Thursday, April 5, 2007

Forex News Trades Success

With the use of a phenomenal new trading automation program we use, we reaped in great profits on the GBPUSD and USDCAD. Being that these are not trades that I originally created, I will simply use these types of entries as a reference to the number of pips within 5 minutes and the deviation.

GBPUSD
UK Industrial Production
4:30 AM EST
0.5 deviation
+14 pips SELL

USDCAD
Canadian Employment Figures
7:00 AM EST
Actual 54.9K, Forecast 12.0K (42.9K deviation!)
+15 pips SELL (moved at stayed at +60 pips - we exited way too early)

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