BOC Interest Rate Statement

How did everyone do on this one? I did not trade.

- 10 pips. It trigger my entry order to long the trade but then it fell more than 30 pips

You entered your straddle way too early.

My 5 pip straddle distance, placed 10 seconds before the news, did not trigger for 30 or more seconds and I removed then. 3 minutes later, the pair started slowly moving 40 pips southwards.

Darn.. 2nd time a delayed reaction to the news for the day.

I hate these delayed reactions.

was staraddle +10 -10 , then after i see the result was the same Rate 4.25%

So i said HMM nothing 'll move.... Removed my staddle then the Forex Machine Starts

I straddled the pair with 8 pip spreads. 3 lots. Waited. It moved down and filled my sell order. I immediately closed 2 lots at 10 pips profit $$, I am still open with the last lot at +30 pips locked in.

These are difficult to trade when they do as expected. NO RATE HIKE. But I was only risking 10 pips at the worst so I waited and it paid off.

DC

Today we have again BOC statement realease, let's see what will happen today, but it seems it will come out with U.S news TIC report at the same time.
Any thought abou this.

The consensus is that rates will be left unchanged. Therefore this will probably be an non-announcement as TIC data is released at the same time.