Wednesday 5 December 2007

Trade the News Entry on USD ADP Employment Change

1.15pm USD Stronger than expected increase in ADP employment

Trade entry:
Time: 1.08 pm
Direction: Long
Price: 1.4725
Target: 80 pips above
Stop: 40 pips below
Exit: 1.4685 (-40 pips)

Comment: Perhaps I should have exited the position immediately since the news was not on my side. Technically strong setup, even Better system got it wrong too ! ;-)

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