Market Mechanics Ep 30: Trading High Impact News — Transcript

Full transcript

1. 0:00Most traders do not lose on news days
2. 0:02because news is random. They lose
3. 0:05because they treat news like a casino.
4. 0:08That's it. They see the volatility, they
5. 0:10see the big candles, they see price
6. 0:12moving so fast and they think that that
7. 0:14means opportunity. But in reality, this
8. 0:17right here is not a clean trading
9. 0:20opportunity. It is a risk event.
10. 0:23Okay, so a lot of times when a high
11. 0:26impact news release, be it NFP or FOMC
12. 0:30or CPI, right? What tends to happen is
13. 0:33that price tends to either move up or
14. 0:35down by 100 pips. Like for example, in
15. 0:38this case.
16. 0:39Before the news comes out, price tends
17. 0:41to consolidate in a tight range just
18. 0:43like this where there's a lot of
19. 0:44uncertainty in the market as the market
20. 0:47prepares for the upcoming release of the
21. 0:50news itself, right? So, this is where
22. 0:51price tends to be a little bit choppy
23. 0:53right here.
24. 0:54And a lot of time, a lot of retail
25. 0:56traders, what they do is that they just
26. 0:58wait for the news to come out and then
27. 1:00when price starts going down, they
28. 1:01immediately start entering for a sell.
29. 1:03And then sometimes it work out. And if
30. 1:06it work out, good job for you. Sometimes
31. 1:08it doesn't work out, right? Price starts
32. 1:09going up. And sometimes what can even
33. 1:12happen is that price comes down and then
34. 1:14goes up straight away by 100 pips,
35. 1:16causing you to get stopped out, causing
36. 1:18you to get trapped in this
37. 1:20manipulation.
38. 1:21All right.
39. 1:23That's what tends to happen. When major
40. 1:25news drops, the spreads will widen,
41. 1:27liquidity will start disappearing, and
42. 1:29price can spike both ways. That's like
43. 1:31the danger of trading news. The market
44. 1:34might sweep both swipes, right? Might
45. 1:36sweep sell-side liquidity and buy-side
46. 1:38liquidity and then later on, then price
47. 1:41will actually move in a particular
48. 1:42direction. Which is why my best advice
49. 1:45for people who want to trade news is to
50. 1:47just don't trade news. All right, that's
51. 1:49it. Just don't. Okay, just don't. I've
52. 1:51learned that this the hard way. I've
53. 1:52lost so much money trying to trade news
54. 1:54in my first year of trading. And the
55. 1:56thing is, yes, you might make some money
56. 1:58here and there, right? But it's not
57. 2:00sustainable. And if you do make money
58. 2:03from trading news, it's a bad thing
59. 2:05because you pretty much just reinforce
60. 2:07the behavior of trading news. And then
61. 2:09you tend to repeat what you got rewarded
62. 2:11for in the past. So, you now you're
63. 2:13addicted to trading news. And next time
64. 2:16your luck runs out, market manipulation
65. 2:18takes place, and you lose a lot of
66. 2:20money.
67. 2:21But then now you get addicted to the
68. 2:22pain of losing money trading the news.
69. 2:24And then now you continue trading news.
70. 2:26And then next thing you know, you blow
71. 2:28your account. Right? So, please, for the
72. 2:30love of God, do not try to trade news
73. 2:33because it is honestly just a gamble.
74. 2:36Yes, there are certain strategies out
75. 2:37there like, "Oh my god, what if I just
76. 2:39place like a buy stop order right here
77. 2:41and then like a sell stop order right
78. 2:43here and then whatever direction price,
79. 2:45you know, go to, I'm I'm going to get
80. 2:47triggered into that trade." All of this
81. 2:49trade, but end of the day,
82. 2:51trading the news is just gamble. All
83. 2:53right. So, yeah, that's pretty much it.
84. 2:55Thank you for watching this. No, I'm
85. 2:56just kidding. But yeah,
86. 2:58I believe that your job as a trader is
87. 3:01to understand the news. Okay? Like you
88. 3:03still need to understand news because
89. 3:05news is why price move the way it move.
90. 3:08Technicals show you how price move. News
91. 3:11tells you why price move.
92. 3:14So, you don't need to be some macro
93. 3:15expert, you don't need to have a PhD in
94. 3:17economics, you don't need to memorize
95. 3:19every economic release.
96. 3:21You don't need to try to predict the
97. 3:23headline. Your job is simply to know
98. 3:26what the news are and where the
99. 3:29landmines are.
100. 3:30All right? So, it's like when the news
101. 3:32are occurring and then you can avoid
102. 3:34trading those times itself.
103. 3:38And once again, if you ignore
104. 3:39fundamentals, what tends to happen is
105. 3:41that you might get caught in a move that
106. 3:43makes no sense through the lens of a
107. 3:45setup alone. What I basically mean by
108. 3:47that is that technical wise, like right
109. 3:48now if we are looking at this price
110. 3:50action over here, price is obviously
111. 3:51bullish, right? Price is obviously
112. 3:53bullish because of the market shift over
113. 3:54here. Price is creating higher highs,
114. 3:56higher lows, and you might be tempted to
115. 3:58look for a long position somewhere
116. 3:59around here. Or you might have already
117. 4:01been in a long position somewhere around
118. 4:03here and you place a stop loss below
119. 4:04these lows right here. So, your
120. 4:06technical trade idea, your technical
121. 4:08analysis is telling you that price is
122. 4:09going to go up, right? What can possibly
123. 4:11go wrong, right? And then later on at
124. 4:14around 8:30 p.m. Singapore time,
125. 4:18non-farm payroll comes out and it
126. 4:20stopped you out just like this. You can
127. 4:22see the trend direction of the market
128. 4:23just reverse 180 just because of a news,
129. 4:30just because the fundamentals of GU has
130. 4:33changed.
131. 4:35So, if you were not aware of the news,
132. 4:37if you not you were you were not aware
133. 4:38that, you know, there's news at 8:30
134. 4:40p.m., then guess what?
135. 4:42You would have been stopped out and you
136. 4:44would have no idea why you got stopped
137. 4:45out.
138. 4:46So, it's important for you to understand
139. 4:48what this news is, right? Like what does
140. 4:50non-farm payroll means? All right, what
141. 4:52does CPI actually means? Understand
142. 4:55the definition of each one of these news
143. 4:57and how it affect price and then also
144. 4:59understand the time in which those news
145. 5:02tends to
146. 5:03appear, right? The date and time. And
147. 5:04then try to avoid those those periods
148. 5:07itself.
149. 5:08Which is what we're going to go through
150. 5:09in the next part itself.
151. 5:11Like I said, the goal of high impact
152. 5:13news is not to gamble on the release of
153. 5:16the news itself. It's to know when the
154. 5:19risk is getting elevated, when slippage
155. 5:21is increasing, when the liquidity is
156. 5:23getting lesser, how to protect your
157. 5:26capital and avoid getting trapped by the
158. 5:28volatility you were never prepared for
159. 5:30in the first place. Avoid getting
160. 5:32trapped in this market manipulation. So,
161. 5:34that should be your mindset when
162. 5:35approaching news. Right? So, in the next
163. 5:38section, in the next segment of this
164. 5:40video, I'm going to show you how to
165. 5:41handle all of that inside Edge Flow
166. 5:43using the economic calendar. So, you can
167. 5:45actually see the landmines before you
168. 5:47step on them.
169. 5:49All right? So, with that being said, let
170. 5:50me show you how to use the economic
171. 5:51calendar inside Edge Flow to filter what
172. 5:54matters,
173. 5:55plan around high impact releases, and
174. 5:57avoid treating news like a gambling
175. 5:59event. So, on Edge Flow you can find a
176. 6:01news and economic calendar feature here
177. 6:03just by clicking news. And this is where
178. 6:05you will be able to see all the news
179. 6:08that is coming up for the day, for
180. 6:10tomorrow, for next week, for next month,
181. 6:12this month, so on and so forth, right?
182. 6:14And this is literally all the news that
183. 6:15is available right now in the market.
184. 6:18And this is really like a daily landmine
185. 6:20map, right? This is where you want to
186. 6:22see, okay, when are the high impact news
187. 6:24coming up? And then this is where I
188. 6:25might want to trade around it. I might
189. 6:27want to avoid trading it completely.
190. 6:29Uh this is where you can scan for news
191. 6:32that is related to the currencies on
192. 6:34your watch list, right? You can just
193. 6:35filter it to like the currencies that's
194. 6:36on your watch list right here. You can
195. 6:38even filter it by impact level, right?
196. 6:40So, if you only want to see high impact
197. 6:41news, it will only show you high impact
198. 6:42news, uh so on and so forth. You can
199. 6:44even filter it by categories right here.
200. 6:47When you come in here, the first thing
201. 6:48you must do is to really just going to
202. 6:49filter it by like the currencies that
203. 6:51you want to be trading, right? The
204. 6:53currencies that you're already trading
205. 6:54on your watch list, right? So, whether
206. 6:56that's EUR/USD, GBP/JPY, whatever. So,
207. 6:59in this case, like say I'm trading
208. 7:01um EUR/USD and I'm trading GBP/USD, I'm
209. 7:04trading GBP/JPY as well, and I'm also
210. 7:06trading the Canadian dollar, right? This
211. 7:08is where I'll just select these currency
212. 7:10pairs so I only look at the high impact
213. 7:12news that is related to these currency
214. 7:14pairs, right? Anything outside of those
215. 7:16are just noise.
216. 7:17And then this is where, like I said, you
217. 7:19just want to focus on the high impact
218. 7:20news. All right? So, you can see this is
219. 7:23the time that is at right now. It's
220. 7:24around like 2:13 a.m. UTC right now. And
221. 7:28then the next news that is coming out is
222. 7:30the Japanese
223. 7:31yen news of the three-month bill
224. 7:33auction, but it's like a low impact
225. 7:34news, so it's kind of like irrelevant.
226. 7:37Yeah, but like this is where you can
227. 7:38kind of know, all right, cool.
228. 7:41This is where I'm at and these are the
229. 7:42news that is coming out next and these
230. 7:44are the news that has already passed.
231. 7:46Right? And I only want to focus on the
232. 7:48high impact news that is relevant to my
233. 7:50watch list. Right? So, maybe I can just
234. 7:52filter it out. And then this is where I
235. 7:53can just see, okay, at this time, at
236. 7:567:00 a.m. later on, retail sales is
237. 7:58going to come out for GBP.
238. 7:59At 1:30 p.m. later on, personal income
239. 8:04is going to come out for USD.
240. 8:07Right? Like I said, there's no point
241. 8:09reading every single low impact, medium
242. 8:12impact news on here. You just want to
243. 8:15focus on the high impact news.
244. 8:18And the cool part about Edge Flow is
245. 8:20that we also have a calendar view. And
246. 8:22once again, I I don't know why that
247. 8:23there's no other news provider that does
248. 8:25this, right? But I was like, "We need
249. 8:27this feature because this is something
250. 8:29that forex traders like to look at." Is
251. 8:31to just know exactly on the day that
252. 8:34they are trading which uh is there going
253. 8:36to be any high impact news, right? So,
254. 8:38at the first glance you can see, okay,
255. 8:40today is there high impact news. If
256. 8:42there's a red outline just like this,
257. 8:44that means there's a high impact news on
258. 8:45the day. If there isn't, that means
259. 8:47there's no high impact news. And then
260. 8:48based on this you can also find out,
261. 8:50okay, on this day itself, how many high
262. 8:52impact news are there and how many
263. 8:54medium impact news, how many low impact
264. 8:56news are there going to be happening on
265. 8:58the day itself, right? So, once again,
266. 9:00when you have this calendar view, this
267. 9:03allow you to see at a high level which
268. 9:05days are loaded with high impact news.
269. 9:08This helps you plan ahead and be extra
270. 9:10cautious. Like for example, if I see
271. 9:12tomorrow is going to be like a red
272. 9:13folder, then this is where I will know,
273. 9:15okay, tomorrow there's going to be high
274. 9:16impact news. Let me go and find out what
275. 9:18time are the high impact news coming
276. 9:20out. And then maybe I want to be trading
277. 9:22around those times itself.
278. 9:24Another example is if you are trading a
279. 9:26platform that doesn't allow you to hold
280. 9:28positions through certain news events,
281. 9:31this makes it obvious which days you
282. 9:33need to manage your risk title, which
283. 9:35days you need to close your positions
284. 9:37early before the news come out, uh which
285. 9:39days you could like just trade around
286. 9:41the news itself, right? So, this is a
287. 9:42very cool feature that we have, the
288. 9:44calendar view here.
289. 9:46Now, the thing about trading news is
290. 9:47that if you have any experience trading
291. 9:48news, you will know that news candles
292. 9:52are designed to spike both sides, right?
293. 9:54So, a lot of times when a high impact
294. 9:55news comes out, price goes up by 100
295. 9:57pips, and then later on price comes down
296. 9:59by another 100 pips because of market
297. 10:01manipulation. Which also means that if
298. 10:03you don't have a system that is
299. 10:05specifically tested for news, you
300. 10:08shouldn't be trading news at all. Right?
301. 10:10Because remember, we are not here to get
302. 10:11lucky. We're not here to gamble.
303. 10:13You are trading the news without
304. 10:15understanding the news that's going to
305. 10:16come out. It's like you trying to get a
306. 10:18lottery ticket and praying that you are
307. 10:20going to be winning the lottery. Okay?
308. 10:23We are here to get consistent. We're not
309. 10:25here to get lucky.
310. 10:27And here's a huge part when it comes to
311. 10:29discipline that we have inside Edge
312. 10:31Flow. Right? This news feature here,
313. 10:33what we can give you is the ability to
314. 10:36block trading
315. 10:38when there's a high impact news. So, if
316. 10:40you click on this button right here,
317. 10:42the block trading settings, this is
318. 10:44where you can turn on the toggle
319. 10:46on
320. 10:47the ability to block trading for high
321. 10:49impact news in your watch list. Right?
322. 10:52So, it's pretty much just going to be
323. 10:53scanning the currency pairs that you
324. 10:54have on watch list, and it's going to be
325. 10:56blocking trading
326. 10:58when there's a high impact news that is
327. 11:00related onto the currency pairs on your
328. 11:02watch list if you turn this on.
329. 11:04Okay? So, once again, this means at any
330. 11:06point of time, if there's a red news
331. 11:07event that affects the currency pairs
332. 11:09that you're going to be trading, Edge
333. 11:11Flow will literally stop you from
334. 11:14entering trades during that window.
335. 11:17And this is where you can set a block
336. 11:18window.
337. 11:20The default state is probably like 15
338. 11:21minutes, right? But you can set it to 5
339. 11:24minutes, 10 minutes, 30 minutes, 60
340. 11:26minutes.
341. 11:27And then you can also set the block
342. 11:28behavior, right? Whether you want it to
343. 11:31block trading before the high impact
344. 11:32news or after the high impact news, or
345. 11:35block trading before and after the high
346. 11:38impact news.
347. 11:39Once again, completely up to you, right?
348. 11:41I would recommend you to at least put it
349. 11:44at 15 minutes before and after high
350. 11:46impact news.
351. 11:47Okay? And then once done, you can just
352. 11:49hit save.
353. 11:50When you do this, what happens is that
354. 11:52it prevent you from getting wiped out,
355. 11:54right? It prevent you from, you know,
356. 11:56getting trapped in unpredictable move in
357. 11:58the market. It prevent you from getting
358. 12:01into the
359. 12:03insane volatility that tends to happen
360. 12:05when a high impact news come out. Which
361. 12:07means that you don't enter right before
362. 12:09the spread start widening and liquidity
363. 12:11start disappearing. You don't get wicked
364. 12:14out from slippage and random volatility,
365. 12:17and it won't rage click a revenge trade
366. 12:19after you get taken into the trade
367. 12:21itself.
368. 12:22The key point here is this
369. 12:24ability to block trading before and
370. 12:27after high impact news, it's simply a
371. 12:29mechanism for Edge Flow to protect you
372. 12:31from impulse. Protect you from getting
373. 12:34trapped in move that you shouldn't be
374. 12:35part of.
375. 12:37Once again, it's not trying to make you
376. 12:38trade more. It's trying to keep you
377. 12:39alive and disciplined so your edge can
378. 12:42actually play out.
379. 12:45All right. So, now let's talk about how
380. 12:47to actually trade news. Okay? Because
381. 12:48there are simply just three ways that
382. 12:51you can trade news. There's only three
383. 12:53options. And for majority of the traders
384. 12:55watching this, I would advise you to
385. 12:57stick to option A, which is avoid it
386. 12:59completely.
387. 13:01Right? Doesn't matter whether you are
388. 13:02beginner, intermediate, or advanced
389. 13:04trader,
390. 13:06it's always some sort of gamble if you
391. 13:08trade the news. Because what happens is
392. 13:10that the news can come out saying that,
393. 13:12okay, it's a good news, right? And good
394. 13:13news means US dollar is probably going
395. 13:15to go up.
396. 13:16But then,
397. 13:18it can still go down because of market
398. 13:20manipulation.
399. 13:21Right? That is where you hear the the
400. 13:23the quote, which is quite renowned Wall
401. 13:25Street, which says, "Buy the rumor, sell
402. 13:28the news."
403. 13:29Right?
404. 13:30Buy the rumor, sell the news. Okay? It's
405. 13:32the exact same thing right here because
406. 13:35a lot of times the news has already been
407. 13:37factored in, right? Which means you tend
408. 13:38to see the move happen before the actual
409. 13:40news come out, right? So, even though US
410. 13:42dollar is good,
411. 13:43but when the news comes out,
412. 13:46US dollar actually start dumping.
413. 13:49So, lots of market manipulation right
414. 13:51here. So, for majority of the traders
415. 13:53out there, I'll just highly recommend
416. 13:54you to just avoid it completely, which
417. 13:56means you don't open new positions
418. 13:59during that window where the news is
419. 14:00coming out, like 15 minutes before and
420. 14:02after news.
421. 14:03And then after the news came out, you
422. 14:05want to wait for the volatility to
423. 14:06settle, maybe 30 minutes to 60 minutes
424. 14:08after the high impact news comes out.
425. 14:10Once the structure start becoming much
426. 14:12more clearer, this is where you can
427. 14:13continue trading.
428. 14:15Okay? So, option A,
429. 14:17perfect, the best option for majority of
430. 14:18the traders out there.
431. 14:20Now, option B,
432. 14:21only trade if already in position. All
433. 14:24right. So, let's say you enter a trade,
434. 14:27you know, you enter for a buy on EUR/USD
435. 14:302 hours before high impact news comes
436. 14:31out.
437. 14:32And during a like during the high impact
438. 14:34news coming out, price haven't hit your
439. 14:36TP, price haven't hit your stop loss
440. 14:37yet, so you have no choice but to
441. 14:39actually hold the position past the
442. 14:41news.
443. 14:42If that's the case, what should you be
444. 14:43doing? Well, you could reduce risk,
445. 14:46right? Maybe you want to close a portion
446. 14:48of the position before the news actually
447. 14:50comes out.
448. 14:52Or maybe you want to move your stop loss
449. 14:53to break even. Right? Once again, if
450. 14:55rules allow you to do so, if the price
451. 14:57action allows you to do so.
452. 14:59And you just want to make sure that you
453. 15:00don't widen stops emotionally, right?
454. 15:03The last thing you should be doing is
455. 15:04before a high impact news comes out, you
456. 15:06start like widening your stop loss
457. 15:08because you don't know which direction
458. 15:10price is going to go.
459. 15:12Right? So, if you're not already in the
460. 15:14position, highly recommend you to stick
461. 15:16to option A, like I said, just avoid the
462. 15:19high impact news release completely and
463. 15:20just trade after it.
464. 15:22And then next, we got option C. Okay?
465. 15:24Option C is to trade post news only.
466. 15:28If you are more of an advanced trader,
467. 15:31more of an intermediate trader with some
468. 15:32experience under the belt, you know,
469. 15:34you've been trading the news, you have
470. 15:35been exposed to the volatility of the
471. 15:38high impact news for a few years, for a
472. 15:40few months, you kind of understand like
473. 15:42what the price action will be like after
474. 15:44a high impact news release, then this is
475. 15:46where you can consider option C, which
476. 15:48is trade after the high impact news
477. 15:50release.
478. 15:52Trade the price action after the high
479. 15:55impact news release. Because what tends
480. 15:57to happen is that when the high impact
481. 15:58news gets released, this is where you
482. 16:00get all of this unpredictable move,
483. 16:02right? Price goes up, down very
484. 16:04dangerously.
485. 16:06But after the high impact news comes
486. 16:07out, this is where
487. 16:09the market starts coming down. The
488. 16:11market starts to update itself based on
489. 16:14the new information that was presented
490. 16:15during the high impact news. All right.
491. 16:17This is where the market start becoming
492. 16:18more rational.
493. 16:20So, what you want to do when you're
494. 16:21choosing option C is to let the spike
495. 16:23happen, right? Let the news event, you
496. 16:25know, comes out and become incredibly
497. 16:27crazy. Let all the noise fade away,
498. 16:30right?
499. 16:31And then you want to wait for some form
500. 16:34of liquidity sweep, some form of
501. 16:36structure reclaiming itself, some form
502. 16:38of structure shift,
503. 16:40or even like price returning to a point
504. 16:41of interest that you want to be entering
505. 16:43the trade on.
506. 16:44And then you can just execute your
507. 16:45normal plan from there.
508. 16:47Yeah. This is where you can just
509. 16:48continue doing your technical analysis
510. 16:50process, you know, map out your charts,
511. 16:52determine where is the the best price
512. 16:53point that you want to enter the trade
513. 16:55on. Uh this is where you can just do
514. 16:56your technicals, you know, like this is
515. 16:58where it's safe to do that because the
516. 17:00market has already taken into account
517. 17:02the new information.
518. 17:04So, those are the three options. Like I
519. 17:06said, for majority of the traders out
520. 17:07there,
521. 17:08I would just recommend option A. Like
522. 17:10it's just not worth it, right? It's just
523. 17:12not worth to like, you know, gamble here
524. 17:14and there because your goal here is to
525. 17:16last
526. 17:17in the game long enough so you can
527. 17:19actually win consistently. Your goal
528. 17:21here is not to hit like one lucky
529. 17:23jackpot and just stop trading for the
530. 17:25rest of your your life. No, it's to just
531. 17:27make sure that you are consistent. Just
532. 17:29make sure that you focus on survival
533. 17:31rather than, you know, these big wins,
534. 17:33you know, these boom and bust cycle
535. 17:35where you make a lot of money, you lose
536. 17:36a lot of money, you make a lot of money,
537. 17:37you lose a lot of money, which is quite
538. 17:39simply just not uns- it's just
539. 17:41unsustainable.
540. 17:44Now, here's what not to do, right? So,
541. 17:45here's a little quick checklist right
542. 17:47here.
543. 17:48You shouldn't be placing a random market
544. 17:49order because it feels bullish.
545. 17:51You shouldn't be sizing up it to make it
546. 17:53worth it. You shouldn't move your stop
547. 17:55loss wider because the spread is crazy.
548. 17:57And most importantly, you shouldn't
549. 17:58revenge trade if you get wicked out.
550. 18:02Okay? The last thing you want to do is
551. 18:05you are in a position before the high
552. 18:06impact news release, you get stopped out
553. 18:08because of the high impact news release,
554. 18:10and you start getting angry at the
555. 18:11market. Now, you you start revenge
556. 18:14trading. Now, you start trying to make
557. 18:15back the money that you've lost. Now,
558. 18:17you start trying to get back at the
559. 18:18market.
560. 18:19It's not worth it, trust me. Been there,
561. 18:21done that.
562. 18:23Yeah, remember, you want to trade the
563. 18:25reaction, not the headline. Okay? Like
564. 18:27if you're trading news, you want to
565. 18:29trade the market's reaction to the news,
566. 18:32not the news itself. Like I said
567. 18:34earlier, the news can be good, but the
568. 18:36currency that is related to the news can
569. 18:38still start dumping because the market's
570. 18:41reaction is all that matters. The
571. 18:43market's reaction is what drive
572. 18:45the price action of the market. It's the
573. 18:47sentiment that actually drive price.
574. 18:50It's not really like the fundamentals
575. 18:51itself.
576. 18:53Professionals don't need to trade every
577. 18:54day, right? Remember that.
578. 18:57They don't wake up thinking, "How can I
579. 18:58force a trade today?"
580. 19:00They wake up thinking, "How do I protect
581. 19:02capital and wait for clean market
582. 19:04conditions?" Because like I said
583. 19:06earlier, this game is not about
584. 19:08thriving. Before you can think about
585. 19:10thriving, you need to think about how to
586. 19:11survive.
587. 19:13Longevity is the name of the game.
588. 19:16And high impact news is one of the
589. 19:18fastest ways to donate money if you
590. 19:20treat it like entertainment. If you
591. 19:22treat it like gambling. If you treat it
592. 19:23like a casino.
593. 19:25And that is why in Edge Flow, we have
594. 19:26you remove temptation by baking our
595. 19:28rules into the trading system so you are
596. 19:30not relying on willpower when volatility
597. 19:34spikes, right? That is what like this
598. 19:36block trading function is for, right? Is
599. 19:38to make sure that
600. 19:39we prevent you from making stupid
601. 19:41decisions. We prevent you from getting
602. 19:44trapped in unfavorable market
603. 19:46conditions.
604. 19:48Last but not least, just remember that
605. 19:50news isn't your edge. Your rules are.
606. 19:53Use the economic calendar here to avoid
607. 19:55the landmines. Let the volatility pass.
608. 19:58Let the noise pass and then execute when
609. 20:00conditions are normal again.