Trading Systems

Remember last week? Liquidity conditions could wreak havoc

17 June 2016, 18:58
Sherif Hasan
Sherif Hasan
0
129

GBPUSD extends to new highs.

A week ago, there was a poll that sent the GBPUSD racing lower by 172 pips in 15 minutes.  It looked like this....

That can wreak havoc with your trading and your P/L.

So although the ranges were fun today in some of the major pairs - with the price ping ponging back and forth - do not go to the well too much. You might get a stomach ache.  

Lay low. Next week there will be another trade (with more liquidity - at least for a while - and less risk).

#gbpusd