Seems like I have repeated my mistake again. 22 July 2010, mid day, GBP/USD have rise a lot that time. And I am so caught up testing my technical analysis I never realize I am entering wrong trade.
What I have missed out is the news. There are important news out during the day. On earlier the day, The EU doing good and pulling GU up.
- French Flash Manufacturing PMI doing not so good compare to forecast,
- French Flash Service doing better than forecast,
- German Flash Manufacturing PMI doing way better than forecast,
- German Flash Service PMI also doing better than forecast.
- Euro Flash Manufacturing PMI and Service PMI both also doing better than forecast.
Later after the announcements, 2 more came in,
- U.K. retail sales m/m doing better than forecast,
- EUR industrial new orders m/m also doing better than forecast
Overall this gives a very good impression on overall Europe economy. If I have notice it I would have few profitable trades in the day.
