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Studying in Advance for Next Week |
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Friday, April 21, 2006 |
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Booker has me a lot more attentive to upcoming Economic Releases and the trade opportunities that can arise. Therefore, taking 1 day at a time, I took a look at the Global Economic calendar for Monday, April 24th to see if any pairs may exhibit volatility due to any releases. It generally looks like a light day with NO economic releases out of the United States. The UK does have a couple of releases at 4:30 a.m. EST including Retail Sales (month over month), Public Finances, and Money Supply (month over month.) Last month during the retail sales announcement, the GBP/USD moved about 30-35 pips following.
Therefore, I will plan on getting up at 4:00 a.m. Monday morning to look for a trade opportunity in the GBP/USD using short-term charts (15 minute?)
I'll be going through more of Rob's lessons this weekend and will keep everyone updated on my progress.
I hope everyone had a great trading week. Have a relaxing weekend.
April 2006
Forex Trading
Rob Booker
economic
gbp
money
pips
plan
retail
short
trade
trading
usd
volatility
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Last Updated ( Friday, April 21, 2006 )
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