Hi there
This is Crazy Cat, with the review of the week.
This week, we were watching 5 economic indicators. 1 of them hit the triggers that I sent to you. Let's review...
1. Thursday, March 25th (05:30 New York time) UK
I said if UK Retail Sales m/m comes out at 1.2 or higher, GBP/USD would probably go up by 40 pips or more in the first 45 minutes of the report.
It actually came out at 2.1 and GBP/USD moved up by 60 pips. It was a very quick move up and probably only people using autoclick software were able to take advantage of it. Sadly, it was very hard to apply any afterspike strategy. Since I trade with autoclick software and was lucky enough to have bunch of fills this time, I made a lot of pips but I know it is not true for everyone.
If you managed to grab a few pips after the spike - congratulations and good job because it was very hard to do.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
That was the only report that deviated nicely. UK CPI also spiked nicely with only -0.1 deviation but I still don't feel like I want to be so aggressive. German reports did not work so I will not pay attention to them for a while.
Anyway, have a good Sunday!
--Crazy Cat
This is Crazy Cat, with the review of the week.
This week, we were watching 5 economic indicators. 1 of them hit the triggers that I sent to you. Let's review...
1. Thursday, March 25th (05:30 New York time) UK
I said if UK Retail Sales m/m comes out at 1.2 or higher, GBP/USD would probably go up by 40 pips or more in the first 45 minutes of the report.
It actually came out at 2.1 and GBP/USD moved up by 60 pips. It was a very quick move up and probably only people using autoclick software were able to take advantage of it. Sadly, it was very hard to apply any afterspike strategy. Since I trade with autoclick software and was lucky enough to have bunch of fills this time, I made a lot of pips but I know it is not true for everyone.
If you managed to grab a few pips after the spike - congratulations and good job because it was very hard to do.
Please see for yourself what happened on this chart:
Forex news trading currency exchange charts
That was the only report that deviated nicely. UK CPI also spiked nicely with only -0.1 deviation but I still don't feel like I want to be so aggressive. German reports did not work so I will not pay attention to them for a while.
Anyway, have a good Sunday!
--Crazy Cat
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