Quite amazing, frankly. Less than 2 hours and we're now up to +842 and counting...
Another +100 pips in less than 2 hours
June 4, 2009
Quite amazing, frankly. Less than 2 hours and we're now up to +842 and counting...
Quite amazing, frankly. Less than 2 hours and we're now up to +842 and counting...
Interest rate statements
June 4, 2009 – Interest rate announcements
Today, there were 3 interest rate announcements: GPB, EUR and CAD. I will never understand the whole news trading thing as today was quite messy although the three interest rates were (1) anticipated to stay the same and (2) in effect, did stay the same, respectively at 0.50%, 1.00% and 0.25%. So why all this movement?
And tomorrow is the NFP, as usual on all the 1st Fridays of every month, and that one is always messy as well. Actually, all the news which are in “red” (in the Forex Factory calendar for example) are messy, followed by interest rate statement (double messy) and finally the NFP (triple messy). So I’ll be turning off my bots in my real account before going to bed tonight.
Our account did well in spite of the news and apart from a GBPAUD trade hitting its stop loss, the open trades are currently at +724 at 17:30, as you can see below:
Today, there were 3 interest rate announcements: GPB, EUR and CAD. I will never understand the whole news trading thing as today was quite messy although the three interest rates were (1) anticipated to stay the same and (2) in effect, did stay the same, respectively at 0.50%, 1.00% and 0.25%. So why all this movement?
And tomorrow is the NFP, as usual on all the 1st Fridays of every month, and that one is always messy as well. Actually, all the news which are in “red” (in the Forex Factory calendar for example) are messy, followed by interest rate statement (double messy) and finally the NFP (triple messy). So I’ll be turning off my bots in my real account before going to bed tonight.
Our account did well in spite of the news and apart from a GBPAUD trade hitting its stop loss, the open trades are currently at +724 at 17:30, as you can see below:
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