EURUSD Oct 22, 2020 - 4H review
Updated
Not legal and financial advice; any information provided here is only the personal opinion of the author.
Note
We are trading in such conditions when main hegemony in the world producing fake news and manipulating "free" markets with all official participants in this game of music chairs. We see that they are taking about blue wave not price in, everything fine, buy stonks, even if Biden apply high taxes it is cool, buy fragmented EU currency because FED will brrrrr in any case, free money 4 other CB's. I'm 2 old to believe in this BS. But, in any case if you fade this fake pump rally you must apply money management rules that fits your trading system. Cus, market will rise untill the last ram not in, this is the rule. Nobody know when this last ram will be in, so we trade probabilities every time against technical levels now days mainly. All whales algos trade around levels also. All alogos are made by humans. All whales use umbrella liquidity, that is why so hard to break levels today. Only sudden news switch off algorithms 4 a while, but when the dust settles they switch them back on. I hope it helps someone. Cheers.Note
Approach is everything... You can eat the whole poisonous snakes together with the poison, nothing will happen to you because the poison is a cardiotoxin, and passing through the gastric is a protein cocktail. Cheers!
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