ASCTrend system - page 45
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Gbpusd:
[attach]55682[/attach]
Usdchf:
[attach]55683[/attach]
I want to say something about today's movement of EURUSD according to our elite sectionb M5 ascrend system understanding.
It is trading chart (M5):
It is M5 info chart:
And it is D1 informational chart. EURUSD as well.
So, let's see the situation concerning those signals (see previous post).
Do you think that this first signal was good one:
Bit according to our M5 info template the price was already on 2nd profit level. We know that 2nd profit level is good for exit during the tread established. So, it was necessay to exit so can we enter? Not.
Second signal:
It was near the first profit level. So we could enter there:
More than 40 pips in profit.
And let's explain this movement:
It was no signals, just nothing, but price was moved ...
It was high impacted news event:
What to do with the news events?
Many people (most of the traders) including me - are not trading during the high impacted news events. Simple not tradingL closing the orders, not openning the orders and just stopping.
How to know such a cases?
I am using this indicator from this post https://www.mql5.com/en/forum
With the following settings:
If you are having any question concerning this news indicator or other news events subject, or need help with settings etc - ask in this thread https://www.mql5.com/en/forum/175898
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Thus, most of the traders are just stopping during the high impacted news event if they are trading manually. Not because they are not professional. Because it is very very dangerous. More dangerous than martingale.
Other pairs (GBPUSD, USDJPY and USDCHF) did not have any good confirmed signals to enter (we are talking about M5 astrend system from the first post of this thread).