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)
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)