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    Thread: If you enter a trade with a good setup and news come up what do you do?

    1. #261
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      If we're already open position with a great, meaning etup existing sl that will protect your account from mc,
      so if your news, we don't have to worry, and if our position opposite to the direction of news,
      sl is the worst possible we will be touched, we might not be having a mc.

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      setting a stop loss for the trade. in trading it just test your money management. sometimes when you get your chart already and enter already only have a news come out then you have to prepared yourself. it just need you to well manage your money then you should not having problem.

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      this is a good situition. but for me i think i will just cut my losses. because i am not professional enough to do analysis for the future. i trade with short term. and i believe the time that the pair to grow back i can earn back all my loss. i do not have so huge capital to wait the pair to come back to my trade point.

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      Quote Originally Posted by Baguwah View Post
      If you enter a trade with a good setup and news come up what do you do?

      The following situation happened to me on a live account and I lost some money. What would you have done;

      You have analyzed your charts, seen a good trade setup and you enter a trade. While the trade is on you realise that there is High impact news event coming up. The trade is in negative but not close to stop loss and news is minutes away. What will you do? How will you react to this event?
      I just clear the stop loss point, and the let the deal to float in any direction. But, i won't clear my take profit. This is what we called as patience. Yes, if we patiently wait for the deal to hit tp, then we will achieve the profit. Don't decide while panic.

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      First thing that i will do is to read this news and know from it how it will affect on my opened order as it may make my profit from the opened trade came easier.


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      You say you have entered the market and see this news and analysis it has reached with the passage of time things change in this case you lose the money you have to change the deal or wait for some time to change the direction of the market liters but be ban

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      Quote Originally Posted by moleh999 View Post
      If we're already open position with a great, meaning etup existing sl that will protect your account from mc,
      so if your news, we don't have to worry, and if our position opposite to the direction of news,
      sl is the worst possible we will be touched, we might not be having a mc.
      stop loss is the one that help most of trader from getting margin call. it really helpful to use in every transaction we make in the market. it give us peace of mind.

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      Quote Originally Posted by Shady Moustafa View Post
      First thing that i will do is to read this news and know from it how it will affect on my opened order as it may make my profit from the opened trade came easier.
      you are right , it is better to see if these news will affect the trade in good or bad way , if they will affect the trade in a good way and the profits will be increased so the trader will make profits , and if the news will come against your trade try to set stop loss

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      Quote Originally Posted by moleh999 View Post
      If we're already open position with a great, meaning etup existing sl that will protect your account from mc,
      so if your news, we don't have to worry, and if our position opposite to the direction of news,
      sl is the worst possible we will be touched, we might not be having a mc.
      yes very true, but whose names sl often even if I hardly ever plug it possible that I always mc cause of a large floating and without good management

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      Quote Originally Posted by gallantyukie View Post
      If the News come because I forgot to check it then I will Just tighten up my Stop Loss..
      or move my Stop Loss to the Nearest area of the Price.. Don't panic, because it won't
      cause you die.. lol..
      At times we need to live and fight another day, if worse comes to worse and the news is about to be released, furthermore you don't know the likely impact, its better to close off the position with the little profit or loss, this is better than increasing the stoploss which means an increase in risk.
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