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Daily Archives: December 2nd, 2015

Believing that this is a data is keenly watched by the market and BOE I decided to place my straddle 5 mins before 530pm

Expectations is 58.4. 

The details of my trade:-

Buy GBP, Stop if bid 1.5070

Sell GBP, Stop if offered 1.5030

Stop loss at spot 1.5050

As it turned out the reading came in much lower at 55.3. 

It triggered by 1.5030 level. Unfortunately it really didn’t go anywhere and finally I cut loss and bought back the GBP at 1.5037

So disappointing. 

Tonight ADP and JANET Yellen speaks?!