How many times have you tried to wait for the CPI, NFP or some other news event results to trade in the direction of logical consequence on the currency? How many times did it work? Not enough to be successful.
Big financial institutions move the Forex market. They react to our day trading. In the moment of major calendar events, they devour a lot of Buy or Sell orders of the retail traders. That is why you see so many illogical price movements.
People that use the same indicators and strategies make Stop Loss clusters which financial institutions like to trigger. If you want to always see those clusters use this indicator.
You do not want to be their regular “customer”. Sometimes it is best to avoid news trading after all.
Big financial institutions move the Forex market. They react to our day trading. In the moment of major calendar events, they devour a lot of Buy or Sell orders of the retail traders. That is why you see so many illogical price movements.
People that use the same indicators and strategies make Stop Loss clusters which financial institutions like to trigger. If you want to always see those clusters use this indicator.
You do not want to be their regular “customer”. Sometimes it is best to avoid news trading after all.
