I took a trade today, based upon a news release in the UK and it didnt go well for me. As you can see in the charts the trend was clearly down with strong momentum but I went long because the news came out in favor of the GBP. I watched as price continued down to stop me out. Overall loss for today: 18.90
Lesson learned: Dont trade off the news release, go with sentiment.
Lesson learned: Dont trade off the news release, go with sentiment.