Thursday, September 10, 2009

GBP Interest Rate trade


Made it to my computers just in time to trade the Pound interst rate announcement. Rate statements normally provide quite a bit of volatility, and this was no exception. The large push up was followed by a steep retracement, however as soon as it turned up again I looked for an entry...when price hesitated I exited but as is normally the case, there were more pips on the table after my exit.. +7pips and it's still early in the session...

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