Quoting angiegiles00DislikedHi there
I anticipated possible whipsaw on 9.30am news today so set up s/l at 50 pips and survived to end trade 80 pips in profit.
Over last month I have demoed my spread bet account with 23 pip straddle, and did not trade US mid term elections and 3 other big news days.
I made 1 losing trade, rest were winners. I use s/l of 40 pips.
Not sure what results would be if I had traded the past month live as maybe slippage would have a large impact? This is reason I am selective which big news days I trade (red impact on FF calender).
Be interested to learn what s/l levels others on this thread are testing?
Cheers
AngieIgnored
Do you mind sharing with us little bit more about what you are doing. For example, what is your TP strategy, one or multiple lot, and reverse entry, etc..
Thanks in advance.
Al