lkw52's Blog

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UNEXPECTED NEWS,EXPECTED UPTREND

Morning all. For the shocked unexpected statistical NEWS of US PMI, the market went lost last night. But the expected uptrend in hourly term has been set up. TONIGHT, there will be another news impact. MOST of the chance goes to the uptrend. But for the intradaytrading, it's wise to avoid that uncertain period.
As the chart above, hourly bottom has been set up. But if the non-farm new still be unexpected good, the marktet will be bumped down.
No matter how, it is a chance to join uptrend.
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Contest first trade!

O, have finished the first trade in the contest. Some feeling: maladjustment for me who has traded with Jforex platform for 5 years. Can't partially take position, Can't open two position in one instrument, Can't place the entry order within 5 pips, HO. I UNDERSTAN the principal reasons for all this forbidden. But on this strict rules, there is no showing all the trader's abilities to maintain the positions, his all the very good stratigies to against the risk and manage it.
The rules push me on…
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