The market is controlled by the algorithms owned and operated by central banks and other very big banks.
The algos trade against the retail traders position not the other way round. They consolidate the orders making small suggestive but false moves to act as traps for the bulls and the bears.
News is not new. The big banks already have an idea what the economic calender data to be released looks like. They can give algos a break at that point and watch where retail trader’s money is and the gun for it with extreme precision. If a whipsaw is all it takes they are greedy enough to do so. If they would make more money by deceiving lots of traders to go the other way before charging right back, they will. It’s fair game to them.
The big banks are more successful messing with traders on lower timeframes (Day traders are their primary targets)
The market isn’t designed for retail traders to make money.
