Quote from: pajak666 on January 17, 2020, 04:11:31 PM

Quote from: makenoise on September 20, 2018, 02:54:03 AM

It is easy to get stucked in this trap when you read a particular economic news and tell yourself that it seems likely to make the market go in a certain direction. Once you convinced yourself that what you expect to happen is basically you digging for your account. In the early years of trading, many traders were stuck in the trap of trading in news and focused too much on fundamental analysis.
Trying to find out what the market is going to act next after the major economic reports are published appears to be obvious and useful to a trader at the time. However, you may be surprised to learn that the trader focuses too much on news that is losing money as prices tend to move in the opposite direction from what the news reflects.

Not only it is the news following problem, but same mindset leads to 'predicting market' which is unpredictable unfortunately. People construct their trades based on wrong assumptions. The amount of variables is way too big for anyone to comprehend and make educated guesses based on few random indicators that look good crossing each other on the chart. You need to be following price action and reacting to it, not trying to be a fairy.

actually it would be better if you followed the price action, but unfortunately I personally still take place if there is good news. although like manipulation but I can benefit in there. it might be wrong because I go with the trend, and don't understand deeply about price action.