When trading Never Go Against a Government willing to spend money
This morning when I woke up to trade I looked at the charts and everything looked clam. Had a couple of good trades in a relatively quiet morning. I made a few scalps trade in the EUR/USD and the GBPUSD.
The range on these two pairs was very tight. That was until the EUR/USD jumped 100+ pips in the span of 6 minutes on the news that the US will “bailout” via the IMF the Euro Zone countries that are in need to rescue.
You can see clearly when the news was released. The Euro skyrocketed. The lesson of the day, ALWAYS put a stop on your trades, even when the market is calm.
