libyanballa wrote:tried it with the morning american news (13:30 GMT american news...it shot up and hit my buy stop at 126.50 on the EURUSD and DROPPED like a rock.
can anyone tell me what im doing wrong?
ps: diemtrader, i cant open ur attached file...what program do i need to open it???
In this case there was little initial reaction to the news. Did you stick around for an hour and a half later? The 15:00 GMT candle is over 150 pips up! If you got stopped out then your mistake was either 1) Too tight a stop loss, or 2) You didn't re-enter at the following signals.