I learned bitter sweet lessons from trading the news. On the 18th, I traded GPBUSD on the British CPI news and won. Then again, I used my Double X entries for the USD/CAD pair for the Canadian CPI and I was annihilated. I hit both my short and long entries and struggled from the start until I hit the close button.
The feature attraction for the day was the Fed's much expected rate reduction at 2.15am (local). It was to be the biggest rate cut in 2 decades of 75 basis points. I went to sleep first and woke up at around 2am because my son had very high temperature. I spent a while to attend to him with wet towel before dashing to prepare for the big news.
I entered long in EUR/USD and short in USD/JPY expecting for the USD to tumble upon the news. Somehow, the market moved in a strange way. The EUR/USD pair took a dive together with USD/JPY. I was registering big losses on the EUR/USD and big gains on USD/JPY. Much to my luck, the EUR/USD retraced a bit and I closed both my positions with some net gains. Then I was back to attending to my son's high fever until 4am when I had to take him to the hospital.
It has been one hectic night!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment