Wow let me start by saying that there are a lot of announcements today. This could add lots of volatility to the market.
I have just traded my first 5 points of the day my entry was 165600.
Because it is before 07:00 , I am quite wary. However if I feel the trade is right I will go for fewer points. I chose the 165600 due to the support from earlier; also evaluating the histograms I was sure this would be a good short.
I placed an entry order with my online broker and within seconds it had been opened then filled. Great start to the day.
What can I say; using the same entry points as above I have taken another 5 points as GBP/USD again goes below 60 but not below 50.
Well here we go again. Using another strategy I have entered GBP/USD again. It is after 07:00 so this time I am looking for a larger amount of points, 20+.
My entry is 16545.8 and exit is 16523.3 a total of 22.5 points. It has hit the pivot and bounced back up so my exit strategy on this trade was spot on.
Well for the time being I am going to leave it as there are a number of announcements coming up, I have also traded 3 times already today and do not want to over trade. Chasing trades and over trading can be some people’s downfalls.
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