Well I lost 10 pips on this one. The GBP/USD started to drop then moved back up. I think there were entry orders to buy at the 1.8800 level and this is what caused the market to move back up. What you guys think and how did you do?
- #2
- Sep 6, 2006 9:13am Sep 6, 2006 9:13am
- Joined Mar 2004 | Status: Magic Man | 3,220 Posts
Relax and be happy.
- #9
- Last Post: Sep 6, 2006 10:41am Sep 6, 2006 10:41am
- Joined Jul 2006 | Status: Trader | 2,924 Posts
This comes late but I checked historic charts and noticed ISM Non Manufacturing does not produce enough volatility to be worthy of trade. So I stood aside.
If I traded, I would have placed a straddle pair 5 pips away... If I am fast enough, I could made perhaps 2-3 pips profit on the down side and may have closed the long order. But if I was slow enough, I would have ended with 10 pips loss...
Looking back, its better I did not trade this news... its far too dangerous.
To those who made money with this news, thumbs up!
For those who did not, prepare for AUD employment later!
If I traded, I would have placed a straddle pair 5 pips away... If I am fast enough, I could made perhaps 2-3 pips profit on the down side and may have closed the long order. But if I was slow enough, I would have ended with 10 pips loss...
Looking back, its better I did not trade this news... its far too dangerous.
To those who made money with this news, thumbs up!
For those who did not, prepare for AUD employment later!