Thanks lavenham.lavenham wrote:Do check for important news releases for the pair as these can cause massive reversals which can stop you out.
I wish you the best of luck with this approach.
I usually keep a casual eye on FOMC reports and various reserve bank's periodic interest rate announcements. But I don't actually trade currencies (I have neither the $$ nor the thorough Understanding). This time around I was just out to do some random trading.
I do however like watching the markets - like you described, events that trigger massive reversal.