Why did you wait so long, you could have got a lot more had you traded at the time of the release. It could go down now.
But I guess you have taken profit already?
What made you choose usdchf? USDCAD long is looking really good now.
I understand that its risk off because of flows out of Aussie and Kiwi, but what was your reason for the long usdchf?
If you trade the news, then yes, trading at the time of the release would be better as you can see the big movement on the lower time-frames. However, if you don’t trade the news and just take this GDP release as a guideline to trade in a higher time-frame, it doesn’t really matter when you enter your order since you’re looking at a bigger view based on fundamentals.
I’m not sure if you noticed, but the currency pair he traded is moving away from the direction he trade it.
Had he entered earlier he could have caught more of the move before it started moving back down.
Also, he makes it quite clear that he only aims for 10 pips at the time of the release-if he trades at the release .
This was a few hours later I think, so as you can see, I’m looking for specific answers from the guy who actually took the trade, not a general guideline on how to trade but thanks for your help anyway.
Just a thought, why not wait for the consolidation, establish the high and low of the range, then place two orders on either side of the range (buy a few pips above the high, sell a few pips below the low) just before the release?
Once one of them is hit, you close the other.
