NFP .. or not to be, that is the second question!!

FX:EURUSD   Euro / U.S. Dollar
702 8 34
In this example, we failed.
The difference between the 2 examples is that i the first example, price just moved as it was supposed to without any manipulation before or after the event but in this, price moved as it should have but only after manipulation and that caused a problem. We got out with a small loss, but we lost the opportunity to make good returns from this trade.

So yes, we can technically trade the market during news events, but we must be ready to exit once we see any signs of manipulation

Comment: Even in this trade, after I saw that expanding triangle, I should have known that we will get manipulation prior to the actual movement because as I stated on the original chart, an expanding triangle signals instability.

I missed it unfortunately
what do you mean about manipulation, and how are u able to spot it?
Manipulation is a lot of things.
You can spot it when the market breaks down on the lower timeframes
+1 Reply
Good memory, I will be looking at that myself. Thanx!
when is the best time to enter the trade
Ichimoku_Trader SajjadHaider
When you are sure that you're not going to lose your money
+1 Reply
SajjadHaider Ichimoku_Trader
Thanks, now I looked back at the chart again, and got your point, so true
Ichimoku_Trader SajjadHaider
+1 Reply
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