Demo Trade Results
Hi Henry,
Have signed up for 10Kto1MM and Mastemind Mentor
And have just made my first demo trade to your insight on this announcement.
I acted upon your pre news consideration which stated to SELL if lower than 1.57000.
By the time I had finished mulling over this tidbit of info i checked my demo (FxOpen) chart and the trigger had already been pulled and jumped on slightly after at 1.56565 or 44 pips in profit for those who had pending order set at suggested mark.
5-10 minutes pre release saw the price dip to as low as 1.56254 approx 31 pips more profit-75 pips in total which is huge if you were able to catch it in a real trade, although not sure whether real money liqudity volume would have allowed cashout at most brokers around this time.
Other observations were noticing retracement and fence sitting on my entry point after this gain was made and judging that my trade is now -26 pips i think the ride is over for this session, and I agree that even as high as 40 pips takeprofit would be safe or 30pips for the risk averse
Note to self asking the question how much more can this trade go in any case is dangerous, stick to set take profits and walk away with money in hand!
Very interested to share my own experience in the hope others will too, to assist the knowledge transfer process to make us all better traders.