I was trading today, not very seriously only to learn. I was trading live but with micro lots. Anyhow, i went short on a trade with the cable today, and i planned to close it at 14:45 GMT DST right before the red news. However, at that particular candle (the last one before the news), the spread widened to a whopping 14 pips. What the fuck? I wasn't even gonna trade the damn news, that's the reason i closed out 15 mins early.
Should i close earlier or sooner, or what? I didn't see if the spread widened at the close of the second candle before the news, or at opening of the first before the news.
Should i close earlier or sooner, or what? I didn't see if the spread widened at the close of the second candle before the news, or at opening of the first before the news.