At about 8:30pm to 9pm, we started seeing a beautiful technical set up indicated by Ichimoku, fast and slow stochastic s, so we short the EUR at 1.3074.
Later on, we squared the position at 1.2994 for a 80bps trading profit or 0.61%
Daily Archives: April 29th, 2013
Last Thursday, April 24th was the much awaited preliminary GDP numbers for Q1 2013 for the U.K.
After two consecutive quarters of negative growth, there was great expectation and anticipation in this number.
We felt that it was a market mover and place a spot trade at 1.5288 with a stop loss at 1.5258.
When the data came out positive 0.3%, the pound shot up to 1.5408 in 3 seconds!
We square the position at 1.5470 for a whopping 182bps trading profit or 1.19%.
The Panthenon Investment Group 