ilmscore | Prediction Details
"and that's how i handle my positions when i'm inside of positions while news events occur would that be the case let's take a look at a couple of live trades i had this morning while non-farm payroll was actually being announced hey traders it's non-farm friday and i actually have two live trades open right now i thought it'd be pretty fun to actually just record myself in these trades as the volatility starts to kick up here in the market so we can see if i hit some decent targets or get stopped out on these two traits the two traits i have on are on the aussie dollar along with the new zealand dollar both these trades are currently in profit i have my stop losses in place in case prices go in the opposite direction that i want them to and come down and stop me out that's completely fine and i'm prepared for it and i also want to give you a little bit of a lesson on how i like to manage trades on days where news events come out we'll talk about that in just a second it's actually 8.29 so let's take a look how the volatility affects these trades and see if we can get some decent targets out of the aussie dollar in new zealand dollar or if we go all the way down to our stop plus and exit these trades with a loss there we go volatility coming through we get a nice push up at the beginning let's see what new zealand's doing oh almost always followed by the opposite direction right and the opposite direction here on the new zealand dollar volatility pushing us around pushing us around and we have now hit what would have been my target makes me want to move my stop loss to break even but i'm not going to do that quite yet what i'm going to do is just wait for prices to get somewhere around let me change the color of this line this level a little bit lower than that actually somewhere around here which is gonna hopefully give me something like a two to one yeah if i can get up to a two to one here where i was only going to get like a 1.6 or so then i'll be completely fine with that and i'll just exit the position at this point i am going to move the stop loss up to break even because i do not want to lose money on a trade that i now have more target than i would have originally had anyway here we're already at a two i'm gonna try to get a three to one out of the new zealand dollar here things are gonna happen really quickly because of the fact that we are dealing with non-farm payroll volatility in the market i feel like there's a hair hanging off my mustache for my dog that kind of sucks hope it wasn't in the whole video anyway let's see what happens push up push up i would be okay i really like it too let's see if we can get a two to one out of the aussie dollar here on the new zealand dollar we'll just wait it out and oh my gosh what bad timing my uber eats breakfast order is now here that is terrible timing can you see that like it just showed up in the middle of this are you kidding me come on uber after chatting it up with my uber driver for a few minutes i came back to the charts and i saw that the new zealand dollar was at about a 2.8 to 1 reward to risk ratio and i ended up taking off targets right there"
By The Trading Channel (The Trading Channel) | September 2, 2022 | Pending
From video
How To Trade Forex During News Events... (My Entire News Trading Strategy) 00:07:11 - 00:09:20
Interpreted Prediction
Australian Dollar trade was considered for a 2:1 reward-to-risk ratio during news volatility.

Prediction Details

Ticker
AUDUSD

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.