Guys - I don't think it will help to try to 2nd guess what Cable will do right now with UK CPI due out in 12 mins... could push it either way. Ditto comment for Euro pairs until ZEW comes out in 42 mins time. We shall see. Cheers, Loudoniii
POSTSCRIPT - Took +37 PIPs from Cable 1-2-3 trade ... still wasn't the right setup, but made money !
Really, there is no way I should have been in the market at all on Cable prior to big news, I just got myself stuck there due to a bad 1-2-3 setup earlier, and got lucky.
The truth ?!? "Trading" before news is a pure lottery, and could go either way...
Much better to enter well away from news time and just play the good S+R levels - that's where the real money is.
Cheers, Loudoniii
POSTSCRIPT - Took +37 PIPs from Cable 1-2-3 trade ... still wasn't the right setup, but made money !
Really, there is no way I should have been in the market at all on Cable prior to big news, I just got myself stuck there due to a bad 1-2-3 setup earlier, and got lucky.
The truth ?!? "Trading" before news is a pure lottery, and could go either way...
Much better to enter well away from news time and just play the good S+R levels - that's where the real money is.
Cheers, Loudoniii