The Fed raised rates from 5.00% to 5.25%, and as expected with a 25 bps raised the dollar fell. Within the hour GBP/USD gained almost 200 pips, but to be honest I stayed out of the trade due to the fact that the pair drifted farther and farther away from our long entry point at 1.8300. For record keeping purposes I will record the trade as a loss. In the future I will hold off on any trade ideas for interest rate statements until before it’s released. On to the next trade….
Lot 1: -20 pips
Lot 2: -20 pips
Total: -40 pips
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