Turmoil in the markets – GBPUSD – didn’t trade today!

Friday was a day when the UK elections and the Greek crisis caused huge movements in the markets… not only were the currency markets affected but worldwide stock markets. The system would have yield results today but I didn’t trade! The channel was already about 300 points wide (top of channel 14914, bottom of channel 14597)… massive.. almost 10x our average size.. not something which I felt comfortable with.

The break towards the downside happened around 10 ish however and it dropped another 100 points. It would have been another winner for me but it just didn’t felt right!

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Category: Forex trading, Spreadbetting, Trading