June 3, 2009 4:30 pm (Manila)
Bought GBP/USD @ 1.6622. Reason is that UK Services PMI came out better that expected (zooming past 50). I believe this should be bullish fo the Pound. However, right after I entered, the pair shot to breakeven and then dropped like a rock. Within a few minutes, this trade got stopped-out at -76 pips/lot for a total of -152 pips.
What gives?
Well, there are going to be days when the market will behave like a mad bull. This may be one of them.
I'm packing my bags for the day. Looking forward for tomorrow.
Proud and Hoping
14 years ago
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