April 7, 2006

4:00 pm EST: +45 pips

Short trade triggered at 9:20 am EST
Short target hit at 10:20 am EST

Well it looks like my attempt to fight off the news spikes worked as we were saved from the NFP spike which would've triggered our long entry had we entered it right at 8:00 am. I will continue this method for future important news reports.












Do not place these orders until 8:40 (After employment change). If entry points are missed, then wait until price falls back below the long entry or above the short entry before placing the orders in. If price does not fall back, then simply do not trade. This is my first attempt at battling the news spikes.

8:00 am EST- Trades

Long Trade:
Entry Order: Buy at 1.7533
Stop Loss: 1.7498
Target: 1.7578
*Move stop loss to breakeven when price hits 1.7553


Short Trade:
Entry Order: Sell at 1.7467
Stop Loss: 1.7503
Target: 1.7422
*Move stop loss to breakeven when price hits 1.7447