The trade of the day was GBP/USD
I picked that currency pair because I used my Continuation Trade method for the entry before the U.S. data.
We had PPI and Trade Balance for the U.S. at 8:30am New York time.
These reports came out dollar positive.
The candle that set up the Continuation Trade was the signal candle. This gave me 30 minutes to prepare for the release of the economic data. At the moment the numbers were release, I confirmed and entered this trade short. I could clearly see this would most likely be a move down before the announcement.
The Continuation Trade has very specific entry, stop loss and profit targets.
My total net on this trade was 73 pips.
If you would like to see more examples of this type of trade and videos explaining this method, please email me or visit my website.
L.C.
http://blog.udaytrading.com/
I picked that currency pair because I used my Continuation Trade method for the entry before the U.S. data.
We had PPI and Trade Balance for the U.S. at 8:30am New York time.
These reports came out dollar positive.
The candle that set up the Continuation Trade was the signal candle. This gave me 30 minutes to prepare for the release of the economic data. At the moment the numbers were release, I confirmed and entered this trade short. I could clearly see this would most likely be a move down before the announcement.
The Continuation Trade has very specific entry, stop loss and profit targets.
My total net on this trade was 73 pips.
If you would like to see more examples of this type of trade and videos explaining this method, please email me or visit my website.
L.C.
http://blog.udaytrading.com/