Thursday, December 4, 2008

Rate cuts

Market acted somehow strange, I checked the news and apparently Sweden cut rates more than was expected and that stir things up with eur and gbp with rates cut scheduled today. On first trade I didn't expect that big drop so I wasn't waiting around after 12 pips. Sharp reaction from found support at 550 followed. I had other trades based on 10sec chart movements and clues about how things go around when sell off meet resistance force that bounce price back. There is always fresh wave of selling waiting at least to try to get market back down. So I was only looking for shorts and made few scalps more.
+12 full size pips


1 comment:

ORION MACHINE said...

again man! i think im gonna sit it out today, the moves are just too crazy for me.