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trading news when it breaks
I just tried a strategy where I went long and short(hedged) gpd/usd at 1.9735 and when the news broke I cut the long at 1.9716 (that's where it popped to) and then kept the short open and closed at 1.9700. Not much of a profit but it was a decent return on an investment of 20 minutes...if it was three round lots instead of one mini lot....small steps. Still I guess it is risky guessing when to cut the losing side...wait this is forex, of course it's risky. Silly me.
P.s. I like your style spunky. It's a great way to earn some money and pass the time during a slow day....like the last two...snoorrrrrr.
Last edited by clearsight; 06-12-2007 at 03:53 AM..
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