HI traders,
Look at the chart I have attached . It’s Audusd and I found a selling opportunity but I didn’t trade because of unemployment claim .As you can see, The market is bearish and in a trend - we have a resistance and a convergence of 38% ret and res .
What would you do ?would you sell that?Why?
Thanks
Mate if you got a sell signal and it corresponds to you rules, go ahead and take it.
Trading is about winners and losers
Yeah , But I have made my rules recently and I need some advise.
My position is about yesterday which I have marked on my chart.There was a good opportunity according to my rules but we have unemployment claim news to release and that was exactly when I was going to take the position so I decided to avoid that.But What would you do ?Would you trade or wait for the news to be released?
I cant see on your chart anything cause all candles and lines are too small, but that is not the matter. I dont know how you trade and that does not matter too. You only a beginner, there will be other trades, tons of them. Dont worry. If you are in doubt dont take the trade, that is the Nr. 1 RULE. Or take it on demo. Take more of those on demo and you will get the answer.
If you ask me do I trade during the news, yes, sometimes I do. But I don’t recommend others who use my method. With time you will learn to tell the difference and accept responsibility. For now stay away if in doubt. Dont hurry to get all the answers in one day, but also dont hesitate to ask questions 
it is up to you to trade on how you feel comfortable. Does your rules say that you dont trade when news is pending? If your rules do say that, then did you really “miss” the trade? Missing a trade, win or lose, is when you did not follow your rules and place the order base on your criteria.
it was an opportunity but your gut told you not to, and its fine. there will be other trades, I would’ve taken the trade but that’s just me 
and its ok to let it go, don’t think about it too much, you might not have won this trade, but the good thing is you did not lose too. all the best.
Personally, I don’t listen to the news at all. I believe that the charts will tell you all you need to know because they reflect peoples actions/reactions…but if it worries you it is best to stay out. And I did go short on that trade, it still hasn’t moved much, so we’ll see if anything comes of it Good luck to you!
I wish I was coherent enough to give you a half decent answer, the way you have come up with the question deserves a damned good answer, so please remind me to give you one, or at least point you in the right direction.
I think you’re looking for ideas.
I would remove some indicators, if an Indy is not good enough to be used every time, it’s not good enough to be used ever. Breaks consistency.
Macd bullish, would wait for pullback.
Resistance, would short and use news as fuel for move or to fade a possible fake breakout.
Trendline, not close enough, wait.
Consider exits!!!
The trade looks valid but risky. Price didnt take out that last swing . It is retracing up but that should be coming to an end. However I personally would not have taken that trade just due to how late is was on a friday. Once markets open here shortly see what it looks like then I am also looking to take a short on this pair. That is if my internet connection will let me access my trading platform. Good luck
Thanks every body
