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Studying in Advance for Next Week
Friday, April 21, 2006

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. 

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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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