Today we were trading the UK Retail Sales and boy was it a smashing success. Our trigger was well exceeded again. The plan per the email I sent out yesterday was to go short if the release came out lower than expected by .4% or more. The actual release deviated by a full 2% which was huge.
Most of the entries were around 1.9650 which was basically pre release price. Needless to say the RSS did its job again getting us in before the spike. This time we closed half the position around 40 pips profit and held out the rest. The exits were spread out but we had reports of people doubling there margins today. Many people got 60 to 85 pips on this release.
I would never personally condone over leveraging your account but never the less its good to hear that our members are profiting. To see the actual video of this trade and read the comments from our members follow the link below. These videos not only give you an idea of how I personally trade the news but they are also very educational at times.
We don’t have any news that I will be trading tomorrow however stand by for next week as we have some nice trades coming up. I hope you have a great weekend.
Good Luck trading!!!
