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usdjpy with Nonfarm Payrolls (NFPs) on tap. Lets assume this position was originally aiming for a 300 pip profit target and is now just 40 pips from the target. Open position small profit This scenario involves an open position that is in profit, but stands a good chance of turning negative if the news event in question adversely affects the position. After saving your settings, you should now see the correct time displayed in the upper right hand corner of the screen.
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Everything from how to configure the Forex Factory calendar to how to use it when trading price action. By the end of this tutorial, you will know how to use the calendar as well as how to read it in a way that is beneficial to your trading. Just remember to stick to the daily and 4 hour time frames with the exception of the inside bar, which should only be traded on the daily time frame. It breaks down how to use the calendar in 5 simple steps and explains which news events produce the most volatility. The trader Trading style and risk tolerance come to mind.
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