I’ve been lucky these last few days. I placed a trade to buy the EUR/USD after Ben Bernanke spoke a few days ago. My thinking was that the market would trade back up being that it was only a speech and no fundementals behind it. Luck would be in my corner as European Central Bank President Jean- Claude Trichet spoke about rasing interest rates next montha and the EUR/USD rose over 100 pips only to retrace Bernanke’s speech. After closing out my position when I got home because of the unemployement rate was coming out and I didn’t know which way it would go, I bailed out of the market after making a few trades during the night for $30.00 profit. When the unemployement report came out, the market shot up over 100 … Read entire article »