AU Employment Change – CNT EA Spike Trade 02/12/14 (+24 pips)

Update:

The Australian Employment Change release came out at 71.5K, much higher than the expected 9.5K and unemployment rate also improved by droping from 5.5% to 5.4%. The CNT EA entered a BUY trade in the AUD/CAD at 1.0617 as the market spiked immediately after the release. As the AUD/CAD continued to go up, the CNT EA trailing stop moved the SL to 1.0641 and eventually getting stopped out with 24 pips of profit.

About Kelvin Ching

I'm a professional Forex trader and I have been trading for over 7 years. I was a series 3 broker and a registered CTA with the NFA, the main regulatory agency in the United States, and I have been involved at the highest levels in commodity trading. I also have a background in Information Technology, graphics design, and programming... I'm the co-founder of CurrencyNewsTrading.com, a site dedicated to fundamental analysis and news trading.

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