No Bullshit Forex Blog, A Part of No Bullshit Network

It was a disaster to trade the news today if you’re following the indicators’ release.

PMI

*FEB CHICAGO PURCHASING MANAGER INDEX: 47.9 V 50.0E - Prices Paid: 63.2 v 54.9 last

New Home Sales

*JAN NEW HOME SALES: 937K V 1.080Me, lowest rate since Feb 2003 - translates to -16.6% m/m

- prior revised to 1.123M from 1.120M

If you’re following the numbers, chances are you’d be shorting; and that’s what I did for the cable.

Stop loss triggered. Bad day.

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