We have seen massive volatile market conditions after the release U.S retail sales data yesterday But It did not matter a lot to me because I hardly watch any news and watch charts and behavior of strong money and When you look for such strong moves it hardly had carry through and Eur/usd reversal off from supply area ends the day with giving away half the gains.
In order to look for massive opportunities in such big moves day one should be ready to look out for entries that suits you trading style otherwise there is no reason You should try to enter without any knowledge and stops get hit so many times after you enter.
Take a look at the nzd/jpy chart
Trader's assumptions don't pay and this is the truth of trading as You should be ready to step in when such strong movement days don't push the price of certain pairs and price end up with false breakouts as traders who left behind try to force the price higher but where strong money is eyeing to sell and get a better price, they will do it with ease and that is what "liquidation" is all about.
I would update the chart if I am stopped out after any exhaustion bar or any reversals as we should be ready if market finds demands again and price look to get momentum .
