QUOTE(nebula87 @ Feb 20 2019, 09:30 AM)
Hi fellow traders, recently I have an issue troubling me once in awhile.
I got all my techniques right but always got ruined by some breaking news and made the market moves opposite way.
How do you guys cater this?
1. Keep your eyes on the economic calendar. Red news, orange news, etc.
2. News being news, by nature, it is unpredictable. It can also make the market move very much in your direction. So, blow open your TP & tighten your SL.
Always bear in mind that although your TA is correct, FA can ruin things for you. The market is fluid. Sentiments can change.
What i really like to do is, to push my SL to BE + whatever little profit i have, & place the TP further. You will never know
If it comes back on you, your equity is protected. Or maybe you lose a few pips.
But if it goes further in your predicted direction, good on ya! You just had a windfall.