FX:USDJPY   U.S. Dollar / Japanese Yen
This is a good example of speculating news
on Tuesday feb. 5th, 2019
President Trump as set to speak at 6pm pacific standard time ( 18:00 hrs)
USDJPY had a nice setup 1 to shoot up
it shot up before news came out (SPECULATION)


I could of entered on the buy, put my trailing stop at 10 pips maybe gotten taken out but it shot up over 20 pips

An experienced trader could of put trailing stops or taken profits ( Note that this was a scalp trades, all my trades all scalps)

After news USDJPY drop down
In FOREX it could of been negative news, long term investors sentiment, banks manipulation taking out stops on people who entered long

Worst case scenario
-New trader forgets to put stop loss (even an experienced trader, we all make mistakes)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.