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Wednesday 2 May 2012

UK Construction PMI trade

Today we had a possibility to have a very easy profit on UK Construction PMI. The problem was this trade did not perform well for over a year and lately PMI releases were performing badly, after the second round of BoE easing. However, it looks like it is getting some attention again and moving into focus. So today price moved over 30 pips on 1.8 deviation, in a very stead and easy fashion. Trade and forget, let the trail stop do the job. Not a miss, as it was impossible to know, but certainly a hunch for the next month!



As I mentioned, I became lazy lately and it was showing on my trading as well, so a part of my rebirth programme I am filling a trade journal again!

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