Intraday Forex Trading | Exciting Day of News – Sharp Plunge in the EUR/USD and GBP/USD

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The USD/CHF range play I suggested yesterday has hit the TP, and that range is over 45 ticks wide. Note what happened after I posted the short signal in the forum, as indicated by the red circle.

I was short EUR/USD and GBP/USD since yesterday, as mentioned in my previous post. As there was a slew of economic data and talks today, these currencies were more volatile than usual.

Unfortunately, because of the long wait during the day, I took out my profits too early when the actual move started, and it was a pity because I could easily have made a few thousand dollars more if I have the patience to wait a little longer.

I will continue to refine my setups and improve on my trading psychology. Even though I have been trading for many years, there is always still room for improvement.

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Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.