Monday, September 26, 2011

euro ifo news (fundamental speed trade)

Good morning, good numbers for the euro this morning the fundamental or news report came out 4 am. est. all numbers were above expectations the session was strong just before news was release.  The Euro opens at 3 am, I took it at 1.3410 it drop too 1.3350, the news was bullish just before 5 am est, it hit 1.3480, I got out at 1.3447 just before 6 am, 35 pips in a few hours, my exit was 15 pips too slow, but it's a strong trade.  The Sterling was also strong off the news, tracking Sterling is sweet, for some reason it reads excellent, but since it was Euro news I didn't purchase it during this fundamental session, it's testing 1.5500 anyway.....

If you have questions, ask...., if you don't want too ask, read, "Speed of Space".

Thanks for your time and have a great day...

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