This is a great example of a setup I would trade (and lose money on ) if it was a regular trading day. Many times I look to fade the initial reaction to a major econ report. The first dive in the EURO was off on the jobs report. It rebounded and then retested the move about 15 minutes later. This is where I would would have bought putting a small stop below. Seeing the EURO just went sideways for a couple of hours, on a regular day, I would sell the position and think about reversing. If the low does not hold soon after the first low (within minutes), it is a good bet to then go short.
With today being Good Friday - all I can say is Happy Easter.
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