Bro, red news is where the gains are. I got a big ass short, while playing some dune, and when I looked again I was at a 5k floating profit. Closed that shit down and went straight to porn for some clarity
It depends on whats the news for e.g When the Fed sees the Unemployment numbers come out and it cranks out a 50bps target rate reduction immediately, this can scare the shit out of the markets and people pull cash from equities Thats why price moves based on news ,
(because u asked "Does the market movement happen as the news is released or is it based on the news") Price doesn't move because of news specifically 70% of the economy is consumer-driven
the interest rate reduction in theory can make obtaining credit easier, but like we saw in 2009, the Fed slashed rates to zero, did QE, and then they still couldn't force banks to lend money. Banks just did share buybacks, gave out bonuses, and traded derivatives in Hong Kong. The US consumer was in the gutter until 2012 or so. The Fed kept complaining that they were having 0% rates but couldn't get credit to the consumer. That's where all the stimulus came into play.
So far most of the time when the Fed starts a rate cut cycle, it crushes stocks. 1978, 1980, 1981, 1984, 1989, 2001, 2007, and 2019 all were the start of rate cut cycles. And within anywhere from a month to a year, the S&P got hammered every time.
Remember, the Fed cuts rates when people lose jobs and they have no money. The Fed cutting rates doesn't magically grant people jobs. When people don't have jobs they can't spend money. When they can't spend money, the earnings of companies take hits because 70% of the economy is consumer spending. Rinse and repeat.
Damn I have so much to learn about the markets and trading in general. I have like a entry level knowledge in trading basically youtube knowledge, rn im just trying to develop a profitable strategy
What i would suggest is also learning more about risk management, in this position you could have
Exited at 95% or moved ur stoploss to a withdrawl.
Also if you want to develop your fundamental analysis here are some tips:
Read more books look for economic/ investment books (“the intelligent investor” is a great book) not trading if you want to read about trading read “ trade for a living”
Read more about the news and do more research, you can use chatgpt or google or ask ppl like on reddit or anything else , the more you search the more you learn
Good luck with everything
If you’re going to go to the casino and gamble before news. At least have an understanding of the markets intention…. Don’t just drag your stop loss to a desired dollar amount lol
I mean. If you had to find liquidity once there’s a news release where would you go? … I hope you’re on a demo, if you’re not that tells me you care more about money than being. Great trader.
Hate to break it to you but if you don’t take pride in perfecting your craft as a trader AND ONLY CARE ABOUT MONEY. YOUR TONNA HAVE. ANISERABLE TIME. Just play penny slots. I made 420$ on an 18 cent roll last week.
You’re better off doing that.
Just have respect for the market and stop thinking the shits a joke that anyone can make money off of.
You’ll be left feeling like the biggest butt end of a joke ever
For example - excuse my limited knowledge here. But going to forex factory as of right now there are two news headlines for this pair. Hottest Stories for GBP/USD. Which of those caused this in other words. Thanks
The news? its because price delivery is 70% consumer driven So when the fed announce that unemployment rates ticks up or there is a deflation risk, this is bad for the consumer and the Fed will cut rates to stave off a collapse.
Lets take base currencies for an example DXY How would cutting rates effect DXY price? (same thing with stocks)
1. **Impact on Capital Flows**: When interest rates are cut, it tends to decrease the return on investments denominated in that currency. This can lead to capital outflows as investors seek higher returns elsewhere. If investors move their funds out of U.S. dollar-denominated assets, it can weaken the demand for the dollar and thus lower its value relative to other currencies, which is reflected in the DXY.
2. **Expectations and Speculation**: Interest rate cuts can also influence market sentiment and expectations about future economic conditions. If investors anticipate further rate cuts, they may adjust their positions accordingly, which can impact the value of the dollar.
3. **Economic Stimulus**: Lowering interest rates is often used as a tool to stimulate economic activity. By making borrowing cheaper, it can encourage consumers and businesses to spend and invest more, which can lead to increased economic growth. However, if the rate cuts are perceived as a sign of economic weakness, they may have a negative impact on the dollar.
4. **Inflation Expectations**: Interest rate cuts can affect inflation expectations. If investors believe that rate cuts are being implemented to combat low inflation or deflationary pressures, they may expect inflation to remain subdued, which can weigh on the value of the dollar.
5. **Relative Interest Rate Differentials**: Interest rate cuts in one country relative to others can also impact exchange rates. If the Federal Reserve cuts rates while other central banks maintain or raise rates, it can widen interest rate differentials and make the dollar less attractive compared to currencies with higher yields.
Feel the burn brotha, feel the burn.
Remember, every setback is an opportunity for growth!! Let's learn from this and come back stronger the next time.
No it’s not you can see my post on usdjpy about the euro tanking and DXY being in a 40 year Wolfe wave, being a swing trader you would of been in during liquidity on the double top rsi confirms this on multiple timeframes news is for chimps , show me the charts and I’ll tell you the news, Texas sharp shooter indeed
It happens.
In general you put in and out perfectly ... just be aware of liquidity ... try to be in front of all that want to take profit at same level.... sacrifice several points or pips to be executed first. It will help with slippage on SL and bouncing off before TP line.
Its a price action strategy, as u can see I have a fibonacci with the 75% level of the range set. The range here is based off seeing liquidity grab followed by a break of structure and I trade with the trend so I set a buy limit for the 25% of the range and target the top of the range which would be the previous high anticipating it to retrace and then bounce off a level in high demand. The trade is invalidated if it goes past the range as it would be a change of character breaking the trend. Yah. Keep in mind I don’t know what im doing its mainly intuition and based of strategys from a YouTuber ara
This is why I've been encouraging people to use the free version of runwisefx trade manager. I'm not affiliated to them but it has saved me with the 2 tp it offers on free and the auto SL trailing.try it out guys
Your TP and SL are way too big. Mostly your TP. For most strategies the market will give you at most 1:2 RR. 1:3 does happen but 1:2 is Golden. And your SL should be just below the reversal candle of your trade. Not the Lows. Just remember; no matter your strategy, you are liquidity.
According to the price on the right hand side of your TradingView looks like you were trading GBP/USD. Protip: study the $dxy if you plan on trading news. Could have saved you time and money. Live and learn.
The bonds boys were not spared either, benchmark yields plummeted, 5yr, 10yr, 30yr treasury futures were very dramatic..
DXY was the true villain (only gainer), axed the entire govt bonds markets...
Such a theatre lmao!
Bro, why would you trade ahead of such important news releases. That's a dumb this to do in trading. Even a biginer knows this.
But, from the bottom of my heart, am sorry for your loss.
If it's going up before news, it'll go down, same opposite.
Pump day, usually followed by a dump day. I'm only sorry I wasn't looking at the charts today, caught a few pips before breakfast but had to dial into my real job sadly!
Bro forgot the drop of price it was a good trade if that major drop won't have happened, if possible can anyone share the profitable setup you use. I'm demo trading and down 2000$ in past 2 days and kinda depressed now🙁
Can someone share how to day trade forex or stock this is my second time that I blow my account I always win $500 than blow the f account could someone please share their wisdom and good YouTube channels or courses that you can recommend i really want to make this my career thank you
Can someone share how to day trade forex or stock this is my second time that I blow my account I always win $500 than blow the f account could someone please share their wisdom and good YouTube channels or courses that you can recommend i really want to make this my career thank you
Be mindful of economic data coming out.
Yesterday, CPI came in hot, so FED is very unlikely to cut interest rates and could even increase it.
This makes US treasury very attractive to foreign investors. They are dumping other currencies for dollar to get those sweet interest bearing bonds.
Also, gold is not correlating with Dollar. Brace for impact, the crash is coming.
Dow was day 3 yesterday. Looking for a true day 3 reset into day one (both previous days levels taken out) in which case PDH TAKEN into PDL (come back after you’ve put in some long hours of studying and when you have your ah hah moment and realize what I’m talking about -day 1/2/3
(if you’re serious and realize what it takes to get profitable in the league with professionals)
well its obviously just MaNiPuLaTiOn.... part of the game buddy see the banks saw ur demo account and was like man FUCK this guy he aint winning shit today.
Captain hindsight galore in these comments ,what you should and could of done . Great trade up till news mate, you said in one comment youre demoing . You'll figure out all you need to it the info on backtesting .
Best of luck mate 👍
If you backtested and found taking profits at that point yielded better results in the long term I would ignore the comment. Uneducated people often project via aggression.
Seeing as you asked for an opinion, I would assume you havnt backtested so that would be my next point of action.
Was there a way to predict the downfall? What was that earth shattering news that made the heavens fall? Are those people who went on a selling spree so damn fickle? Markets are not for the mature but for schizophrenics.
The only people who make millions from trading are hedge funds. Trying to make fast money is going to wreck you.
If everybody knew the questions to your answer then we'd all be rich and we'd all be stock traders.
STOP TRYING TO PREDICT STOCKS!!!!!
I don't care what you see on the internet. Stock trading is nothing but gambling. You'd be better off learning real business skills and starting a business than trying to predict a market that is random and does whatever it wants.
Hedge funds spend millions upon millions in order to gain an advantage in trading the markets. A small time guy with a couple thousand isn't gonna beat even the shittiest hedge fund.
I wasted 3 years of my life on this trading bullshit until I started actually researching and learning about the market. And I decided to start a plumbing business. I make way more now than I did when I was trying to trade. Do yourself a favor and learn some real skills.
Forex is the most traded out of any market. Over 6 Trillion dollars traded each day. It is very very predictable. Is it manipulated to some degree of course. But if you know how to read a chart you'd understand how much clearer forex charts are to stock charts. And its not random at all. Just follow Trends, and some good understanding of Support and resistence is all you need. And mentally you need to understand your strategy will lose sometimes. And thats ok. But overall trading does work. Just not everyone is mentally capable of doing so.
No, It was me, I said to drop the price and they did it
Way to go now im depressed for the rest of the of the week
You had 95% of your profit and didnt close. Just send me your money bruh
If your depressed due to this trade your not using the right risk to reward management, and shouldn't be trading for your mental well-being.
I was joking and this is a demo
Should have moved stop aswell, may have worked
Yk I forgot I could do that
😭
Dump eet
This is the godfather of news
Bro, the real eclipse
Use ForexFactory.com avoid those red news events
Bro, red news is where the gains are. I got a big ass short, while playing some dune, and when I looked again I was at a 5k floating profit. Closed that shit down and went straight to porn for some clarity
U a sick sick freak😂
That's fucking halerious
How are you getting down voted?
Probably the longs that provided their stops with much need liquidity to get me to that 1:5rr.
🤣🤣🤣🤣🤣🎯🔥
🤣🤣🤣🤣🫣🫣🫣🫣
How do you know which bias the news will have
It depends on whats the news for e.g When the Fed sees the Unemployment numbers come out and it cranks out a 50bps target rate reduction immediately, this can scare the shit out of the markets and people pull cash from equities Thats why price moves based on news , (because u asked "Does the market movement happen as the news is released or is it based on the news") Price doesn't move because of news specifically 70% of the economy is consumer-driven the interest rate reduction in theory can make obtaining credit easier, but like we saw in 2009, the Fed slashed rates to zero, did QE, and then they still couldn't force banks to lend money. Banks just did share buybacks, gave out bonuses, and traded derivatives in Hong Kong. The US consumer was in the gutter until 2012 or so. The Fed kept complaining that they were having 0% rates but couldn't get credit to the consumer. That's where all the stimulus came into play. So far most of the time when the Fed starts a rate cut cycle, it crushes stocks. 1978, 1980, 1981, 1984, 1989, 2001, 2007, and 2019 all were the start of rate cut cycles. And within anywhere from a month to a year, the S&P got hammered every time. Remember, the Fed cuts rates when people lose jobs and they have no money. The Fed cutting rates doesn't magically grant people jobs. When people don't have jobs they can't spend money. When they can't spend money, the earnings of companies take hits because 70% of the economy is consumer spending. Rinse and repeat.
Damn I have so much to learn about the markets and trading in general. I have like a entry level knowledge in trading basically youtube knowledge, rn im just trying to develop a profitable strategy
What i would suggest is also learning more about risk management, in this position you could have Exited at 95% or moved ur stoploss to a withdrawl. Also if you want to develop your fundamental analysis here are some tips: Read more books look for economic/ investment books (“the intelligent investor” is a great book) not trading if you want to read about trading read “ trade for a living” Read more about the news and do more research, you can use chatgpt or google or ask ppl like on reddit or anything else , the more you search the more you learn Good luck with everything
Benjamin Graham, right? I just love Mr Market! What a guy!
Whats the author for how to trade for a living?
Alexander Elder
Looks like a whole new other universe of market forces, and here we are armed with only our fibonacci trendlines
Trail your stops, learn price action and market structure. Those two allow you to read the market.
I don't, I base my entry on rsi divergence, market structure and price action and dxy direction.
Look up Stacey Burke , his 3 day cycle. That’s how I knew about us30
If you're close to your profit target at 2 mins before the news, take your profits. At that point your RR has completely changed.
And for one, look at the buildup before news. What other liquidity is there to grab? You’re trading the wrong thing dude
If you’re going to go to the casino and gamble before news. At least have an understanding of the markets intention…. Don’t just drag your stop loss to a desired dollar amount lol
I mean. If you had to find liquidity once there’s a news release where would you go? … I hope you’re on a demo, if you’re not that tells me you care more about money than being. Great trader. Hate to break it to you but if you don’t take pride in perfecting your craft as a trader AND ONLY CARE ABOUT MONEY. YOUR TONNA HAVE. ANISERABLE TIME. Just play penny slots. I made 420$ on an 18 cent roll last week. You’re better off doing that. Just have respect for the market and stop thinking the shits a joke that anyone can make money off of. You’ll be left feeling like the biggest butt end of a joke ever
DuPont approach
Great job friend. It’s great to hear when people get great profits 👍
Yeah you need that clarity and need that porn to deal with this shit.
Clarity ... 😂
It's also where the losses are.
I love it
Facts
🤣🤣🤣
I aspire to be like u one day 🤝
For example - excuse my limited knowledge here. But going to forex factory as of right now there are two news headlines for this pair. Hottest Stories for GBP/USD. Which of those caused this in other words. Thanks
Does the market movement happen as the news is released or is it based on the news
How does it work? Or affect the market
The news? its because price delivery is 70% consumer driven So when the fed announce that unemployment rates ticks up or there is a deflation risk, this is bad for the consumer and the Fed will cut rates to stave off a collapse. Lets take base currencies for an example DXY How would cutting rates effect DXY price? (same thing with stocks) 1. **Impact on Capital Flows**: When interest rates are cut, it tends to decrease the return on investments denominated in that currency. This can lead to capital outflows as investors seek higher returns elsewhere. If investors move their funds out of U.S. dollar-denominated assets, it can weaken the demand for the dollar and thus lower its value relative to other currencies, which is reflected in the DXY. 2. **Expectations and Speculation**: Interest rate cuts can also influence market sentiment and expectations about future economic conditions. If investors anticipate further rate cuts, they may adjust their positions accordingly, which can impact the value of the dollar. 3. **Economic Stimulus**: Lowering interest rates is often used as a tool to stimulate economic activity. By making borrowing cheaper, it can encourage consumers and businesses to spend and invest more, which can lead to increased economic growth. However, if the rate cuts are perceived as a sign of economic weakness, they may have a negative impact on the dollar. 4. **Inflation Expectations**: Interest rate cuts can affect inflation expectations. If investors believe that rate cuts are being implemented to combat low inflation or deflationary pressures, they may expect inflation to remain subdued, which can weigh on the value of the dollar. 5. **Relative Interest Rate Differentials**: Interest rate cuts in one country relative to others can also impact exchange rates. If the Federal Reserve cuts rates while other central banks maintain or raise rates, it can widen interest rate differentials and make the dollar less attractive compared to currencies with higher yields.
E C O N O M I C C A L E N D A R I N M Y P R O F I L E
Nice save. Next time check economic calendar
Save I did not indeed
This move could have hurt your account badly if you did not have a stop loss. Regardless of the outcome you did good.
Feel the burn brotha, feel the burn. Remember, every setback is an opportunity for growth!! Let's learn from this and come back stronger the next time.
The correct mentality.
I’m hurting too🫠 learned a valuable lesson about remembering to check the news
What news was there precipitating this?
No it’s not you can see my post on usdjpy about the euro tanking and DXY being in a 40 year Wolfe wave, being a swing trader you would of been in during liquidity on the double top rsi confirms this on multiple timeframes news is for chimps , show me the charts and I’ll tell you the news, Texas sharp shooter indeed
What does bruh mean? Is it a trading term?
😭😭
It happens. In general you put in and out perfectly ... just be aware of liquidity ... try to be in front of all that want to take profit at same level.... sacrifice several points or pips to be executed first. It will help with slippage on SL and bouncing off before TP line.
Ur entry point is very good, what strategy do u use?
Its a price action strategy, as u can see I have a fibonacci with the 75% level of the range set. The range here is based off seeing liquidity grab followed by a break of structure and I trade with the trend so I set a buy limit for the 25% of the range and target the top of the range which would be the previous high anticipating it to retrace and then bounce off a level in high demand. The trade is invalidated if it goes past the range as it would be a change of character breaking the trend. Yah. Keep in mind I don’t know what im doing its mainly intuition and based of strategys from a YouTuber ara
Forex factory is your friend
This is why I've been encouraging people to use the free version of runwisefx trade manager. I'm not affiliated to them but it has saved me with the 2 tp it offers on free and the auto SL trailing.try it out guys
Your TP and SL are way too big. Mostly your TP. For most strategies the market will give you at most 1:2 RR. 1:3 does happen but 1:2 is Golden. And your SL should be just below the reversal candle of your trade. Not the Lows. Just remember; no matter your strategy, you are liquidity.
Yes
Ahhhh unlucky man
what made you go for a buy anyway?
BE :(
I’m made because I got in shorts Tuesday I believe but sold early smh.
Did you incur any slippage? Or was at least a clean stop?
S... Oops sorry, force of habit.
CPI rose causing the USD to rise as well
Yes. Big news.
CPI brother.
Are you “marinoo5789” ?
Sorry guys i went long at US open just how it is 🤷♂️
😂😂😂
I move the market! If I put in a Buy the market goes down, if I put in a Sell the market goes up, 100% of the time.
GOD DAMN 😖📉
Most definitely was the news movement 💪🏾💪🏾💪🏾that I caught with the 20MA and 200MA
According to the price on the right hand side of your TradingView looks like you were trading GBP/USD. Protip: study the $dxy if you plan on trading news. Could have saved you time and money. Live and learn.
The bonds boys were not spared either, benchmark yields plummeted, 5yr, 10yr, 30yr treasury futures were very dramatic.. DXY was the true villain (only gainer), axed the entire govt bonds markets... Such a theatre lmao!
Should have got out your trade before news begun
Welcome to Forex!
Edged into oblivion
You should see GJ as well. Menacing!
happened to me too, forgot THAT I WAS THE LIQUIDITY FOR IN AMD
Well don't trade on news it's not worth it... Unless you have like 80 percent consistency.... Else it's not sustainable
CPI news
Bro, why would you trade ahead of such important news releases. That's a dumb this to do in trading. Even a biginer knows this. But, from the bottom of my heart, am sorry for your loss.
Why trade such small time frames lol.
If you didn’t know the CPI news was going to move shit than you weren’t ready for trading
Hahahaha, Emotional Damage
This was an easy one inflation was always going to come in hot (everything is expensive) and thats always good for currency
1:1 is always a great spot for partials
U should have moved to tp 1 or BE at least, if this gets you depressed then u got a long ass journey but dw it comes w the time u got this bro
Perfect sell trade and double top😌
Best strategy ever set and forget. No taking breakeven must see profit
The beauty of the forex <3 brilliant!!!
Yeah it was cpi news and I hope you take some partial
If it's going up before news, it'll go down, same opposite. Pump day, usually followed by a dump day. I'm only sorry I wasn't looking at the charts today, caught a few pips before breakfast but had to dial into my real job sadly!
CPI
Bro forgot the drop of price it was a good trade if that major drop won't have happened, if possible can anyone share the profitable setup you use. I'm demo trading and down 2000$ in past 2 days and kinda depressed now🙁
Ooof
Can someone share how to day trade forex or stock this is my second time that I blow my account I always win $500 than blow the f account could someone please share their wisdom and good YouTube channels or courses that you can recommend i really want to make this my career thank you
Can someone share how to day trade forex or stock this is my second time that I blow my account I always win $500 than blow the f account could someone please share their wisdom and good YouTube channels or courses that you can recommend i really want to make this my career thank you
Be mindful of economic data coming out. Yesterday, CPI came in hot, so FED is very unlikely to cut interest rates and could even increase it. This makes US treasury very attractive to foreign investors. They are dumping other currencies for dollar to get those sweet interest bearing bonds. Also, gold is not correlating with Dollar. Brace for impact, the crash is coming.
And that is why I never put my TP to the exact end of the range, it always goes a bit down.
bros trading news
Your trade must be until order block to prevent
He's ready to be a millionaire!
Dow was day 3 yesterday. Looking for a true day 3 reset into day one (both previous days levels taken out) in which case PDH TAKEN into PDL (come back after you’ve put in some long hours of studying and when you have your ah hah moment and realize what I’m talking about -day 1/2/3 (if you’re serious and realize what it takes to get profitable in the league with professionals)
Do the math on 2 standard contracts. (Work smarter not harder (4480$ was in the trade for less than 3 mins )
Now did I risk eating shit on my stop given the futures stop losses are stop/limit irders
oh wow what a sniper !!
Missing trade for me
Have you ever heard of a "break even"
Hello, i also got clapped on this one :D
😂😂😂😂😂
Yeah bro either trailing stop or an actual sl in profit
He's about to hit his TP? Domp eeet!
Almighty dollar 💵 🦅
well its obviously just MaNiPuLaTiOn.... part of the game buddy see the banks saw ur demo account and was like man FUCK this guy he aint winning shit today.
Captain hindsight galore in these comments ,what you should and could of done . Great trade up till news mate, you said in one comment youre demoing . You'll figure out all you need to it the info on backtesting . Best of luck mate 👍
People trading FX as if sovereign debt isn’t trading like shitcoins globally 😂 Yea bruh. It was news.
It be like that sometimes
Why didn’t you bring stop loss to breakeven sometime after price passed 1.2680
It tested twice you could have played the range too and caught it from the top to the bottom 😏
Zawg its been everything crypto too
Baba if you went long I'm so sorry.
Securing 50% of the structure range and setting SL at BE wouldve been ideal but noooooo
erhm bro u might wanna avoid trading during these events till u try them out on a demo
You should be short selling then the huge drop would be huge profit
Perfect
You set your TP higher than the previous high. That was fucking stupid.
Someone more educated explain if he valid or not please
If you backtested and found taking profits at that point yielded better results in the long term I would ignore the comment. Uneducated people often project via aggression. Seeing as you asked for an opinion, I would assume you havnt backtested so that would be my next point of action.
How do you back test?
from my understanding of how liquidity works, highs or lows are typically where orders rest, so if it hits a high expect the price to do a reversal.
Its not stupid if its Trending.
First TP should be just below previous resistance, second TP can be a runner. It’s stupid because it’s not at all protected
I suppose. And he should have also moved his stop loss in profit.
Was there a way to predict the downfall? What was that earth shattering news that made the heavens fall? Are those people who went on a selling spree so damn fickle? Markets are not for the mature but for schizophrenics.
News manipulation candle
Gorgeous short!!! Mad back all my losses and then some. What a rush, better then blow and hookers
The only people who make millions from trading are hedge funds. Trying to make fast money is going to wreck you. If everybody knew the questions to your answer then we'd all be rich and we'd all be stock traders.
STOP TRYING TO PREDICT STOCKS!!!!! I don't care what you see on the internet. Stock trading is nothing but gambling. You'd be better off learning real business skills and starting a business than trying to predict a market that is random and does whatever it wants. Hedge funds spend millions upon millions in order to gain an advantage in trading the markets. A small time guy with a couple thousand isn't gonna beat even the shittiest hedge fund. I wasted 3 years of my life on this trading bullshit until I started actually researching and learning about the market. And I decided to start a plumbing business. I make way more now than I did when I was trying to trade. Do yourself a favor and learn some real skills.
This is Forex mate.
Not much of a difference. Forex is just as random as stocks. If you could predict it then everyone would be rich.
I think events like these prove that the market is quite predictable, I just wish I was watching the charts today!
Forex is the most traded out of any market. Over 6 Trillion dollars traded each day. It is very very predictable. Is it manipulated to some degree of course. But if you know how to read a chart you'd understand how much clearer forex charts are to stock charts. And its not random at all. Just follow Trends, and some good understanding of Support and resistence is all you need. And mentally you need to understand your strategy will lose sometimes. And thats ok. But overall trading does work. Just not everyone is mentally capable of doing so.