Let´s see what happens. If it is a loser, we are one step closer to a winner, since we have a pretty good idea of what will happen IN THE LONG RUN, due to our backtesting of this set up.
Another bigger is forming in the background, but we might as well see if we can get some profits on the way before it completes (if it does).
This is not a signal, nor should you take this idea for anything but an idea. I am in no position to tell anyone what to do. I only want to create discussion, and to train my eye..
I should never have been trying to get in on this trade due to this:
Official Cash Rate
2.00% 2.00% 2.25%
RBNZ Rate Statement
RBNZ Monetary Policy Statement
Good lesson, that in this case didn´t cost me any financial means.
I guess that is what is red in the ForexFactory Calendar...
What are your rules for trading during News Florent?
Thanks for sharing and the comments, it´s is really helpful :)
H1 and higher I don't have any rules regarding news release
M15 and M5, I can't place orders or live trade 15 minutes before or after a high impact news (but orders that would have been placed earlier will be managed closely in case they get filled due to news release)
High impact news : the RED news release on the MyFxBook economic calendar