Well I said I wouldn't trade pre FED days but what with the US GDP this afternoon I thought the morning would be worth a shot, up till 2pm at least. how wrong I was. Guess the markets are doing just what I didn't want at the moment, changing... I'm not sure if it is the FED factor or becuase its August but the last 2 weeks in cable have been dire. I've profited but not as much as I'd like. I'm not being greedy but when I chose and settled and worked out my plan it was with the knowledge that 100+ pip moves are not uncommon and once a week they can be relied on, it looks as though this weeks will be the NFP on Friday. All the news out this week and still nothing... everything has been obsorbed... the FED yesterday pushed it down then rose it back up and maybe I'm being hasty in my dismissal but it would be nice to see some solid movement tomorrow and Friday because spikes and chop are no good for my wallet.
T1 > moved stop below spike S/R and out
T2 > went nowhere but against me
T3 > after spiking each way it went up a bit later but not far
T4 > pulled back to B/E +1
(Thankfully the rise after the US open sat around in the 40/60 region for a couple of hours whilst I went to the beach before I punched something
)