Hi there
This is Crazy Cat, with the review of the week.
This week, we were watching 6 economic indicators and 1 of them hit the trigger.
Tuesday, May 11, 04:30 am EST, UK
Industrial Production m/m
The trigger was 1.2, and I was going to buy GBP/USD if it came out 1.5 or higher. It actually came out at 2.0 and we saw a total move of about 30 pips. It was a very fast spike and quite disappointing after-spike price action. Nevertheless, I grabbed a quick profit of about 20 pips on it. It was a good trade although I got only one fill on it.
Here is the chart:
Forex news trading currency exchange charts
Other than that, it was a very slow week.
Have a nice Sunday!
-Crazy Cat
This is Crazy Cat, with the review of the week.
This week, we were watching 6 economic indicators and 1 of them hit the trigger.
Tuesday, May 11, 04:30 am EST, UK
Industrial Production m/m
The trigger was 1.2, and I was going to buy GBP/USD if it came out 1.5 or higher. It actually came out at 2.0 and we saw a total move of about 30 pips. It was a very fast spike and quite disappointing after-spike price action. Nevertheless, I grabbed a quick profit of about 20 pips on it. It was a good trade although I got only one fill on it.
Here is the chart:
Forex news trading currency exchange charts
Other than that, it was a very slow week.
Have a nice Sunday!
-Crazy Cat
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