The euro was 1.23 74/76 before the figures and had been pretty steady for the previous hour or so. If you got out at the very top you could have hit a 1.2420 bid for a gain of 44 pips. If that means you tripled your money then a 22pip loss would have wiped you out at best. In all probability 10-15 pips is all that would have been needed as I doubt you made the full 44 pips.
I know every great trader is meant to have gone bust at least once but think you should exercise a bit more caution.
I know every great trader is meant to have gone bust at least once but think you should exercise a bit more caution.
t'would be wise indeed....stepping up to the plate pre-news is a pretty darned quick way to the poor house, as many have found to their cost 
better to let the hustle & bustle blow itself out, and pick off the moves late p.m/into the close (as they frequently set up)
better to let the hustle & bustle blow itself out, and pick off the moves late p.m/into the close (as they frequently set up)
to further emphasise the 'wait till it blows out' scenario, 2 recent examples (NFP of the 8th & yesterdays multi 1.30 - 3.00 news releases ). Given the shenanigans of close pre-post news entries, and the trap laden spikes which tip traders out at every opportunity.......there are often plenty of opportunities to pick far safer entries after these events as price either tops or bottoms out on & around key (round) numbers, allowing safer trade management & tighter entry options.
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