Founder of Sutherland Wave Principle
- #1,206,521
- Dec 14, 2021 10:55am Dec 14, 2021 10:55am
- | Commercial User | Joined Feb 2010 | 8,031 Posts
- #1,206,522
- Dec 14, 2021 11:07am Dec 14, 2021 11:07am
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC
- #1,206,523
- Dec 14, 2021 11:09am Dec 14, 2021 11:09am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
- #1,206,524
- Dec 14, 2021 11:10am Dec 14, 2021 11:10am
- Joined Dec 2011 | Status: Postmaster | 11,928 Posts
POSTMASTER
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- #1,206,526
- Edited 4:19pm Dec 14, 2021 12:20pm | Edited 4:19pm
I'm ready for FOMC tomorrow and this great trade setup. 
- #1,206,527
- Dec 14, 2021 12:43pm Dec 14, 2021 12:43pm
- | Commercial User | Joined Feb 2010 | 8,031 Posts
Founder of Sutherland Wave Principle
- #1,206,528
- Dec 14, 2021 1:28pm Dec 14, 2021 1:28pm
- Joined Dec 2015 | Status: Trader | 2,290 Posts
Trendlines H1,H4, SMC
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- #1,206,533
- Dec 14, 2021 2:04pm Dec 14, 2021 2:04pm
- Joined Jun 2009 | Status: Trader | 1,734 Posts
MY GRID. Markets are NOT random.
- #1,206,534
- Dec 14, 2021 2:15pm Dec 14, 2021 2:15pm
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
- #1,206,536
- Dec 14, 2021 4:37pm Dec 14, 2021 4:37pm
- Joined Aug 2016 | Status: Trader | 10,372 Posts
Hourly - Longed here
- #1,206,537
- Dec 14, 2021 4:39pm Dec 14, 2021 4:39pm
- Joined Aug 2016 | Status: Trader | 10,372 Posts
5' -
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- #1,206,539
- Dec 14, 2021 7:59pm Dec 14, 2021 7:59pm
Just a reminder to those that follow news events. Potential impacting news tomorrow.
Protect your capital!
Knowing that there will probably be some up and down action or perhaps a sustained move up or down. Each trader should have their own plan and avoid some of these scenarios/options.
What are your typical plans around major news events? Feel free to reply with something that is not mentioned below.
Your in a positive trade but close to market price with some major news coming:
Bring stop to break even/take profit and let the market do what its going to do?
Go ahead and close with some small profit then sit back and relax and let the news settle in?
Remove/Adjust Stop or you didn't have a stop to begin with and watch price knowing your may be on the wrong side of the action?
Your in a positive trade and well into a trend with major news coming:
Adjust stop/take profit if you are using one?
Close trade and take your profit, not wanting to give back anything around the news events?
Your in a negative trade with major news coming:
You have your plan in place, you have a stop in place (order or mental) and you are going to let the market do its work?
Close trade and take your loss?
Your "Open" or "Active" trade book is clear with major news coming:
You dont give a shit about news and continue to trade normally and get into a position regardless of news events?
Plan your trade and trade your plan based on actual results of the news events?
Protect your capital!
Knowing that there will probably be some up and down action or perhaps a sustained move up or down. Each trader should have their own plan and avoid some of these scenarios/options.
What are your typical plans around major news events? Feel free to reply with something that is not mentioned below.
Your in a positive trade but close to market price with some major news coming:
Bring stop to break even/take profit and let the market do what its going to do?
Go ahead and close with some small profit then sit back and relax and let the news settle in?
Remove/Adjust Stop or you didn't have a stop to begin with and watch price knowing your may be on the wrong side of the action?
Your in a positive trade and well into a trend with major news coming:
Adjust stop/take profit if you are using one?
Close trade and take your profit, not wanting to give back anything around the news events?
Your in a negative trade with major news coming:
You have your plan in place, you have a stop in place (order or mental) and you are going to let the market do its work?
Close trade and take your loss?
Your "Open" or "Active" trade book is clear with major news coming:
You dont give a shit about news and continue to trade normally and get into a position regardless of news events?
Plan your trade and trade your plan based on actual results of the news events?
Swing the AXE..HARD w/ Effort, Consistency and Patience
- #1,206,540
- Dec 14, 2021 8:24pm Dec 14, 2021 8:24pm
- | Membership Revoked | Joined Jul 2020 | 7,294 Posts
