Dollar steady after below-forecast US payrolls
The non-farm payroll came out lower than expected. Bearish news for the dollar. I waited for about 10 minutes before I entered my positions, simply to avoid any wild price swings that could possibly stop you out. Remember, do not simply rush into positions. I find the following very true when you are trading a news event, You will always be given enough time to response, hence make sure you understand the news properly in order to make the right decision and, most importantly, enter at the best price during that time.
Long GBP/USD - Set to breakeven once in front with 15+ pips. Initially, I wanted to hold the position over to next week but finally made an exit for +40.
Short USD/JPY - I am still holding this one. Actually, I was expecting a bigger reaction from the NFP report earlier. A breakeven trade at least.
Hope you traded well this week. I will be away all week next week.
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