Wednesday, August 5, 2009

Aug 5th U.S. news Trade


USD ADP Non Farm Employment Change : For this news release we predicted a negative response from the gbp/usd. Thefore we placed our short trades just 4 minutes before the scheduled news release time.
Price shot down upon numbers being revealed. We closed our trade for 32 pips as we were getting ready for the next piece of news.

USD ISM Non Manufacturing PMI : We also predicted to short The G/U . Price tanked 50 pips in minutes as predicted. We collected 50 pips of our call.


We are currently 49 for 54 for news trade call accuracy

We are currently positive for 1642 pips.

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