News Discussion
Locked
GBP/USD reaction to UK CPI data — share your trades
655 views
5 replies
0 likes
1 month ago
UK CPI came in hotter than expected today at 3.2% vs 2.9% expected. GBP/USD spiked 80 pips in the first 5 minutes before partially retracing.
I was positioned long from 1.2680 with a stop at 1.2650. Took half off at 1.2740 and letting the rest run. How did you all trade the news? Did you fade the spike or ride the initial move?
5 Replies
This is exactly why I love this forum. Real traders sharing real experiences. Much more valuable than most paid courses out there.
Backtesting is important, but forward testing in a live environment always reveals edge cases that backtests miss.
Agreed on the broker comparison. Slippage during news can completely wipe out a trade that looked perfect on the chart.
Good analysis. One thing I'd add is to watch the COT report — institutional positioning often gives early clues about big moves.
I've been doing exactly this for 2 years and it's made a huge difference to my consistency. Psychology is everything in trading.