Friday, 9 March 2012

A Beautiful Pre-NFP Trade for 37 Pips

Usually I'm not too keen on taking Setups on NFP days but this Setup looked good. It only ever went 4 pips against this M5 position which was not a disaster so I kept my stop loss on the other side of AIMS Levels. (A great trade and money management mechanism, I must admit)

A lovely picture indeed. So Why the exit? well of course there is NFP NEWS to be released in 20 minutes! :)

When is it too late or too early to buy a pullback? 

In order to answer this question first ….  Let’s quickly do some repetition. Let’s quickly do some repetition.  Let’s throw in some trading ...