Team Trading the News and Managing Trades Net us 702 pips in 48 hours!
Clark W: "In the United Kingdom, a recovery appears to be taking hold. But the legacy of adjustment and repair left by the financial crisis means that the recovery is likely to remain weak by historical standards. CPI inflation rose to 2.9% in June and looks set to remain around that rate in the near term.
Against that backdrop, the Committee has provided some explicit guidance regarding the future conduct of monetary policy. The MPC intends at a minimum to maintain the present highly stimulative stance of monetary policy until economic slack has been substantially reduced, provided this does not entail material risks to price stability or financial stability.
In the Committee’s view, a sustained recovery in both demand and supply appears likely. The outlook for growth is stronger than in May, mainly reflecting a marked improvement in business and consumer sentiment. This stronger demand is assumed to be largely matched by an increase in effective supply capacity, such that the outlook for inflation is similar to May, with inflation expected to fall back to around the 2% target over the forecast period."
Here is an example of how the USD and the GBP were affected by the news.
Here is the index compared
Many traders in the group reported weathering this news with some great gains, others were caught in draw downs.
I had 10 open trades that I intended to execute a decision and found that out of the 10 I had 9 positives and 1 negative. I chose to close them all before retiring for the night. I did have on account that 3 of those trades were being monitored by my European counterpart. I informed her what I had decided and took the profits off the table but to watch for good placed to re enter some of these pairs.
At that time I had a daily gain of 658 pips by then open of the US session she had built it up to 702 not to mention the pips she took in her personal accounts.
Management is the key
Here is a rundown of the various pips sizes each trade was for Tuesday and Wednesday morning.
Account A:Â 77, 132, 49 = total pips 258
Account B: 14,16,-3,-2, 25,16,10, 17,43,-53,54,47,-73,26,36,26,-36,1,20,44 = total pips 228
Account C: 25,46,18,41,19,67 -total pips 216
Total Pips 702 within 48 hrs.
With careful planning and management was entered and exited these trades on a strict trading plan. And in our team trading network. We see this kind of success throughout the month week in and week out. Granted there are moments when we have lulls in the market and or we are not on our game but we see pips increasing our account sizes consistently.