Today, GBP claimant count change.
prepare for the Tsunami
PS: hey Tony112, the usual plan?
prepare for the Tsunami
PS: hey Tony112, the usual plan?
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DislikedHey Tony, curious, are you still in that AUD unemployment rate trade? Did price reach your SL @ BE? {image}Ignored
DislikedToday, GBP claimant count change. prepare for the Tsunami PS: hey Tony112, the usual plan?Ignored
Disliked{image} -18. Question: Should I have moved SL to BE after that little burst up, or was it best to let the news actually come out before moving to BE? Thanks.Ignored
Disliked{quote} The price only went 10 pips above your entry before news. It means that you could have put your SL at -8 below your entry It's at your discretion, everything goes so fast. I let mine at -18 just like you.Ignored
Disliked{quote} Thanks Tony, I appreciate the helpful response. Edit: I agree, it was just out of curiosity to see how you do it my friend My rules are to always move to BE once its gone the same amount of pips in my direction as my set SL. How much of an SL are you using for the BOE report? 15 or 18?Ignored
Disliked{quote} I'm going for 18 pips again. The spread should be 20 pips... so we'll get an instant -10 by entering before... giving us a margin of 8 pips in the wrong direction. It should be fine.Ignored
Disliked{quote} The price only went 10 pips above your entry before news. It means that you could have put your SL at -8 below your entry It's at your discretion, everything goes so fast. I let mine at -18 just like you. EDIT: realize that the price went back to almost the original position of your entry, just at the time of news. This means the right thing to do was to keep your SL at -18. Whatever you do it's best to not lose more than 18 pips on majors news. Just move on. It's totally normal at 50% of the time.Ignored