2010-08-26 GBPUSD Live Trade

(This is a live trade shared by Eric Lye in his Forex Trading Blog.  The purpose is to share how we trade and provide the learning points.  Note that there is no absolute right or wrong about a trade, it is all about managing it well)

We had a online practice session with our meet up group at 8.30pm, saw the market did not react negatively to the news.  And I presented the idea that there might be a possible long position.  Didn't have to wait until midnight, the entry was at 9.45pm, and scaled out in 1 hr.  Position is risk free and see how far it can go.

GBPUSD 2010-08-26