There’s a great example of why we lower size ahead of the three big economic numbers that come out each month. See EURUSD section below.
Here’s a look at the US Dollar Index intraday with our market directional lines:
As usual on the Sunday report, we will look at the action from Thursday night/Friday, then look at the daily charts of all the pairs with the Seeker and Comber separately for the week ahead, and then glance at the US Dollar Index.
So we were half size ahead of the key data (NFP and Trade Balance, two of our Big Three each month coming out at the same time), and this is a good example of why. Triggered short at A on the news and stopped, then triggered long at B and stopped. After that, we can put the trades back in for full size. Triggered at C, hit first target at D, closed second half at E for end of week: