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Sep 22

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Trading The News…..although we are not supposed to it right !

Well I just couldn’t take my eye off CADJPY today……massive consolidation with news due at 13:30 BST. So I had two orders on my screen ready to trigger one of them after the news was announced and a few secs had passed to shake out real big spikes. Of course there was other confirmations…..price sitting on the monthly pivot and other JPY pairs had sold off a little since Japan’s sell-off last week.

Anyway, nice 50pips – would have been more if I wasn’t out on my bike at the time when I was filled. Oh well, we must try to have a life too.

CADJPY News Trade

Jim G

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Permanent link to this article: http://intradayforextrading.co.uk/2010/09/22/trading-the-news-although-we-are-not-supposed-to-it-right/

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