ACTION: USD/CAD BUY 66.0 SELL 60.0
The Trade Plan contradicts the action above....
We'll look to BUY USDCAD if we get 60.0 or less, and we'll look to SELL USDCAD if we get 66.0 or better.
Which is it ....BUY 66.0 or better and SELL 60.0 or less?
Followed the trade plan. Went in after the retracement. had stop 30pips away, and after about an hour the PA dropped and I got stopped out. Perhaps stop was too tight. Anycase a losing trade for me.
Hi Sam
Still having a blindspot working out the deviation.
The Actual Release was -0.5. If you apply the formula do you get (-0.5 -0.3) = -0.8%...is this a BUY? or a SELL?
Is it Sell at -0.6%?
Hi Henry
Thanks for trade info. Question:
Is it "tradable deviation or surprise factor for UK Retail Sales is 0.5% to BUY and - 0.6% to SELL?"
Perhaps just not quick enough. I had 1 sec to decide to follow spike down and by the time i entered it had spiked down 30pips and then slowly moved up and subsequently I got stopped out. Just timing problem then.
Hi Henry
Was it 30K or 55K as trigger to SELL?
A little confusing as when I saw 35K took this to be OK for a SELL.
Got it wrong because I got stopped out (loss).
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