Nice thread, Turv. Got an idea for you though. I am assuming you are waiting for the Triple cross, White, Blue and Yellow. Here is my thought. Place 2 trades at 1/2 value of what you are trading. For example: You get a cross and you want to trade .06 micros. Well, place 2 trades at .03 micros and make 1 a TP pf 50 pips. When this is hit move stop to B/E on the other trade and when moves far enough just keep the stop behind the blue MA + the spread. Just a thought.
U said it is bad news for US thus dollar shld be sold and pound shld be up?? Means Long??
If new is bad it suppose to provoke risk Adverse thus people will go into dollar for safe haven.... which is down unless people belive it is a sign of recovery then the dollar wil go down and pound will go up... Just to clear the picture.