Week1 GBPUSD Live Trade

Good start for 2011, captured a nice trade on GBPUSD based on what was planned on Monday.  Price did a nice retracement, stalled and create an opportunity for a long setup.  News was at 5.30pm and entry was about 3 hours before it.

The news helped to propelled the price, thus having a good setup before the news is something that I always look out for.  This could be said as the "way" I trade news.  Actually, it is still based on price action as the chart is telling us price is likely to go up then down since yesterday evening.