February 21, 2009

50 pips Profit from the UK Retail Sales Surprise

I managed to make profit from the U.K. Retail Sales report on Feb 20. A 0.7 percent increase in January surprised the market which expected to see a 0.1 percent decline. I bought GBPJPY in minutes before the report. It was however more a gamble than a usual trade as I hold the position after the report.

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