Macroeconomics, News Events & CoT Data - Smart Money/ICT Concepts Course (Episode #30)
Episode 30 of 34.
Covering Several Topics This Lesson Takes A Deep Dive Into The Macroeconomics & Real Life Events That Drive And Fuel The Markets (And Thereby Our Biases). Understand Where Smart Money Are Trading Using The CoT Data & Use It To Supplement/Confirm Your Bias!
Theory & Technicals - A Balance Is Required.
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Пікірлер: 5
Thank You for such high quality content !
How do you deal with a trade when important economic data is coming up? are you closing the trade? Or stopp loss to break even? In the last news, I pulled my stop loss to break even, but I was thrown out of the market clearly in the red.
@10PercentEnt
Жыл бұрын
That is called Slippage - when price can fly past the SL you’ve set. If there is a big economic news driver I’d probably be out well before it occurs, if it’s a smaller news event and I’m positioned safely beforehand then I may hold (I always take some sort of partial profit and bring SL to BE) OR I’ll just let the news pass and look for positions after. It’s very subjective, dependent on my read on price and what the economic driver is.
Your value out weights your subs! 🏦👏🏾
@10PercentEnt
Жыл бұрын
I appreciate that, hopefully the subs will catch up soon enough haha🙏🏼