The markets are an ever-changing depiction of a country's strength against another. As the strength of a currency rises and falls, some traders will prosper while others will lose their profits previously gained. While these changes will at times be unfavorable for a country, they can also be unfavorable for a trader. Depending on your trading style, what is “unfavorable” will change. This is one reason Apiary Fund teaches a variety of styles: so that when it's unfavorable for your trading, you can try a different setup and hope to make profits from that.
If you're a long-term trader, where day to years are spent on trades, upcoming turbulence between your countries is your unrest. These can be troublesome to spot at times seeing as if you’re placing a buy now to close out in 4 months, the news in 2 and a half months is unbeknownst to you at the time. What can be looked at though to find unfavorable conditions in current trades, often the easiest time to spot is the smaller events leading up to the larger ones. ADP Non-farm numbers, for example, are released periodically through the month and all lead to the BLS Non-Farm numbers. Other news events like the quarterly FOMC projections give idea to the next few year’s FOMC interest rate announcement. There are many things to look for in long-term trading.
If you are more of a day trader, unfavorable conditions can present themselves in days with little to no news scheduled. The markets will still move, just without the vigor of throwing in news events. Also during day trading, more consolidating, or even rectangle forming markets can put a damper on your day. When there's no movement, or small movement falling within a set rectangular space, it becomes near impossible to place a trade that you can walk away from for a bit and come back to it being in your favor enough to justify keeping it.
For more of the scalper in the trading field, the more specific your setup will define your unfavorable markets. If you're one who likes to trade the volatility and capture a plethora of large moves, times coming up that have a lack of news or when neither of the markets of which are trading are open are typically very lackluster in their trading. For scalpers more focuses on breakouts and those rapid movements off of a norm, news events and market opens are not favorable. You will want to be attentive to before markets open as there is typically a calm before the storm, the same thing that can be seen before a big news event usually.
There are many unfavorable conditions in the market. If it was always how traders wanted it to be, trading wouldn’t be looked at as a difficult field to make profits in. When you come up on these market conditions, you have three options. First, you can step back and not trade. This can save you from the loss and heartache but also doesn’t give you an opportunity to try and make profits. Second, you can go forth and trade anyway. This way, you attempt and hopefully succeed in making some profits. Third, you can change your strategy. What may be unfavorable for your SMA setup may excel will a MACD setup. This is one reason you see Apiary Fund teaching such a wide range of strategies. When one is not working, you have more to fallback on. Trading isn’t a one and done deal with strategies. You have to adapt to the conditions as they come.