Thursday, February 5, 2009

Long GBPUSD at 1.4540


I entered the GBPUSD at 1.4540 upon clearing about half of the criteria. 15minutes after BOE announcement to cut interest rate by 50bps to only 1.00%, its lowest for decades, the pair jumped 100pips. And is now finding support at 1.4600 level. However i find the spike is rather milder than previous BOE announcement.

Now awaiting the ECB decision.

Update at 13:40GMT
Hit the trailing stop at 30pips. Though rather small, i broke my losing streak.

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