your trading plan to the letter, which is my definition of doing things correctly.
That is 100% true! Good for you.
Stop asking why and trade your system. Also, big moves have less volume; the consolidation areas are where the most volume is. And it was news that impacted price.
Darby said:
Stop asking why and trade your system. Also, big moves have less volume; the consolidation areas are where the most volume is. And it was news that impacted price.
If he asked this, he doesn’t have a system.
Which is the new?
Oak said:
Which is the new?
German CPI.
No. It’s because Trump’s team is backing off on tariff plans.
Trump said something. My trade on NZDUSD hit TP so fast lol.
Some whales snort and the pair gained 1%, but I think it’s just momentum. Anyway, for the sake of trading, these moments are mandatory. X said, Y said, situation is tense in general.
What do you think?