GBPUSD closed at break even point

The price had drifted down just before the news release, which triggered my sell stop. But there was no real move in price on the news and therefore no reason to hold this position any longer. So, I got out at the break even point.

Trading news in Forex

I just showed you how I made a quick 182 pips of profit in a matter of minutes on Australian GDP news release. There are big news coming out for USD and CAD tomorrow morning. If anyone is interested how I trade news events in Forex just comment on this post. Feel free to ask … [Read more…]