Today's trading session strengthened my believe on trading beyond 930. Trading too early got me caught in a range market. Frustrating and money losing. Luckily i caught the outbreak this time round.
Observation#1- London timing up, US follow
Observation#2-This situation is more of GBP strength, coupled w a bit of USD weakness, the Eur did not strengthen as much. Gold was did not gain much also, so there was inherent strength in GBP
News- Fundamentally, expecting BoE meeting minutes. If quantitative easing approved, Sterling expected to sell off.
This piece of news had no bearing on today's trade so far.
Made about S$20 today from a drawdown of -$40
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