Trading With the news: Me vs FOMC

18 dic 2021

Haven't posted in a while, took a break since I passed my FTMO Challenge, and I have more time to pass the verification I thought why not. But here's a look at a trade set up I took in the middle of this week, which didn't go as planned technically but still pretty good in the end. So, I found a really good buy opportunity on EURUSD on the 1Hr Tf and thought I'd capitalize. But before the charts could start to approach my original entry for 1:8 Trade, I noticed another possible entry on the 15min Tf and fomo set in, so I added another position lol for what I saw to be a possible 1:21 and placed a second entry above my first order. Morning of I checked FXfactory and noticed the US FOMC was releasing later that day and expected the bs to start on the charts lol. So around 2 when the news released this massive spike down occurred triggering and stopping me out the 1:21 but lucky enough it also tagged me in my original entry and went for the 1:8. Better set up higher Lot size trade. Moral of the story is once again go with your gut and believe your eyes. Follow order flow it'll lead you in the right direction. Also Risk management is king. Safe trading everyone.