Monday night news trade

We traded the Australian news release at night: AUDUSD Buy 0.9403 SL 0.9374 P1= 0.9423 P= 0.9443 AUDUSD Sell 0.9374 SL 0.9403 P1= 0.9354 P2= 0.9334 The price went up first triggering our buy orders but then it reversed hitting our stop-loss orders. The long trade resulted in a loss of -81 pips. As soon … [Read more…]