viernes, 2 de mayo de 2008

Fewer jobs lost than forecast : +58 pips EURUSD

I don't often trade stats for the simple reason that economic stats are rather unpredictable , especially the jobs ones. Forex is a school of discipline but I allowed myself some room to play this one. The assumptions were the following: an average or slightly disappointing figure wouldn't sink the USD that much , especially with the actual recovery we have seen the last few days. But a positive or better number than anticipated would have a definite impact. Anyway, from time to time you have to allow yourselves to follow a hunch to release the pressure and give way to 'gambling' instincts . The amount involved in the trade was minimal, I was looking for fun but I am not crazy either. Stats trading can be devastating on your bankroll.

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