Wowee.....a 58 pip 5 min candle right off the LO.....what was in The Brits tea this morning.....http://cdn.forexfactory.com/images/icons/icon11.gif
I was still holding my long when price spiked down to the MS1 triggering my resting buy order, so I rode that high volume ultra wide candle and started exiting around the 275 level.
With this whip-sawing action around so many important levels I've popped a patience pill and will wait for things to settle down......this chop may be a reaction to yesterdays budget speach and todays impending BOE statement.....either way any more trades will be on reduced size....
I was still holding my long when price spiked down to the MS1 triggering my resting buy order, so I rode that high volume ultra wide candle and started exiting around the 275 level.
With this whip-sawing action around so many important levels I've popped a patience pill and will wait for things to settle down......this chop may be a reaction to yesterdays budget speach and todays impending BOE statement.....either way any more trades will be on reduced size....
Trading Levels with WRBs