Friday, May 7, 2010

The West Crisis

Shorted GBP/USD yesterday and only managed to gain 17 pips manually after it showed some signs of pulling back. Made a correct decision by exiting the trade manually as it was ranging for approximately 18 hours before it began to plummet. As I was watching the platform, I have missed out a 200+ pips movement in the pair. The weak Euro sentiment, Greek debt crisis, UK Election and fear of slowdown in China all contributed to the risk adverse sentiment.

No trade today. Unable to find the time to enter trade. Made a wise move here as my limit order would have hit SL if did not abort it.

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