The meeting in Brussels at 13:00 CET is for the moment not going quite as well as expected due to lacking democratic support. In addition to this at 08.30 ET, US figures announced were as expected but GDP was still negative with consumption figures on target. Therefore this warrants no reason to go long, fundamentally, unless we see some stock sectors...
Despite last trade's prediction of a long - the poor durable goods figures announced at 08.30 means I've taken a short with a tight stop loss.
Entry: 4552
T/P: 4538
S/L: 4556
Exit conditions:
Subject to reaction at 09.30 on market open
Good home sales figures at 10.00
Positive news on Greece
T/P and S/L of course
Entry 4548
T/P 4596
S/L 4530
*Result*: As initially stated if* bad durable goods figures = exit. I exited this position at profit at around 4452.
As a result of poor durable goods, this switched to a short.
Technical: As we all know on Nasdaq's market open, the Nasdaq100 makes a volatile move as traders move in to take positions on overnight or pre-session...
