So far this week I've only managed to take a quick scalp on GBP/USD which netted me around 30 pips in profit. The reason why I've took this short scalp was mainly based on the fact that market expectation was very pessimistic about the UK growth prospect and I was expecting weaker UK GDP as well.
Since I was trading around big volatility market event I wanted to play defensively and us such I tool the profits right away after the release of the UK GDP figure. We weren't able to break below previous day's low and if I don't see a straight move and a breakout around this events I tend to take quick profits even though later in the day we managed to break below the previous day's low.
Best Regards,
Daytrader21
Since I was trading around big volatility market event I wanted to play defensively and us such I tool the profits right away after the release of the UK GDP figure. We weren't able to break below previous day's low and if I don't see a straight move and a breakout around this events I tend to take quick profits even though later in the day we managed to break below the previous day's low.
Best Regards,
Daytrader21