Forex Trade: 5.30.06

2:20 pm EST- No trades

We saw an Alba breakout at 10:00 am EST but we did not enter because it was the Consumer confidence report candle. We realized that it’s not normally highly volatile event but because there was such a big drop it caused the market to move. After the news candle passed, I did not see any other suitable entries and ended up staying out of the market for the rest of the day. Today was another good example of why I avoid trading during news events. I hope you all did ok today. Cheers! ~Big Pippin

Results: +0 pips

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