Forex blog: Forex Blog by Lloyd - News Trading Updates: "Hard-fought" Results in Difficult Circumstances

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News Trading Updates: "Hard-fought" Results in Difficult Circumstances
After suffering two consecutive system losses (which rarely happened) with Newstrader Program, the EA finally pulled back one positive trade with GBP/USD. I couldn't believe the trade entry level this morning was to be found in the 1.6300+ region.

The market was in heavy sell-off mode which started since yesterday evening. This was another volatile market that I had to deal with - no doubt about that! Bear in mind that I was using a conservative strategy which encouraged a minimal drawdown in the first place.

I couldn't believe I was under such immense pressure watching the price ticks after the release of MPC meeting minutes. With the EA in operation, I should be embracing a care-free attitude towards ea trading and accepting all end results positively. But I failed to do that on a consistent basis. Nonetheless, I was relieved to get some positive results in the end.
- British Pound At Lowest Levels Since 2003, BoE Voted 9-0 For Rate Cut, King Confirms Recession
News event: GBP MPC Meeting Minutes
Long GBP/USD @ 1.6392 for +25 & 39 pips

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