Sorry if this was covered already. I have noticed lots of charts with the YEN and USD looking bearish right now.
While I am here this last 2 weeks is a perfect example of news frenzy moves on the charts. I was knocked out of 2 long term trades at break even during these violent moves and then they continued on my projected path. I am wondering how Chris and others handle this crazy news spikes that happen? Do you consider re-entering your trades if knocked out once the smoke clears or do you wait for the PA to show another entry?
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here is the weekly Eu chart i see a weekly pin bar was broke and now is retracing. Is the a clear trade signal if we break the low of the pin bar a second time? I like the location at a significant level on my chart, but lots of congestion below(blue box)
While I am here this last 2 weeks is a perfect example of news frenzy moves on the charts. I was knocked out of 2 long term trades at break even during these violent moves and then they continued on my projected path. I am wondering how Chris and others handle this crazy news spikes that happen? Do you consider re-entering your trades if knocked out once the smoke clears or do you wait for the PA to show another entry?
next question:
here is the weekly Eu chart i see a weekly pin bar was broke and now is retracing. Is the a clear trade signal if we break the low of the pin bar a second time? I like the location at a significant level on my chart, but lots of congestion below(blue box)