What happened yesterday?

I was trading yesterday and suddenly USD made market bad, all the pairs which were nicely trending are now not, even those which have nothing to do with USD. Is there a term for it? how can one define this situation, sorry im a new trader. Is there a way to get to know such bad moves in the market so that one can stop trading and not go into lose? I suffered quite a loss yesterday so i want to know how to be better prepared for this situation?

regards

Lots of pairs are correlated that you might not expect to be correlated, For example the SPX and XXX/JPY pairs are all positively correlated whereas SPX and EUR/AUD are inversely correlated. This alone means you can expect a pair XXX/JPY pairs to be somewhat inversely correlated with EUR/AUD which you wouldn't expect at all. Secondly use a stop loss, always. Lastly trading pairs that are heavily correlated like EUR/AUD and EUR/NZD at the same time is basically trading with double size as the 2 traders are overwhelmingly likely to have the same outcome. So if you are trading highly correlated pairs like that consider halving your size.

You need to check the news calendar on FF every day before trading, or if you use meta trader, you can download this tool and it will show you the news for whatever currency you want, draw lines on your chart to visually see it coming, and do a popup message and audio alert at X minutes prior to the release, in case you want to exit. Obviously there are times when unscheduled news happens, but this will help you avoid spikes on the scheduled releases.

https://www.forexfactory.com/showthr...5#post12191575

thank you, now i can see the reason why it happened.

regards

In order to avoid such moments causing you questions, you need to do a better technical analysis of the market. Because such moments are standard and you can easily determine it using standard indicators and approaches. So do not worry, you will understand everything with experience. As for the correlation with other currencies - I will disagree a little bit, because each asset is a kind of separate universe and there are not so many stable correlations in the market that you can use all the time.
I think that the strongest among them is the dollar and gold. And all the rest are absolutely independent units, which acutely react to fundamental events, etc. So, the market should definitely be studied as seriously as possible.