Friday 18 January 2008

Trade the News Entry on GBP Retail Sales

9.30 am GBP Worse than expected retail sales

Trade entry:
Time: 8.00 am
Direction: short
Technical Triggers: on both short- and long-term signal algorithms
Price: 1.9694
Target: 70 pips below
Stop: 40 pips above
Exit: 1.9617 (+77 pips)

I picked the setup this morning and it turned out to be a decent winner after the news event.

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